THQ 2010 Annual Report Download - page 51

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43
TH Q INC. AND SU B S IDI A RI E S
CONS OLI DATE D BAL ANC E S H E E TS
(In thousands, ex cept share data)
March 31,
2010
March 31,
2009
A S S E T S
Current assets:
Cash and cash equivalents........................................................................................... $188,378 $131,858
Short-term investments .................................................................................................. 82,941 8,804
Cash, cash equivalents and short-term investments ............................................. 271,319 140,662
Short-term investments, pledged.................................................................................. 22,774 —
Accounts receivable, net of allowances ...................................................................... 41,318 60,444
Inventory .......................................................................................................................... 13,970 25,785
Licenses ........................................................................................................................... 56,555 45,025
Software development ................................................................................................... 132,223 137,820
Deferred income taxes ................................................................................................... 5,590 6,112
Income taxes receivable ................................................................................................ 4,914 903
Prepaid expenses and other current assets............................................................... 13,864 27,441
Total current assets .................................................................................................... 562,527 444,192
Property and equipment, net ............................................................................................ 28,374 33,511
Licenses, net of current portion ........................................................................................ 83,752 47,875
Software development, net of current portion ................................................................ 26,792 24,647
Deferred income taxes ....................................................................................................... 433 1,982
Long-term investments....................................................................................................... 1,851 5,025
Long-term investments, pledged...................................................................................... — 30,618
Other long-term assets, net............................................................................................... 10,600 10,479
TOT AL A S S E T S
..................................................................................................... $714,329 $598,329
LI A B ILI TI E S AN D E QUIT Y
Current liabilities:
Accounts payable ........................................................................................................... $40,305 $40,088
Accrued and other current liabilities ............................................................................. 137,332 190,140
Secured credit lines ........................................................................................................ 13,249 24,360
Total current liabilities ................................................................................................. 190,886 254,588
Other long-term liabilities.................................................................................................... 98,825 33,503
Convertible senior notes .................................................................................................... 100,000 —
Commitments and contingencies (see Note 21)
THQ Inc. 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, 2010; 67,729,952 and 67,471,659 shares issued and outstanding
as of March 31, 2010 and March 31, 2009, respectively...................................... 677 675
Additional paid-in capital................................................................................................ 511,922 495,851
Accumulated other comprehensive income (loss)...................................................... 7,867 (2,392)
Accumulated deficit ........................................................................................................ (196,111) (187,094)
Total THQ Inc. stockholders’ equity .......................................................................... 324,355 307,040
Noncontrolling interest ....................................................................................................... 263 3,198
Total equity .................................................................................................................. 324,618 310,238
TOT AL LI A B ILITI E S AN D E QU ITY
................................................................. $714,329 $598,329
See notes to consolidated financial statements.