Compuware Corporation and Subsidiaries
Consolidated Financial Statements
Consolidated Balance Sheets
AS OF MARCH 31, 2001 AND 2000
(In Thousands, Except Share Data)
|

|

ASSETS |
 |

NOTES
|
 |
2001
|

|

2000
|
 |

|
CURRENT ASSETS:
Cash and cash equivalents |
 |
|
$ 53,340
|
|
$ 30,480
|
| Investments |
3
|
185,176
|
|
157,030
|
Accounts receivable, less allowance for doubtful
accounts of $21,267 and $15,466 |
|
705,546
|
|
728,629
|
| Deferred tax asset, net |
9
|
32,011
|
|
24,346
|
Income taxes refundable |
|
10,028
|
|
22,125
|
| Prepaid expenses and other current assets |
|
17,635
|
|
25,248
|

|

|

|
Total current assets |
|
1,003,736
|
|
987,858
|

|

|

|
INVESTMENTS |
3
|
16,488
|
|
78,944
|

|

|

|
PROPERTY AND EQUIPMENT, LESS ACCUMULATED DEPRECIATION AND AMORTIZATION |
4
|
125,800
|
|
114,409
|

|

|

|
CAPITALIZED SOFTWARE, LESS ACCUMULATED AMORTIZATION OF $137,530 AND $109,405 |
|
87,781
|
|
98,464
|

|

|

|
OTHER: Accounts receivable |
|
356,431
|
|
399,911
|
Excess of cost of investment over fair value of net assets acquired, less accumulated amortization of $81,246 and $39,944 |
2
|
631,609
|
|
659,391
|
| Other assets |
|
57,529
|
|
76,930
|

|

|

|
Total other assets |
|
1,045,569
|
|
1,136,232
|

|

|

|
TOTAL ASSETS
|
|
$ 2,279,374
|
|
$ 2,415,907
|

|

|

|

|

|

|

|

|

|

|

|

|
| See notes to consolidated financial statements. |

| |
|

|
| LIABILITIES AND SHAREHOLDERS' EQUITY |

|
NOTES
|
 |
2001
|

|
2000
|

|

|
CURRENT LIABILITIES:
Accounts payable |

|
|

$ 39,846
|
|
$ 67,173
|
Accrued expenses |
|
127,854
|
|
135,129
|
Accrued bonuses and commissions |
|
50,093
|
|
64,153
|
Deferred revenue |
|
351,041
|
|
329,602
|

|

|

|
Total current liabilities |
|
568,834
|
|
596,057
|
LONG TERM DEBT
|
5
|
140,000
|
|
450,000
|
DEFERRED REVENUE
|
|
172,367
|
|
152,947
|
DEFERRED INCOME TAXES
|
9
|
20,801
|
|
13,031
|

|

|

|
Total liabilities |
|
902,002
|
|
1,212,035
|

|

|

|
SHAREHOLDERS' EQUITY: Preferred stock, no par value - authorized 5,000,000 shares
|
6
|
|
|
|
Common stock, $.01 par value - authorized 1,600,000,000 shares; issued and outstanding 369,816,432 and 361,621,234 shares in 2001 and 2000, respectively
|
7
|
3,698
|
|
3,616
|
Additional paid-in capital
|
7
|
620,743
|
|
556,150
|
Retained earnings
|
|
774,059
|
|
654,976
|
Accumulated other comprehensive toss
|
|
(21,128
|
)
|
(10,870)
|

|

|

|
Total shareholders' equity |
|
1,377,372
|
|
1,203,872
|

|

|

|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
|
$ 2,279,374
|
|
$ 2,415,907
|

|

|

|

|

|

|

|

|

|

|

|

|
|