Qrtrly Rpt - Balance Sheet
CHECKFREE HOLDINGS CORPORATION AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
JUNE 30, MARCH 31,
1998 1999
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(IN THOUSANDS, EXCEPT
SHARE DATA)
ASSETS
Current assets:
Cash and cash equivalents................................. $ 36,535 $ 16,199
Investments............................................... 24,533 9,425
Accounts receivable, net.................................. 32,960 45,695
Assets held for sale...................................... 15,881 --
Notes receivable.......................................... 14,882 15,390
Prepaid expenses.......................................... 4,678 6,461
Deferred income taxes..................................... 7,231 10,160
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Total current assets.............................. 136,700 103,330
Property and equipment, net............................... 50,920 58,087
Capitalized software, net................................. 11,387 17,955
Intangible assets, net.................................... 30,474 47,173
Investments............................................... 1,006 --
Deferred income taxes..................................... 12,889 17,505
Other noncurrent assets................................... 6,736 6,640
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Total............................................. $ 250,112 $ 250,690
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable.......................................... $ 8,536 $ 7,704
Accrued liabilities and other............................. 30,365 26,373
Current portion of long-term obligations.................. 1,180 1,072
Deferred revenue.......................................... 19,710 23,708
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Total current liabilities......................... 59,791 58,857
Long-term obligations -- less current portion............. 6,467 6,616
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Total liabilities................................. 66,258 65,473
Commitments and contingencies
Stockholders' equity:
Preferred stock -- 15,000,000 authorized shares, $.01 par
value; no shares issued or outstanding................. -- --
Common stock -- 150,000,000 authorized shares, $.01 par
value; issued 56,364,839 shares, 57,219,744 shares;
outstanding 56,364,839 shares, 51,670,363 shares....... 564 517
Additional paid-in capital................................ 492,109 479,558
Treasury stock -- at cost, 963,295 shares, no shares...... (4,362) --
Accumulated deficit....................................... (304,457) (294,858)
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Total stockholders' equity........................ 183,854 185,217
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Total............................................. $ 250,112 $ 250,690
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