2K Sports 2009 Annual Report Download - page 74
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TAKE-TWO INTERACTIVE SOFTWARE, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
October 31, October 31,
2009 2008
ASSETS
Current assets:
Cash and cash equivalents $ 102,083 $ 280,277
Accounts receivable, net of allowances of $47,265 and $68,448 at
October 31, 2009 and 2008, respectively 199,395 157,458
Inventory 93,996 104,235
Software development costs and licenses 167,341 113,436
Prepaid taxes and taxes receivable 8,814 23,763
Prepaid expenses and other 56,595 44,605
Total current assets 628,224 723,774
Fixed assets, net 27,392 32,361
Software development costs and licenses, net of current portion 75,521 61,991
Goodwill 220,881 230,809
Other intangibles, net 23,224 26,123
Other assets 33,329 8,294
Total assets $1,008,571 $1,083,352
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 172,976 $ 156,167
Accrued expenses and other current liabilities 174,983 153,089
Deferred revenue 6,334 56,163
Total current liabilities 354,293 365,419
Long-term debt 138,000 70,000
Income taxes payable 10,146 26,399
Other long-term liabilities —6,416
Total liabilities 502,439 468,234
Commitments and contingencies
Stockholders’ Equity:
Preferred stock, $.01 par value, 5,000 shares authorized ——
Common stock, $.01 par value, 150,000 shares authorized; 81,925 and
77,694 shares issued and outstanding at October 31, 2009 and 2008,
respectively 819 777
Additional paid-in capital 616,776 603,579
Retained earnings (accumulated deficit) (119,655) 18,275
Accumulated other comprehensive income (loss) 8,192 (7,513)
Total stockholders’ equity 506,132 615,118
Total liabilities and stockholders’ equity $1,008,571 $1,083,352
See accompanying Notes.
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