Symantec 1999 Annual Report Download - page 71

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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements
57
NOTE 1. BALANCE SHEET INFORMATION
March 31,
(In thousands) 1999 1998
Cash, cash equivalents and short-term investments:
Cash $41,031 $28,236
Cash equivalents 112,842 110,777
Short-term investments 38,882 86,870
$ 192,755 $ 225,883
Trade accounts receivable:
Receivables $ 81,332 $69,574
Less: allowance for doubtful accounts (4,946) (4,416)
$ 76,386 $ 65,158
Inventories:
Raw materials $1,887 $1,091
Finished goods 4,490 2,084
$ 6,377 $ 3,175
Equipment and leasehold improvements:
Computer hardware and software $134,745 $ 107,724
Office furniture and equipment 33,705 29,407
Leasehold improvements 22,516 21,038
190,966 158,169
Less: accumulated depreciation and amortization (138,079) (108,139)
$ 52,887 $ 50,030
Purchased product rights and capitalized software:
Purchased product rights and technologies $47,181 $1,358
Capitalized software development costs 2,377 2,414
Less: accumulated amortization of purchased product rights and technologies (11,112) (563)
Less: accumulated amortization of capitalized software development costs (2,237) (1,739)
$ 36,209 $ 1,470
Other accrued expenses:
Deferred revenue $55,965 $25,537
Marketing development funds 8,268 12,815
Current obligations related to the purchase of IBM anti-virus business 8,000 --
Other 59,686 26,180
$ 131,919 $ 64,532
Accumulated other comprehensive loss:
Unrealized (loss) gain on available-for-sale investments $(304) $ 157
Cumulative translation adjustment (18,806) (12,716)
$ (19,110)$ (12,559)
NOTE 2. INCOME STATEMENT INFORMATION
Year Ended March 31,
(In thousands) 1999 1998 1997
Technical support costs included in sales and marketing $34,219 $38,582 $35,111
Advertising expense 50,779 46,814 39,147
Technical support costs included in sales and marketing relate to the estimated cost of providing insignificant post-
contract support (generally telephone support) that is accrued at the time of product sale.