Name: Take-Two Interactive Software Inc. (NASDAQ:TTWO) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Take-Two Interactive Software Inc., consolidated balance sheet: assets

US$ in thousands

	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash and cash equivalents	1,456,100)	754,000)	827,400)	1,732,047)	1,422,884)	1,357,664)
Short-term investments	9,400)	22,000)	187,000)	820,060)	1,308,692)	644,003)
Restricted cash and cash equivalents	14,900)	252,100)	307,600)	359,832)	538,822)	546,604)
Accounts receivable, net of allowances	771,100)	679,700)	763,200)	579,433)	552,762)	592,555)
Software development costs and licenses	80,800)	88,300)	65,900)	81,394)	43,443)	40,316)
Contract assets	80,800)	85,000)	79,900)	104,900)	—)	—)
Prepaid expenses and other	402,800)	378,600)	277,100)	193,422)	353,912)	312,209)
Current assets	2,815,900)	2,259,700)	2,508,100)	3,871,088)	4,220,515)	3,493,351)
Fixed assets, net	443,800)	411,100)	402,800)	242,039)	149,364)	131,888)
Operating lease right-of-use assets	326,100)	325,700)	282,700)	217,206)	164,763)	154,284)
Software development costs and licenses, net of current portion	1,892,600)	1,446,500)	1,072,200)	755,888)	490,892)	401,778)
Goodwill	1,057,300)	4,426,400)	6,767,100)	674,554)	535,306)	386,494)
Other intangibles, net	2,336,000)	3,060,600)	4,453,200)	266,475)	121,591)	51,260)
Deferred tax assets	100)	1,900)	44,800)	73,801)	90,206)	116,676)
Long-term restricted cash and cash equivalents	88,200)	95,900)	99,600)	103,452)	98,541)	89,124)
Other assets	220,700)	189,100)	231,600)	341,716)	157,040)	123,977)
Non-current assets	6,364,800)	9,957,200)	13,354,000)	2,675,131)	1,807,703)	1,455,481)
Total assets	9,180,700)	12,216,900)	15,862,100)	6,546,219)	6,028,218)	4,948,832)

Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).

The total asset base of the organization experienced significant volatility between 2020 and 2025. After a period of steady growth from 2020 to 2022, total assets peaked in 2023 at 15.86 billion US dollars, followed by a substantial contraction to 9.18 billion US dollars by March 31, 2025. This trajectory is primarily driven by the recognition and subsequent reduction of intangible assets and goodwill.

Liquidity and Short-Term Asset Management: Current assets exhibited a downward trend from a peak of 4.22 billion US dollars in 2021 to 2.82 billion US dollars in 2025. A critical observation is the depletion of short-term investments, which fell from 1.31 billion US dollars in 2021 to 9.4 million US dollars in 2025. While cash and cash equivalents showed a recovery to 1.46 billion US dollars in 2025 after a dip in 2023 and 2024, the overall liquidity profile has shifted away from interest-bearing short-term instruments toward immediate cash holdings. Accounts receivable have trended upward, rising from 592.6 million US dollars in 2020 to 771.1 million US dollars in 2025, suggesting an increase in credit sales or longer collection cycles.
Capitalization of Software and Long-Term Investments: There is a consistent and aggressive upward trend in the capitalization of software development costs and licenses. Non-current software costs grew from 401.8 million US dollars in 2020 to 1.89 billion US dollars in 2025. This indicates a strategic prioritization of long-term intellectual property development and a substantial investment in the future product pipeline. Fixed assets also showed steady growth, increasing from 131.9 million US dollars in 2020 to 443.8 million US dollars in 2025, reflecting expanded physical infrastructure.
Goodwill and Intangible Asset Volatility: The most significant fluctuation in the balance sheet occurs within goodwill and other intangibles. In 2023, goodwill surged to 6.77 billion US dollars and other intangibles to 4.45 billion US dollars, indicating a major acquisition event. However, these values declined sharply in subsequent years, with goodwill falling to 1.06 billion US dollars and other intangibles to 2.34 billion US dollars by 2025. This rapid decrease suggests significant impairment charges or a strategic restructuring of acquired assets.
Other Asset Trends: Deferred tax assets have undergone a near-total erosion, dropping from 116.7 million US dollars in 2020 to 100 thousand US dollars in 2025. Restricted cash and cash equivalents have also seen a marked decline, particularly the current portion, which fell from 546.6 million US dollars in 2020 to 14.9 million US dollars in 2025, indicating a release of previously constrained funds.

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