3Ware 2002 Annual Report Download - page 56

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APPLIED MICRO CIRCUITS CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
March 31,
2001 2002
Assets
Current assets:
Cash and cash equivalents ........................................... $ 58,197 $ 335,592
Short-term investments—available-for-sale ............................. 1,073,896 723,117
Accounts receivable, net of allowance for doubtful accounts of $4,575 and
$5,357 at March 31, 2001 and 2002, respectively ....................... 83,892 14,191
Inventories ....................................................... 32,740 16,608
Deferred income taxes .............................................. 27,597 —
Other current assets ................................................ 24,775 27,653
Total current assets ............................................ 1,301,097 1,117,161
Property and equipment, net ............................................. 112,953 106,412
Goodwill and purchased intangibles, net .................................... 4,008,440 590,610
Strategic equity investments ............................................. 28,023 14,523
Other assets .......................................................... 2,765 487
Total assets ................................................... $5,453,278 $ 1,829,193
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable .................................................. $ 38,069 $ 18,378
Accrued payroll and related expenses .................................. 17,868 9,812
Other accrued liabilities ............................................. 30,583 25,246
Deferred revenue .................................................. 5,087 2,223
Current portion of long-term debt and capital lease obligations .............. 1,264 1,138
Total current liabilities .......................................... 92,871 56,797
Long-term debt and capital lease obligations, less current portion ................ 2,266 1,145
Deferred income taxes .................................................. 120,040 —
Commitments and contingencies (Notes 9 and 12)
Stockholders’ equity: ...................................................
Preferred stock, $0.01 par value:
Authorized shares—2,000, none issued and outstanding ................... — —
Common stock, $0.01 par value:
Authorized shares—630,000 at March 31, 2002
Issued and outstanding shares—299,822 and 300,468 at March 31, 2001 and
2002, respectively ............................................... 2,998 3,005
Additional paid-in capital ........................................... 5,947,682 5,907,754
Deferred compensation, net .......................................... (348,894) (170,538)
Accumulated other comprehensive income .............................. 2,438 2,843
Accumulated deficit ................................................ (366,076) (3,971,766)
Notes receivable from stockholders .................................... (47) (47)
Total stockholders’ equity ....................................... 5,238,101 1,771,251
Total liabilities and stockholders’ equity ............................ $5,453,278 $ 1,829,193
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