ADD to BW1173 -- ACCLAIM ENTERTAINMENT.GLEN COVE Glen Cove, city (1990 pop. 24,149), Nassau co., SE N.Y., on the north shore of Long Island, at the entrance to Hempstead Harbor; settled 1668, inc. as a city 1918. , N.Y.--(BUSINESS WIRE)--July 11, 1997-- ADD to BW1173 (ACCLAIM-ENTERTAINMENT), Acclaim Entertainment Reports Results for FY 1997 Third Quarter. The Condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. Consolidated Balance Sheets consolidated balance sheet A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm. follow: -0-
Acclaim Entertainment Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in 000s, except per share data)
May 31, Aug. 31,
1997 1996
Assets
Current Assets
Cash and cash equivalents $46,043 $18,814
Marketable equity securities ------ 11,278
Accounts receivable - net 23,740 20,478
Inventories 3,626 8,052
Other current assets 14,853 72,847
Total Current Assets 88,262 131,469
Other Assets 71,665 108,182
Total Assets $159,927 $239,651
Liabilities and Stockholders' Equity
Current Liabilities
Trade accounts payable $18,044 $29,749
Short-term borrowings 5,550 5,321
Other current liabilities 88,870 106,438
Total Current Liabilities 112,464 141,508
Long-Term Liabilities
Other long-term liabilities 55,364 4,032
Total Liabilities 167,828 145,540
Minority Interest (714) 522
Stockholders' (Deficiency) Equity
Common stock 1,002 1,001
Additional paid in capital 172,514 165,782
Accumulated deficit (176,188) (70,642)
Treasury stock (2,904) (1,813)
Foreign currency translation adjustment (1,611) (754)
Unrealized gain on marketable equity
securities ---- 15
Total Stockholders' (Deficiency) Equity (7,187) 93,589
Total Liabilities and Stockholders'
(Deficiency) Equity $159,927 $239,651
CONTACT: Acclaim Entertainment, Glen Cove Kathryn Morris Kathryn Morris (born January 28, 1969) is an American actress, perhaps best known for her lead role in the CBS series Cold Case. Biography Career Her first role was a minor part in the 1991 telemovie Long Road Home. or J. Mark Hattendorf, 516/656-5000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion