Plantronics 2005 Annual Report Download - page 77

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part ii
Item 8. Financial Statements and Supplementary Data
PLANTRONICS, INC.
CONSOLIDATED BALANCE SHEETS
March 31, in thousands, except per share data 2004 2005
ASSETS
Current assets:
Cash and cash equivalents $ 55,952 $ 78,398
Marketable securities 124,664 164,416
Accounts receivable, net 64,344 87,558
Inventory, net 40,762 60,201
Deferred income taxes 13,967 8,675
Other current assets 10,938 7,446
Total current assets 310,627 406,694
Property, plant and equipment, net 42,124 59,745
Intangibles, net 3,440 2,948
Goodwill 9,386 9,386
Other assets 2,675 9,156
Total assets $ 368,252 $ 487,929
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 19,075 $ 20,316
Accrued liabilities 36,469 39,775
Income taxes payable 5,686 11,080
Total current liabilities 61,230 71,171
Deferred tax liability 7,719 8,109
Long-term liabilities — 2,930
Total liabilities 68,949 82,210
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred stock, $0.01 par value per share; 1,000 shares authorized, no
shares outstanding — —
Common stock, $0.01 par value per share; 100,000 shares authorized,
63,635 shares and 65,110 shares issued at 2004 and 2005, respectively 636 651
Additional paid-in capital 248,495 293,735
Deferred stock based compensation — (2,220)
Accumulated other comprehensive income 681 1,583
Retained earnings 347,629 437,867
597,441 731,616
Less: Treasury stock (common: 16,029 and 16,681 shares at 2004 and
2005, respectively) at cost (298,138) (325,897)
Total stockholders’ equity 299,303 405,719
Total liabilities and stockholders’ equity $ 368,252 $ 487,929
AR 2005 ⯗49