2K Sports 2004 Annual Report Download - page 44
Download and view the complete annual report
Please find page 44 of the 2004 2K Sports annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
 |
 |
TAKE-TWO INTERACTIVE SOFTWARE, INC. and SUBSIDIARIES
Consolidated Balance Sheets
(In thousands, except share data)
As of October 31,
2004 2003
ASSETS
Current assets
Cash and cash equivalents ...................................................... $155,095 $183,477
Accounts receivable, net of allowances of $72,215 and $62,817 at
October 31, 2004 and 2003, respectively .................................... 285,709 166,536
Inventories, net ................................................................. 154,345 101,748
Prepaid royalties ............................................................... 38,220 12,196
Prepaid expenses and other current assets ...................................... 60,018 41,112
Deferred tax asset .............................................................. 11,554 8,173
Total current assets .......................................................... 704,941 513,242
Fixed assets, net ................................................................ 34,291 22,260
Prepaid royalties ............................................................... 3,982 8,439
Capitalized software development costs ........................................ 27,785 16,336
Goodwill ....................................................................... 135,477 101,498
Intangibles, net ................................................................. 36,104 44,836
Long-term deferred tax asset ................................................... 6,219 160
Other assets .................................................................... 1,714 527
Total assets .................................................................. $950,513 $707,298
LIABILITIES and STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable .............................................................. $163,961 $106,172
Accrued expenses and other current liabilities .................................. 128,530 56,883
Income taxes payable .......................................................... 17,319 2,265
Total current liabilities ....................................................... 309,810 165,320
Deferred tax liability ........................................................... 5,233 8,486
Total liabilities ............................................................... 315,043 173,806
Stockholders’ equity
Common stock, par value $.01 per share; 100,000,000 and 50,000,000 shares
authorized; 45,439,651 and 44,227,215 shares issued and outstanding at
October 31, 2004 and 2003, respectively .................................... 454 442
Additional paid-in capital ...................................................... 382,156 350,852
Deferred compensation ......................................................... (3,896) (1,890)
Retained earnings .............................................................. 250,402 185,024
Accumulated other comprehensive income (loss) ............................... 6,354 (936)
Total Stockholders’ Equity ................................................... 635,470 533,492
Total Liabilities and Stockholders’ Equity ................................... $950,513 $707,298
The accompanying notes are an integral part of these consolidated financial statements.
36