Symantec 1997 Annual Report Download - page 40

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38 SYMANTEC CORPORATION
March 31,
(In thousands) 1997 1996
A S S E T S
Current assets:
Cash and short-term investments $160,082 $129,199
Trade accounts receivable 47,650 59,340
Inventories 4,476 7,893
Deferred income taxes 12,823 12,875
Other 13,166 14,653
Total current assets 238,197 223,960
Equipment and leasehold improvements 51,610 51,698
Restricted investments 47,448 —
Capitalized software 2,037 4,183
Other 2,381 5,186
$ 341,673 $285,027
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $30,328 $ 23,368
Accrued compensation and benefits 16,241 14,888
Other accrued expenses 53,742 47,664
Income taxes payable 8,276 3,329
Current portion of long-term obligations 41 68
Total current liabilities 108,628 89,317
Convertible subordinated debentures 15,000 15,000
Long-term obligations 66 393
Commitments and contingencies
Stockholders’ equity:
Preferred stock (authorized: 1,000; issued and outstanding: none) ——
Common stock (authorized: 100,000; issued and outstanding:
55,427 and 53,636 shares) 554 536
Capital in excess of par value 291,548 279,508
Notes receivable from stockholders (144) (144)
Cumulative translation adjustment (7,580) (7,591)
Accumulated deficit (66,399) (91,992)
Total stockholders’ equity 217,979 180,317
$341,673 $285,027
The accompanying Summary of Significant Accounting Policies and Notes to Consolidated Financial Statements are an integral part of these statements.
Consolidated
Balance Sheets