THQ 2008 Annual Report Download - page 64
Download and view the complete annual report
Please find page 64 of the 2008 THQ annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
 |
 |
THQ INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
March 31, March 31,
2008 2007
ASSETS
Current assets:
Cash and cash equivalents .................................... $ 247,820 $ 174,748
Short-term investments ...................................... 69,684 283,210
Cash, cash equivalents and short-term investments ................. 317,504 457,958
Accounts receivable, net of allowances ........................... 112,843 67,586
Inventory ................................................ 38,240 27,381
Licenses ................................................. 47,182 41,406
Software development ....................................... 155,821 130,512
Income taxes receivable ...................................... — 18,525
Prepaid expenses and other current assets ......................... 24,487 16,238
Total current assets ....................................... 696,077 759,606
Property and equipment, net .................................... 50,465 45,095
Licenses, net of current portion .................................. 39,597 49,661
Software development, net of current portion ........................ 25,369 33,766
Income taxes receivable, net of current portion ....................... 16,116 2,163
Deferred income taxes ........................................ 61,710 15,812
Goodwill .................................................. 122,385 88,688
Long-term investments ........................................ 52,599 —
Other long-term assets, net ..................................... 20,002 18,750
TOTAL ASSETS ......................................... $1,084,320 $1,013,541
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .......................................... $ 61,700 $ 28,225
Accrued and other current liabilities ............................. 202,102 143,418
Income taxes payable ........................................ 6,504 —
Deferred income taxes ....................................... 29,266 25,647
Total current liabilities ..................................... 299,572 197,290
Other long-term liabilities ...................................... 44,179 47,294
Commitments and contingencies ................................. — —
Stockholders’ equity:
Preferred stock, par value $0.01, 1,000,000 shares authorized ........... — —
Common stock, par value $0.01, 225,000,000 shares authorized as of
March 31, 2008; 66,352,994 and 66,677,721 shares issued and outstanding
as of March 31, 2008 and 2007, respectively ...................... 664 667
Additional paid-in capital ..................................... 468,693 471,332
Accumulated other comprehensive income ........................ 27,194 17,603
Retained earnings .......................................... 244,018 279,355
Total stockholders’ equity ................................... 740,569 768,957
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ........... $1,084,320 $1,013,541
See notes to consolidated financial statements.
56