3Ware 2001 Annual Report Download - page 17

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S E L E C T E D C O N S O L I D A T E D F I N A N C I A L D ATA
C O N D E N S E D C O N S O L I D A T E D B A L A N C E S H E E T S
March 31,
(in thousands) 1997 1998 1999 2000 2001
Assets
Current assets:
Cash, cash equivalents and short-term investments . . . . $13,597 $ 67,896 $ 86,540 $ 954,551 $1,132,093
Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . 8,418 12,179 19,275 25,459 83,892
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,530 8,185 9,813 10,925 32,740
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . — 3,882 4,573 4,148 27,597
Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 698 2,384 4,819 10,321 24,775
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . 30,243 94,526 125,020 1,005,404 1,301,097
Property and equipment, net . . . . . . . . . . . . . . . . . . . . . . . 10,768 17,218 23,128 37,842 112,953
Purchased intangibles, net . . . . . . . . . . . . . . . . . . . . . . . . . — — — — 4,008,440
Strategic equity and convertible debt investments . . . . . . . . — — — — 28,023
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 803 1,090 2,507 3,636 2,765
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $41,814 $112,834 $150,655 $1,046,882 $5,453,278
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,428 $ 5,215 $ 5,131 $ 8,818 $ 38,069
Other current liabilities . . . . . . . . . . . . . . . . . . . . . . . . 5,789 9,274 13,335 16,842 53,538
Current portion of long-term debt
and capital lease obligations . . . . . . . . . . . . . . . . . . 2,662 2,620 2,937 2,123 1,264
Total current liabilities . . . . . . . . . . . . . . . . . . . 10,879 17,109 21,403 27,783 92,871
Long-term debt and capital lease obligations,
less current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,192 4,091 7,558 5,294 2,266
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — 120,040
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,743 91,634 121,694 1,013,805 5,238,101
Total liabilities and stockholders’ equity . . . . . . . . . . . . $41,814 $112,834 $150,655 $1,046,882 $5,453,278
O T H E R F I N A N C I A L I N F O R M AT I O N
March 31,
(in thousands, except percentages and employee data) 1997 1998 1999 2000 2001
Statements of Operations:
Revenue growth year over year . . . . . . . . . . . . . . . . . . . . . . 14% 33% 37% 64% 153%
Capital depreciation and amortization . . . . . . . . . . . . . . . . $ 5,185 $ 5,174 $ 7,045 $ 8,039 $ 16,135
% of revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9% 7% 7% 5% 4%
Amortization of purchased intangibles . . . . . . . . . . . . . . . . — — — — $ 308,835
Amortization of stock-based compensation
related to acquired companies . . . . . . . . . . . . . . . . . . . . — — $ 701 $ 452 $ 79,730
EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $12,189 $ 20,052 $ 31,821 $ 69,770 $ 166,360
Balance Sheets:
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $19,364 $ 77,417 $103,617 $ 977,621 $1,208,226
Total long-term debt and capital lease obligations . . . . . . . $ 5,854 $ 6,711 $ 10,495 $ 7,417 $ 3,530
Total long-term debt and capital lease obligations
to equity ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21% 7% 9% 1% —%
Additions to property, plant and equipment . . . . . . . . . . . . $ 4,055 $ 11,624 $ 16,490 $ 22,753 $ 78,217
% of revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7% 15% 16% 13% 18%
Number of employees at end of year . . . . . . . . . . . . . . . . . 256 320 361 477 1,169