THQ 2007 Annual Report Download - page 60
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See notes to consolidated financial statements.
52
THQ INC. AND SUBSIDIARIES
CONSOLIDATED BALANCESHEETS
(In thousands, except share data)
March 31,
2007
March 31,
2006
ASSETS
Current assets:
Cash andcashequivalents .............................................$174,748 $91,517
Short-term investments................................................283,210 280,120
Cash, cash equivalentsandshort-term investments. .....................457,958 371,637
Accounts receivable,net of allowances ..................................67,586 78,876
Inventory............................................................27,381 28,620
Licenses .............................................................41,406 20,849
Software development. ................................................130,512 91,843
Income taxesreceivable ...............................................18,525 4,686
Prepaidexpensesandother currentassets ...............................16,238 12,420
Totalcurrentassets .................................................759,606 608,931
Propertyandequipment,net .............................................45,095 37,485
Licenses,net of current portion. ..........................................49,661 60,623
Software development, net of current portion..............................33,766 17,236
Income taxesreceivable, net of currentportion .............................2,163 10,273
Deferred income taxes..................................................15,812 —
Goodwill ..............................................................88,688 90,872
Otherlong-termassets, net..............................................18,750 23,048
TOTAL ASSETS ...................................................$1,013,541 $848,468
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable.....................................................$28,225 $34,871
Accruedandother current liabilities....................................143,418 110,924
Deferred incometaxes................................................25,647 3,578
Totalcurrentliabilities ..............................................197,290 149,373
Otherlong-termliabilities...............................................47,294 60,323
Deferred income taxes, netof currentportion..............................—9,681
Commitments andcontingencies..........................................——
Minority interest........................................................—1,340
Stockholders’ equity:
Preferred stock, par value $0.01, 1,000,000 shares authorized .................——
Common stock, par value $0.01, 75,000,000 shares authorized; 66,677,721 and
64,140,977 shares issued andoutstandingas of March 31,2007 and 2006,
respectively ........................................................667642
Additional paid-incapital. .............................................471,332 405,425
Accumulatedothercomprehensive income..............................17,603 10,367
Retained earnings ....................................................279,355 211,317
Totalstockholders’ equity ...........................................768,957 627,751
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY...............$1,013,541 $848,468