Plantronics 2014 Annual Report Download - page 55

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43
PLANTRONICS, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
March 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents $ 232,704 $ 228,776
Short-term investments 102,717 116,581
Accounts receivable, net 138,301 128,209
Inventory, net 57,132 67,435
Deferred tax assets 11,776 10,120
Other current assets 13,657 15,369
Total current assets 556,287 566,490
Long-term investments 100,342 80,261
Property, plant, and equipment, net 134,402 99,111
Goodwill and purchased intangibles, net 16,165 16,440
Other assets 4,619 2,303
Total assets $ 811,815 $ 764,605
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 30,756 $ 37,067
Accrued liabilities 66,851 66,419
Total current liabilities 97,607 103,486
Deferred tax liabilities — 1,742
Long-term income taxes payable 12,719 12,005
Other long-term liabilities 2,825 925
Total liabilities 113,151 118,158
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock, $0.01 par value per share; 1,000 shares authorized, no shares outstanding — —
Common stock, $0.01 par value per share; 100,000 shares authorized, 44,731 shares and 43,296
shares issued at 2014 and 2013, respectively 770 757
Additional paid-in capital 663,483 612,283
Accumulated other comprehensive income 2,638 5,567
Retained earnings 123,389 28,344
Total stockholders' equity before treasury stock 790,280 646,951
Less: Treasury stock (common: 2,082 shares and 13 shares at 2014 and 2013, respectively) at
cost (91,616)(504)
Total stockholders' equity 698,664 646,447
Total liabilities and stockholders' equity $ 811,815 $ 764,605
The accompanying notes are an integral part of these consolidated financial statements.