Plantronics 1999 Annual Report Download - page 11

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PLANTRONICS ANNUAL REPORT 1999 page 9
Consolidated balance sheets
MARCH 31,
(IN THOUSANDS) 19 9 8 19 9 9
ASSETS
Current assets:
Cash and cash equivalents $ 64,901 $ 42,999
Accounts receivable, net 41,550 46,807
Inventory 29,741 18,889
Deferred income taxes 2,130 3,159
Other current assets 1,774 7,880
Total current assets 140,096 119,734
Property, plant and equipment, net 21,255 20,323
Other assets 4,124 2,811
Total assets $165,475 $142,868
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 8,327 $ 9,453
Accrued liabilities 26,629 33,475
Income taxes payable 6,381 510
Total current liabilities 41,337 43,438
Deferred tax liability 5,652 10,025
Long-term debt 65,050 —
Total liabilities 112,039 53,463
Commitments and contingencies (note 8)
Stockholders’equity:
Common stock, $0.01 par value per share; 40,000 shares authorized,
16,449 shares and 16,798 shares issued and outstanding 174 185
Additional paid-in capital 63,816 91,423
Accumulated other comprehensive income (891) (891)
Retained earnings 15,355 69,559
78,454 160,276
Less:Treasury stock (common: 963 and 1,669) at cost (25,018) (70,871)
Total stockholders’equity 53,436 89,405
Total liabilities and stockholders’equity $165,475 $142,868
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS.