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.

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 financial data reflects several notable trends across the periods presented.

Liquidity and Cash Equivalents: Cash and cash equivalents increased steadily from 1,357,664 thousand USD in 2020 to a peak of 1,732,047 thousand USD in 2022 before significantly declining to 754,000 thousand USD by 2024, then rebounding to 1,456,100 thousand USD in 2025. Short-term investments exhibited volatility, doubling from 644,003 thousand USD in 2020 to 1,308,692 thousand USD in 2021, then decreasing sharply to 9,400 thousand USD by 2025. Restricted cash and cash equivalents declined consistently over the period, from 546,604 thousand USD in 2020 to just 14,900 thousand USD in 2025.
Receivables and Contract Assets: Accounts receivable remained relatively stable, with minor fluctuations, ending at 771,100 thousand USD in 2025, slightly higher than the 592,555 thousand USD in 2020. Contract assets appeared from 2022 onward, starting at 104,900 thousand USD and decreasing to 80,800 thousand USD by 2025, indicating new or ongoing revenue recognition elements during recent periods.
Software Development Costs and Licenses: Current software development costs and licenses showed some fluctuations, peaking at 88,300 thousand USD in 2024, slightly declining to 80,800 thousand USD in 2025. However, the net of current portion increased significantly, from 401,778 thousand USD in 2020 to 1,892,600 thousand USD in 2025, indicating increased capitalization and potentially expanding development efforts or long-term projects.
Prepaid and Other Current Assets: Prepaid expenses and other current assets increased steadily from 312,209 thousand USD in 2020 to 402,800 thousand USD in 2025, reflecting higher prepaid costs or other short-term asset buildup.
Current Assets: Total current assets peaked in 2021 at 4,220,515 thousand USD but subsequently fell sharply to 2,259,700 thousand USD in 2024 before recovering slightly to 2,815,900 thousand USD in 2025. This indicates a contraction in liquid and short-term asset holdings after 2021.
Fixed and Lease Assets: Fixed assets (net) showed a steady increase from 131,888 thousand USD in 2020 to 443,800 thousand USD in 2025, indicating ongoing investment in property, plant, or equipment. Operating lease right-of-use assets also expanded consistently from 154,284 thousand USD to 326,100 thousand USD in the same period, reflecting increased leasing commitments.
Goodwill and Intangible Assets: Goodwill surged dramatically, particularly in 2023, reaching 6,767,100 thousand USD, before decreasing to 1,057,300 thousand USD in 2025. Similarly, other intangible assets rose sharply to 4,453,200 thousand USD in 2023, then declined to 2,336,000 thousand USD by 2025. These fluctuations suggest acquisitions or revaluations occurred in 2023, followed by impairments or disposals in subsequent years.
Deferred Tax Assets and Long-term Restricted Cash: Deferred tax assets decreased steadily from 116,676 thousand USD in 2020 to a negligible 100 thousand USD by 2025. Long-term restricted cash remained relatively stable around 88,200 to 103,452 thousand USD over the years, indicating minimal changes in long-term restrictions.
Other Assets: Other non-current assets experienced volatility, rising to 341,716 thousand USD in 2022, then declining to 220,700 thousand USD in 2025.
Non-current and Total Assets: Non-current assets increased substantially in 2023 to 13,354,000 thousand USD, then steadily decreased to 6,364,800 thousand USD in 2025. Total assets followed a similar pattern, peaking at 15,862,100 thousand USD in 2023, subsequently declining to 9,180,700 thousand USD by 2025. The significant rise in 2023 followed by the decline suggests a major acquisition or asset revaluation in 2023, with later divestitures, impairments, or adjustments.

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Take-Two Interactive Software Inc. (NASDAQ:TTWO)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items