Blizzard 2003 Annual Report Download - page 28

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page 26
Consolidated Balance Sheets
March 31, March 31,
(In thousands, except share data) 2003 2002
Assets
Current assets:
Cash and cash equivalents $ 285,554 $279,007
Short-term investments 121,400 —
Accounts receivable, net of allowances of $57,356 and $42,019
at March 31, 2003 and 2002, respectively 15,822 76,733
Inventories 19,577 20,736
Software development 26,791 36,263
Intellectual property licenses 8,906 6,326
Deferred income taxes 38,290 22,608
Other current assets 10,565 15,200
Total current assets 526,905 456,873
Software development 35,281 3,254
Intellectual property licenses 36,943 10,899
Property and equipment, net 22,265 17,832
Deferred income taxes 10,322 28,795
Other assets 5,081 3,242
Goodwill 68,019 35,992
Total assets $ 704,816 $556,887
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of long-term debt $ 147 $ 168
Accounts payable 45,602 64,410
Accrued expenses 58,656 59,096
Total current liabilities 104,405 123,674
Long-term debt, less current portion 2,671 3,122
Total liabilities 107,076 126,796
Commitments and contingencies (Note 13)
Shareholders’ equity:
Preferred stock, $.000001 par value, 3,750,000 shares authorized,
no shares issued at March 31, 2003 and 2002 ——
Series A Junior Preferred stock, $.000001 par value, 1,250,000 shares
authorized, no shares issued at March 31, 2003 and 2002 ——
Common stock, $.000001 par value, 125,000,000 shares authorized,
107,372,727 and 91,551,395 shares issued and 90,084,245 and
85,058,256 shares outstanding at March 31, 2003 and 2002,
respectively ——
Additional paid-in capital 592,295 397,528
Retained earnings 130,564 64,384
Less: Treasury stock, at cost, 17,288,482 and 6,493,139 shares
as of March 31, 2003 and 2002, respectively (121,685) (20,323)
Accumulated other comprehensive loss (3,434) (11,498)
Total shareholders’ equity 597,740 430,091
Total liabilities and shareholders’ equity $ 704,816 $556,887
The accompanying notes are an integral part of these consolidated financial statements.