Electronic Arts 2015 Annual Report Download - page 124

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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data) March 31,
2015
March 31,
2014
ASSETS
Current assets:
Cash and cash equivalents .................................................. $2,068 $1,782
Short-term investments .................................................... 953 583
Receivables, net of allowances of $140 and $186, respectively ..................... 362 327
Inventories .............................................................. 36 56
Deferred income taxes, net ................................................. 54 74
Other current assets ....................................................... 247 316
Total current assets ..................................................... 3,720 3,138
Property and equipment, net .................................................. 459 510
Goodwill ................................................................. 1,713 1,723
Acquisition-related intangibles, net ............................................ 111 177
Deferred income taxes, net ................................................... 13 28
Other assets ............................................................... 131 140
TOTAL ASSETS ........................................................ $6,147 $5,716
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................................ $ 68 $ 119
Accrued and other current liabilities .......................................... 794 781
Deferred net revenue (online-enabled games) .................................. 1,283 1,490
0.75% convertible senior notes due 2016, net ................................... 602 —
Total current liabilities .................................................. 2,747 2,390
0.75% convertible senior notes due 2016, net ..................................... — 580
Income tax obligations ...................................................... 70 189
Deferred income taxes, net ................................................... 80 18
Other liabilities ............................................................ 183 117
Total liabilities ........................................................ 3,080 3,294
Commitments and contingencies (See Note 13)
0.75% convertible senior notes due 2016 (See Note 12) ............................ 31 —
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized ............................ — —
Common stock, $0.01 par value. 1,000 shares authorized; 310 and 311 shares issued and
outstanding, respectively ................................................. 3 3
Additional paid-in capital .................................................. 2,127 2,353
Retained earnings ........................................................ 904 29
Accumulated other comprehensive income .................................... 2 37
Total stockholders’ equity ................................................ 3,036 2,422
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $6,147 $5,716
See accompanying Notes to Consolidated Financial Statements.
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