look like cs just released report - or is it a day old from edgar:
FISCAL YEAR ENDED
------------------------------------------------------------------------
Balance Sheet Data: February 28, February 28, February 28, February 29, February 28,
(in thousands) 1999 1998 1997 1996 1995
------------ ------------ ------------ ------------ ------------
(Restated) (Restated)
Working capital $370,945 $593,046 $679,056 $485,152 $381,758
Total assets 1,566,500 1,682,048 1,310,809 996,908 702,200
Stockholders' equity 1,089,833 1,085,075 1,085,452 809,886 593,942
CABLETRON SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
February 28, 1999 and 1998
(in thousands, except per share amounts)
Assets 1999 1998
----------- -----------
(Restated)
Current assets:
Cash and cash equivalents $ 159,422 $ 207,078
Short-term investments (note 4) 113,932 116,979
Accounts receivable, net of allowance for
doubtful accounts ($23,260 and $21,043 in 1999
and 1998, respectively) 216,793 241,181
Inventories (note 5) 229,512 309,667
Deferred income taxes (note 11) 60,252 81,161
Prepaid expenses and other assets 60,510 89,396
---------- ----------
Total current assets 840,421 1,045,462
---------- ----------
Long-term investments (note 4) 202,984 123,272
Long-term deferred income taxes (note 11) 135,197 107,094
Property, plant and equipment, net (note 6) 188,479 244,730
Intangible assets, net (note 7) 199,419 161,490
---------- ----------
Total assets $1,566,500 $1,682,048
========== ==========
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 121,580 $ 79,969
Current portion of long-term obligation (note 9) 129,747 157,719
Accrued expenses (note 8) 218,149 214,728
---------- ----------
Total current liabilities 469,476 452,416
Long-term obligation (note 9) --- 132,500
Long-term deferred income taxes (note 11) 7,191 12,057
---------- ----------
Total liabilities 476,667 596,973
---------- ----------
Commitments and contingencies (notes 10 and 12)
Stockholders' equity (note 15):
Preferred stock, $1.00 par value. Authorized
2,000 shares; none issued --- ---
Common stock, $0.01 par value. Authorized
240,000 shares; issued and outstanding 172,184
and 158,267 shares in 1999 and 1998, respectively 1,722 1,583
Additional paid-in capital 551,232 300,834
Retained earnings 536,487 781,878
---------- ----------
1,089,441 1,084,295
Accumulated other comprehensive income 392 780
---------- ----------
Total stockholders' equity 1,089,833 1,085,075
---------- ----------
Total liabilities and stockholders' equity $1,566,500 $1,682,048
========== ==========
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