2K Sports 2008 Annual Report Download - page 72
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TAKE-TWO INTERACTIVE SOFTWARE, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
October 31, October 31,
2008 2007
ASSETS
Current assets:
Cash and cash equivalents $ 280,277 $ 77,757
Accounts receivable, net of allowances of $68,448 and $63,324 at
October 31, 2008 and October 31, 2007, respectively 157,458 104,937
Inventory 104,235 99,331
Software development costs and licenses 113,436 141,441
Prepaid taxes and taxes receivable 23,763 40,316
Prepaid expenses and other 44,605 34,741
Total current assets 723,774 498,523
Fixed assets, net 32,361 44,986
Software development costs and licenses, net of current portion 61,991 34,465
Goodwill 230,809 204,845
Other intangibles, net 26,123 31,264
Other assets 8,294 17,060
Total assets $1,083,352 $831,143
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 156,167 $128,782
Accrued expenses and other current liabilities 153,089 146,835
Deferred revenue 56,163 36,544
Total current liabilities 365,419 312,161
Deferred revenue —25,000
Line of credit 70,000 18,000
Income taxes payable 26,399 —
Other long-term liabilities 6,416 4,828
Total liabilities 468,234 359,989
Commitments and contingencies
Stockholders’ Equity:
Common Stock, $.01 par value, 100,000 shares authorized; 77,694 and
74,273 shares issued and outstanding at October 31, 2008 and October 31,
2007, respectively 777 743
Additional paid-in capital 603,579 513,297
Retained earnings (accumulated deficit) 18,275 (77,747)
Accumulated other comprehensive (loss) income (7,513) 34,861
Total stockholders’ equity 615,118 471,154
Total liabilities and stockholders’ equity $1,083,352 $831,143
See accompanying Notes.
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