Symantec 2008 Annual Report Download - page 149

SYMANTEC CORPORATION
CONSOLIDATED BALANCE SHEETS
March 28,
2008
March 30,
2007
(In thousands, except par value)
ASSETS
Current assets:
Cash and cash equivalents . ......................................... $ 1,890,225 $ 2,559,034
Short-term investments . . . ......................................... 536,728 409,133
Trade accounts receivable, net ....................................... 758,200 666,968
Inventories . .................................................... 34,138 42,183
Deferred income taxes ............................................. 193,775 165,323
Other current assets . .............................................. 316,852 228,406
Total current assets ............................................. 3,729,918 4,071,047
Property and equipment, net . ......................................... 1,001,750 1,092,240
Acquired product rights, net . ......................................... 648,950 909,878
Other intangible assets, net . . ......................................... 1,243,524 1,245,638
Goodwill ........................................................ 11,207,357 10,340,348
Investment in joint venture . . ......................................... 150,000 —
Other long-term assets .............................................. 55,291 63,987
Long-term deferred income taxes ....................................... 55,304 27,732
Total assets . . . .............................................. $18,092,094 $17,750,870
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable . . .............................................. $ 169,631 $ 149,131
Accrued compensation and benefits ................................... 431,345 307,824
Current deferred revenue . . ......................................... 2,661,515 2,387,733
Other current liabilities . . . ......................................... 264,832 234,915
Income taxes payable ............................................. 72,263 238,486
Short-term borrowing ............................................. 200,000 —
Total current liabilities ......................................... 3,799,586 3,318,089
Convertible senior notes ............................................. 2,100,000 2,100,000
Long-term deferred revenue. . ......................................... 415,054 366,050
Long-term deferred tax liabilities ....................................... 219,341 343,848
Long-term income taxes payable ....................................... 478,743 —
Other long-term obligations . . ......................................... 106,187 21,370
Total liabilities ............................................. 7,118,911 6,149,357
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; 1,223,038 and
1,283,113 shares issued at March 28, 2008 and March 30, 2007; 839,387 and
899,417 shares outstanding at March 28, 2008 and March 30, 2007) . . ........ 8,393 8,994
Capital in excess of par value ....................................... 9,139,084 10,061,144
Accumulated other comprehensive income .............................. 159,792 182,933
Retained earnings . . .............................................. 1,665,914 1,348,442
Total stockholders’ equity. . . ...................................... 10,973,183 11,601,513
Total liabilities and stockholders’ equity ........................... $18,092,094 $17,750,870
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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