Symantec 2007 Annual Report Download - page 75

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SYMANTEC CORPORATION
CONSOLIDATED BALANCE SHEETS
2007 2006
March 31,
(In thousands, except par value)
ASSETS
Current assets:
Cash and cash equivalents . ......................................... $ 2,559,034 $ 2,315,622
Short-term investments . . . ......................................... 428,619 550,180
Trade accounts receivable, net ....................................... 666,968 670,937
Inventories . .................................................... 42,183 48,687
Current deferred income taxes ....................................... 165,323 131,833
Other current assets . .............................................. 208,920 190,673
Total current assets ............................................. 4,071,047 3,907,932
Property and equipment, net . ......................................... 1,092,240 946,217
Acquired product rights, net . ......................................... 909,878 1,238,511
Other intangible assets, net . . ......................................... 1,245,638 1,440,873
Goodwill ........................................................ 10,340,348 10,331,045
Other long-term assets .............................................. 91,719 48,605
Total assets . . . .............................................. $17,750,870 $17,913,183
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Convertible subordinated notes ....................................... $ — $ 512,800
Accounts payable . . .............................................. 149,131 167,135
Accrued compensation and benefits ................................... 307,824 277,170
Current deferred revenue . . ......................................... 2,387,733 1,915,179
Other accrued expenses . . . ......................................... 234,915 185,882
Income taxes payable ............................................. 238,486 419,401
Total current liabilities . . ......................................... 3,318,089 3,477,567
Convertible senior notes ............................................. 2,100,000 —
Long-term deferred revenue. . ......................................... 366,050 248,273
Long-term deferred tax liabilities ....................................... 343,848 493,956
Other long-term obligations . . ......................................... 21,370 24,916
Total liabilities ............................................. 6,149,357 4,244,712
Commitments and contingencies
Stockholders’ equity:
Preferred stock (par value: $0.01, 1,000 shares authorized; none issued and
outstanding) .................................................. — —
Common stock (par value: $0.01, 3,000,000 shares authorized; 1,283,113 and
1,210,660 shares issued at March 31, 2007 and 2006; 899,417 and
1,040,885 shares outstanding at March 31, 2007 and 2006, respectively) ....... 8,994 10,409
Capital in excess of par value ....................................... 10,061,144 12,426,690
Accumulated other comprehensive income .............................. 182,933 146,810
Deferred stock-based compensation ................................... — (43,595)
Retained earnings . . .............................................. 1,348,442 1,128,157
Total stockholders’ equity. . . ...................................... 11,601,513 13,668,471
Total liabilities and stockholders’ equity ........................... $17,750,870 $17,913,183
The accompanying Summary of Significant Accounting Policies and Notes to Consolidated Financial Statements
are an integral part of these statements.
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