3Ware 2003 Annual Report Download - page 58

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APPLIED MICRO CIRCUITS CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
March 31,
2002 2003
Assets
Current assets:
Cash and cash equivalents .......................................... $ 335,592 $ 150,556
Short-term investments—available-for-sale ............................. 723,117 885,584
Accounts receivable ............................................... 14,191 5,634
Inventories ...................................................... 16,608 7,178
Other current assets ............................................... 27,653 24,592
Total current assets ............................................ 1,117,161 1,073,544
Property and equipment, net ............................................. 106,412 62,035
Goodwill and purchased intangibles, net ................................... 590,610 88,219
Strategic equity investments ............................................. 14,523 —
Other assets .......................................................... 487 759
Total assets .................................................. $1,829,193 $ 1,224,557
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ................................................. $ 18,378 $ 12,689
Accrued payroll and related expenses ................................. 9,812 7,760
Other accrued liabilities ............................................ 25,246 26,981
Deferred revenue ................................................. 2,223 3,674
Current portion of long-term debt and capital lease obligations ............. 1,138 1,265
Total current liabilities ......................................... 56,797 52,369
Long-term debt and capital lease obligations, less current portion ............... 1,145 —
Commitments and contingencies (Notes 8 and 11)
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, 2003
Issued and outstanding shares—300,468 and 303,751 at March 31, 2002
and 2003, respectively ........................................... 3,005 3,038
Additional paid-in capital ........................................... 5,907,754 5,908,063
Deferred compensation, net ......................................... (170,538) (30,406)
Accumulated other comprehensive income ............................. 2,843 8,800
Accumulated deficit ............................................... (3,971,766) (4,717,307)
Notes receivable from stockholders ................................... (47) —
Total stockholders’ equity ...................................... 1,771,251 1,172,188
Total liabilities and stockholders’ equity ........................... $1,829,193 $ 1,224,557
See accompanying notes.
F-3