Electronic Arts 2016 Annual Report Download - page 133

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Annual Report
ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data) March 31,
2016
March 31,
2015
ASSETS
Current assets:
Cash and cash equivalents .................................................. $2,493 $2,068
Short-term investments .................................................... 1,341 953
Receivables, net of allowances of $159 and $140, respectively ..................... 233 362
Inventories .............................................................. 33 36
Deferred income taxes, net ................................................. — 54
Other current assets ....................................................... 254 247
Total current assets ..................................................... 4,354 3,720
Property and equipment, net .................................................. 439 459
Goodwill ................................................................. 1,710 1,713
Acquisition-related intangibles, net ............................................ 57 111
Deferred income taxes, net ................................................... 387 13
Other assets ............................................................... 103 131
TOTAL ASSETS ........................................................ $7,050 $6,147
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................................ $ 89 $ 68
Accrued and other current liabilities .......................................... 710 794
0.75% convertible senior notes due 2016, net ................................... 161 602
Deferred net revenue (online-enabled games) .................................. 1,458 1,283
Total current liabilities .................................................. 2,418 2,747
Senior notes, net ........................................................... 989 —
Income tax obligations ...................................................... 80 70
Deferred income taxes, net ................................................... 2 80
Other liabilities ............................................................ 163 183
Total liabilities ........................................................ 3,652 3,080
Commitments and contingencies (See Note 13)
0.75% convertible senior notes due 2016 (See Note 12) ............................ 2 31
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized ............................ — —
Common stock, $0.01 par value. 1,000 shares authorized; 301 and 310 shares issued and
outstanding, respectively ................................................. 3 3
Additional paid-in capital .................................................. 1,349 2,127
Retained earnings ........................................................ 2,060 904
Accumulated other comprehensive income (loss) ............................... (16) 2
Total stockholders’ equity ................................................ 3,396 3,036
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $7,050 $6,147
See accompanying Notes to Consolidated Financial Statements.
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