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43
THQ INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share data)
March 31,
2012
March 31,
2011
ASSETS
Current assets:
Cash and cash e
q
uivalents $ 75,977 $ 85,603
Accounts receivable, net of allowances 15,994 161,574
Inventor
y
18,485 31,905
Licenses 21,927 32,869
Software develo
p
ment 105,220 222,631
Deferred income taxes 5,732 8,200
Income taxes receivable 687
—
Pre
p
aid ex
p
enses and other current assets 46,011 56,908
Total current assets 290,033 599,690
Pro
p
ert
y
and e
q
ui
p
ment, net 22,132 28,960
Licenses, net of current
p
ortion 42,594 85,367
Software develo
p
ment, net of current
p
ortion 25,348 49,858
Deferred income taxes
—
516
Other lon
g
-term assets, net 12,687 10,014
TOTAL ASSETS $ 392,794 $ 774,405
LIABILITIES AND
(
DEFICIT
)
EQUITY
Current liabilities:
Accounts
p
a
y
able $ 42,905 $ 100,550
Accrued and other current liabilities 83,693 137,922
Deferred revenue, net 144,686 141,060
Total current liabilities 271,284 379,532
Other lon
g
-term liabilities 53,837 88,042
Convertible senior notes 100,000 100,000
Commitments and Contin
g
encies
(
see Note 19
)
Stockholders'
(
deficit
)
e
q
uit
y
:
Preferred stock,
p
ar value $0.01, 1,000,000 shares authorize
d
—
—
Common stock, par value $0.01, 225,000,000 shares authorized as of March 31, 2012;
68,512,885 and 68,300,482 shares issued and outstanding as of March 31, 2012 and March 31,
2011, res
p
ectivel
y
685 683
Additional
p
ai
d
-in ca
p
ital 525,677 520,797
Accumulated other com
p
rehensive income 16,026 17,560
Accumulated deficit
(
574,715
)
(
332,209
)
Total stockholders'
(
deficit
)
e
q
uit
y
(
32,327
)
206,831
TOTAL LIABILITIES AND
(
DEFICIT
)
EQUITY $ 392,794 $ 774,405
See notes to consolidated financial statements.