THQ 2006 Annual Report Download - page 58
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See notes to consolidated financial statements.
50
THQ INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
March 31,
2006
March 31,
2005
ASSETS
Current assets:
Cash and cash equivalents ............................................... $91,517 $98,175
Short-terminvestments ................................................. 280,120 232,998
Cash, cash equivalents and short-term investments....................... 371,637331,173
Accounts receivable, net of allowances.................................... 78,876 73,700
Inventory ............................................................. 28,620 23,802
Licenses .............................................................. 20,849 12,464
Software development.................................................. 91,843 57,107
Income taxesreceivable................................................. 6,832 9,783
Prepaid expenses and othercurrent assets ................................. 12,420 14,530
Totalcurrent assets................................................... 611,077 522,559
Property and equipment, net............................................... 37,485 26,822
Licenses, netof current portion ............................................ 60,623 75,523
Software development, net of current portion ................................ 17,236 8,144
Income taxes receivable, net of current portion. .............................. 10,273 9,513
Goodwill................................................................ 90,872 83,440
Other long-term assets, net................................................ 23,048 21,392
TOTAL ASSETS ..................................................... $850,614 $747,393
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ...................................................... $34,871 $36,49 9
Accrued andother current liabilities...................................... 109,42177,532
Deferred income taxes .................................................. 3,5786,841
Totalcurrent liabilities. ............................................... 147,870 120,872
Other long-term liabilities................................................. 60,323 72,059
Deferred income taxes, net of current portion................................ 10,272 4,466
Commitments and contingencies ........................................... ——
Minority interest......................................................... 1,340 1,238
Stockholders’ equity:
Preferred stock, par value $0.01, 1,000,000 shares authorized................ ——
Common stock, par value $0.01, 75,000,000 shares authorized; 64,140,977 and
60,689,622 shares issued and outstanding as of March 31, 2006and 2005,
respectively.......................................................... 642 607
Additional paid-in capital............................................... 397,693347,462
Accumulated other comprehensiveincome................................ 10,367 12,851
Retained earnings ...................................................... 222,107 187,838
Total stockholders’ equity............................................. 630,809548,758
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ................ $850,614 $747,393