Symantec 1999 Annual Report Download - page 62

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The accompanying Summary of Significant Accounting Policies and Notes to Consolidated Financial Statements are an
integral part of these statements.
48
SYMANTEC CORPORATION
CONSOLIDATED BALANCE SHEETS
March 31,
(In thousands) 1999 1998
ASSETS
Current assets:
Cash, cash equivalents and short-term investments $192,755 $225,883
Trade accounts receivable 76,386 65,158
Inventories 6,377 3,175
Deferred income taxes 28,155 19,677
Other 12,790 14,646
Total current assets 316,463 328,539
Long-term investments 4,270 34,258
Restricted investments 71,405 59,370
Equipment and leasehold improvements 52,887 50,030
Purchased product rights and capitalized software 36,209 1,470
Goodwill 75,224 --
Other 7,018 2,793
$ 563,476 $ 476,460
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $45,862 $34,171
Accrued compensation and benefits 20,788 21,332
Other accrued expenses 131,919 64,532
Income taxes payable 18,339 24,634
Current portion of convertible subordinated debentures -- 8,333
Total current liabilities 216,908 153,002
Convertible subordinated debentures -- 5,951
Long-term obligations 1,455 --
Commitments and contingencies
Stockholders’ equity:
Preferred stock (par value: $0.01 authorized: 1,000; issued and outstanding: none) -- --
Common stock (par value: $0.01 authorized: 100,000; issued and
outstanding: 56,872 and 57,109 shares) 569 571
Capital in excess of par value 315,698 310,949
Notes receivable from stockholders (144) (144)
Accumulated other comprehensive loss (19,110) (12,559)
Retained earnings 48,100 18,690
Total stockholders’ equity 345,113 317,507
$ 563,476 $ 476,460