Computer Associates 2000 Annual Report Download - page 13

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March 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY 2000 1999
(Dollars in millions)
CURRENT LIABILITIES
Loans payable and current portion of long-term debt . . . . . . . . . . . . . . . . . $ 919 $ 492
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 232 153
Salaries, wages, and commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183 193
Accrued expenses and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,201 338
Taxes, other than income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131 95
Federal, state, and foreign income taxes payable . . . . . . . . . . . . . . . . . . . 338 312
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . –280
TOTAL CURRENT LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,004 1,863
LONG-TERM DEBT, net of current portion . . . . . . . . . . . . . . . . . . . . . . . . . 4,527 2,032
DEFERRED INCOME TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,365 1,034
DEFERRED MAINTENANCE REVENUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . 560 412
STOCKHOLDERS’ EQUITY
Common Stock, $.10 par value, 1,100,000,000 shares authorized,
630,920,576 shares issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 63
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,902 1,141
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,121 3,468
Accumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . (280) (180)
Treasury stock, at cost— 41,528,439 shares for 2000 and
95,217,954 shares for 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (769) (1,763)
TOTAL STOCKHOLDERS’ EQUITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,037 2,729
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY . . . . . . . . . . . . . . . . . . $17,493 $8,070
See Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
March 31,
ASSETS 2000 1999
(Dollars in millions)
CURRENT ASSETS
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,307 $ 399
Marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 137
Trade and installment accounts receivable, net. . . . . . . . . . . . . . . . . . . . . 2,175 2,021
Deferred income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 318 –
Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112 74
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,992 2,631
INSTALLMENT ACCOUNTS RECEIVABLE, net, due after one year . . . . . . . . . 3,812 2,844
PROPERTY AND EQUIPMENT
Land and buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 528 468
Equipment, furniture, and improvements . . . . . . . . . . . . . . . . . . . . . . . . . 800 571
1,328 1,039
Allowance for depreciation and amortization. . . . . . . . . . . . . . . . . . . . . . . 499 441
TOTAL PROPERTY AND EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . 829 598
PURCHASED SOFTWARE PRODUCTS, net of accumulated
amortization of $1,726 and $1,476. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,598 221
GOODWILL AND OTHER INTANGIBLE ASSETS, net of
accumulated amortization of $521 and $281 . . . . . . . . . . . . . . . . . . . . . 6,032 1,623
OTHER ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 230 153
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $17,493 $8,070
See Notes to Consolidated Financial Statements.
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