Electronic Arts 2014 Annual Report Download - page 131
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Annual Report
ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data) March 31,
2014
March 31,
2013
ASSETS
Current assets:
Cash and cash equivalents .................................................. $1,782 $1,292
Short-term investments .................................................... 583 388
Receivables, net of allowances of $186 and $200, respectively ..................... 327 312
Inventories .............................................................. 56 42
Deferred income taxes, net ................................................. 74 52
Other current assets ....................................................... 316 239
Total current assets ..................................................... 3,138 2,325
Property and equipment, net .................................................. 510 548
Goodwill ................................................................. 1,723 1,721
Acquisition-related intangibles, net ............................................ 177 253
Deferred income taxes, net ................................................... 28 53
Other assets ............................................................... 140 170
TOTAL ASSETS ........................................................ $5,716 $5,070
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................................ $ 119 $ 136
Accrued and other current liabilities .......................................... 781 737
Deferred net revenue (online-enabled games) .................................. 1,490 1,044
Total current liabilities .................................................. 2,390 1,917
0.75% convertible senior notes due 2016, net ..................................... 580 559
Income tax obligations ...................................................... 189 205
Deferred income taxes, net ................................................... 18 1
Other liabilities ............................................................ 117 121
Total liabilities ........................................................ 3,294 2,803
Commitments and contingencies (See Note 13)
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized ............................ — —
Common stock, $0.01 par value. 1,000 shares authorized; 311 and 302 shares issued and
outstanding, respectively ................................................. 3 3
Paid-in capital ........................................................... 2,353 2,174
Retained earnings ........................................................ 29 21
Accumulated other comprehensive income .................................... 37 69
Total stockholders’ equity ................................................ 2,422 2,267
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $5,716 $5,070
See accompanying Notes to Consolidated Financial Statements.
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