THQ 2004 Annual Report Download - page 33

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BALANCE SHEET DATA
(In thousands)
March 31, Transition December 31,
2004 2003 2003 2002 2001 2000 1999
Working capital $ 309,633 $ 286,899 $ 286,899 $ 320,588 $ 319,605 $ 110,269 $ 91,860
Total assets $ 527,151 $ 472,949 $ 472,949 $ 537,860 $ 487,966 $ 229,949 $ 184,057
Lines of credit $ — $ — $ — $ — $ — $ 15,473 $ 16,702
Stockholders’ equity $ 438,592 $ 396,413 $ 396,413 $ 408,866 $ 398,862 $ 132,125 $ 108,306
Notes:
The table above reflects the May 1999 pooling of interests with PCP&L, the December 1999 pooling of interests with Genetic Anomalies, and the August 2000 pooling of interests
with Volition. All prior period information has been restated accordingly.
(a) Net income includes a $4.0 million benefit for a settlement of dispute with directors’ and officers’ insurance carrier.
(b) Net income includes a charge of $1.8 million due to the other than temporary impairment of our investment in Yuke’s Co., Ltd. (See – “Note 8 – Other Long-Term Assets”).
We also changed our fiscal year end from December 31 to March 31, effective January 1, 2003.
(c) Net income includes a charge of $7.9 million, net of tax for the cancellation of 20 SKUs as well as a charge of $4.6 million, net of tax related to the settlement of a class action
lawsuit and a charge of $1.1 million, net of tax related to the write-off of inventory and software development for “WWF”-branded games that we had been prevented from shipping
pursuant to an action by the World Wide Fund for Nature against World Wrestling Entertainment, Inc. and a charge of $2.8 million, net of tax related to the discontinuation of our
online joint venture in the United Kingdom (Network Interactive Sports, Ltd.).
(d) Net income includes a charge of $5.9 million, net of tax related to a regular asset impairment review and also as a result of changing technology in the video game market.
The charge consisted of costs associated with software development and related costs for products that had been discontinued or whose values were deemed unrecoverable through
future undiscounted cash flows.
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THQ : 2004 : ANNUAL REPORT