AFFILIATED COMPUTER SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)
June 30,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents
$ 51,170
$ 33,814
Accounts receivable, net
835,478
736,471
Inventory
6,245
9,740
Prepaid expenses and other current assets
86,605
94,464
Total current assets
979,498
874,489
Property, equipment and software, net
478,212
394,830
Goodwill
1,905,878
1,846,482
Other intangibles, net
265,091
234,287
Other assets
70,026
53,479
Total assets
$ 3,698,705
$ 3,403,567
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable
$ 58,376
$ 72,858
Accrued compensation and benefits
132,027
125,290
Other accrued liabilities
272,578
210,003
Income taxes payable
17,057
20,452
Deferred taxes
26,054
7,344
Current portion of long term debt
1,764
1,330
Current portion of unearned revenue
49,620
48,636
Total current liabilities
557,476
485,913
Convertible notes
316,990
316,990
Long term debt
181,350
391,243
Deferred taxes
176,484
95,394
Other long term liabilities
37,217
18,607
Total liabilities
1,269,517
1,308,147
Commitments and contingencies (See Notes 14 and 19)
Stockholders equity:
Class A common stock, $.01 par value, 500,000 shares authorized,
126,607 and 125,424 shares outstanding, respectively
1,266
1,254
Class B common stock, $.01 par value, 14,000 shares authorized,
6,600 shares outstanding
66
66
Additional paid in capital
1,358,418
1,330,533
Accumulated other comprehensive income, net
(971)
Retained earnings
1,070,409
763,567
Total stockholders equity
2,429,188
2,095,420
Total liabilities and stockholders equity
$ 3,698,705
$ 3,403,567
The accompanying notes are an integral part of these consolidated financial statements.
32