Compuware Annual Report 2001

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












  See notes to consolidated financial statements.