Stock Analysis on Net
Stock Analysis on Net

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

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Take-Two Interactive Software Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Accounts payable
Software development royalties
Compensation and benefits
Licenses
Marketing and promotions
Tax payable
Interest payable
Deferred acquisition payments
Refund liability
Sales tax liability
Professional fees
Settlement accrual
Other
Accrued expenses and other current liabilities
Current deferred revenue
Current operating lease liabilities
Short-term debt, net
Current liabilities
Long-term debt, net
Non-current deferred revenue
Non-current operating lease liabilities
Non-current software development royalties
Deferred tax liabilities, net
Other long-term liabilities
Non-current liabilities
Total liabilities
Preferred stock, $0.01 par value, no shares issued and outstanding
Common stock, $0.01 par value
Additional paid-in capital
Treasury stock, at cost
Retained earnings (accumulated deficit)
Accumulated other comprehensive loss
Stockholders’ equity
Total liabilities and stockholders’ equity

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).

Accounts Payable
Accounts payable increased steadily from 65,684 thousand USD in 2020 to a peak of 195,900 thousand USD in 2024 before slightly declining to 194,700 thousand USD in 2025, reflecting an overall rising trend in trade obligations.
Software Development Royalties
Software development royalties demonstrated a continuous decrease from 822,416 thousand USD in 2020 to 413,100 thousand USD in 2024, with a marginal uptick to 419,800 thousand USD in 2025, indicating reduced expenditure or renegotiation of royalty agreements over time.
Compensation and Benefits
Compensation and benefits expenses exhibited a consistent upward trend, rising from 81,791 thousand USD in 2020 to 268,300 thousand USD in 2025, suggesting workforce expansion or wage inflation.
Licenses
Expenditures on licenses showed variability but generally increased from 57,651 thousand USD in 2020 to 91,400 thousand USD in 2025, peaking notably in 2025 after a low in 2023.
Marketing and Promotions
Marketing and promotions costs dropped from 40,797 thousand USD in 2020 to 30,616 thousand USD in 2022, surged sharply to 132,700 thousand USD in 2023, and then declined in subsequent years, possibly reflecting a significant campaign or strategy change in 2023.
Tax Payable
Tax payable data begins in 2022 at 14,100 thousand USD, doubling to around 33,000 thousand USD a year later, and then fluctuating slightly, indicating varying tax obligations or adjustments.
Interest Payable
Interest payable emerges in 2023 at 29,600 thousand USD, remains stable in 2024, then rises to 39,200 thousand USD in 2025, consistent with increased debt levels.
Deferred Acquisition Payments
Deferred acquisition payments appeared in 2021 at 13,343 thousand USD, grew significantly to 82,700 thousand USD in 2023, then declined sharply to 17,600 thousand USD in 2024, before rising again in 2025, indicating varying acquisition-related obligations.
Refund Liability
Refund liability decreased steadily from 77,829 thousand USD in 2020 to 32,800 thousand USD in 2025, suggesting reduced customer returns or refund exposures.
Sales Tax Liability
Sales tax liability was first recorded in 2022 at 17,200 thousand USD, decreasing to 14,000 thousand USD in 2023, before increasing to 24,300 thousand USD in 2025, indicating fluctuating sales tax obligations.
Professional Fees
Professional fees appeared from 2023, growing from 9,500 thousand USD to a peak of 16,700 thousand USD in 2024, and stabilizing thereafter, possibly relating to advisory or legal costs linked to business activities.
Settlement Accrual
A settlement accrual was recognized only in 2025 at 9,500 thousand USD, indicating a new or finalized obligation during that period.
Other Current Liabilities
Other current liabilities showed variability, with a peak at 120,600 thousand USD in 2023 before declining to 71,500 thousand USD in 2025, reflecting fluctuations in miscellaneous short-term obligations.
Accrued Expenses and Other Current Liabilities
This category increased moderately from 1,169,884 thousand USD in 2020 to 1,225,700 thousand USD in 2023, then decreased slightly in subsequent years, suggesting controlled short-term liabilities management.
Current Deferred Revenue
Current deferred revenue rose from 777,784 thousand USD in 2020 to 1,078,800 thousand USD in 2023, followed by minor fluctuations, indicating stable advances or unearned revenue inflows.
Current Operating Lease Liabilities
Operating lease liabilities almost doubled from 25,187 thousand USD in 2020 to 60,200 thousand USD in 2023, before stabilizing around 61,500 thousand USD, reflecting expanded lease commitments.
Short-term Debt, Net
Short-term debt emerged notably in 2023 at 1,346,800 thousand USD, fell drastically to 24,600 thousand USD in 2024, then surged again to 1,148,500 thousand USD in 2025, indicating substantial short-term borrowing activity with significant volatility.
Current Liabilities
Current liabilities rose sharply from 2,038,539 thousand USD in 2020 to a peak of 3,851,600 thousand USD in 2023, then declined and rose again, demonstrating increased short-term obligations with notable variability.
Long-term Debt, Net
Long-term debt was absent until 2023 when it reached 1,733,000 thousand USD, subsequently increasing to 3,058,300 thousand USD in 2024 before declining to 2,512,600 thousand USD in 2025, indicating major long-term financing activities with some repayment or restructuring later.
Non-current Deferred Revenue
Non-current deferred revenue showed a peak in 2022 at 70,911 thousand USD, followed by decreases and moderate fluctuations, signifying changing unearned revenue deferred over longer terms.
Non-current Operating Lease Liabilities
Non-current lease liabilities increased considerably from 152,059 thousand USD in 2020 to 387,300 thousand USD in 2024, then stabilized around 383,300 thousand USD, reflecting increased lease commitments operated over long duration.
Non-current Software Development Royalties
Non-current software development royalties remained relatively stable, declining slightly from 104,417 thousand USD in 2020 to 93,600 thousand USD in 2025, indicating steady long-term royalty obligations.
Deferred Tax Liabilities, Net
Deferred tax liabilities surged markedly from 5,130 thousand USD in 2020 to 534,000 thousand USD in 2023, followed by declines in subsequent years but remaining significantly higher than initial levels, reflecting large deferred tax recognition impacting future tax obligations.
Other Long-term Liabilities
Other long-term liabilities increased from 81,104 thousand USD in 2020 to 212,073 thousand USD in 2022, then decreased to 152,700 thousand USD in 2025, indicating variable long-term obligations excluding debt and leases.
Non-current Liabilities
Overall, non-current liabilities rose substantially from 371,049 thousand USD in 2020 to 2,968,000 thousand USD in 2023, then increased further in 2024 before moderating in 2025, signaling major growth in long-term obligations.
Total Liabilities
Total liabilities showed a strong upward trajectory from 2,409,588 thousand USD in 2020 to 6,819,600 thousand USD in 2023, decreased somewhat in 2024, then increased again in 2025, reflecting enhanced leverage and financing activities.
Common Stock and Additional Paid-in Capital
Common stock par value remained stable around 1,900 to 2,000 thousand USD from 2023 onwards. Additional paid-in capital increased notably from 2,134,748 thousand USD in 2020 to a significant 10,312,000 thousand USD in 2025, suggesting sizable equity financing or capital contributions.
Treasury Stock
Treasury stock remained consistent at approximately -1,020,600 thousand USD from 2022 through 2025, indicating no significant buyback or reissuance activity during this period.
Retained Earnings (Accumulated Deficit)
Retained earnings grew from 1,282,085 thousand USD in 2020 to a peak of 2,288,993 thousand USD in 2022, then declined sharply into a deficit of -2,579,900 thousand USD in 2024 and further to -7,058,800 thousand USD in 2025, indicating substantial net losses or dividend distributions impacting accumulated profits.
Accumulated Other Comprehensive Loss
The accumulated other comprehensive loss fluctuated, widening to -113,300 thousand USD in 2023 before slightly improving to -96,900 thousand USD in 2025, reflecting unrealized losses on other comprehensive income components.
Stockholders’ Equity
Stockholders’ equity increased markedly from 2,539,244 thousand USD in 2020 to 9,042,500 thousand USD in 2023 but then sharply declined to 2,137,700 thousand USD in 2025, primarily due to the steep drop in retained earnings, denoting volatility in net results and capital structure.
Total Liabilities and Stockholders’ Equity
The total of liabilities and stockholders’ equity grew substantially from 4,948,832 thousand USD in 2020 to 15,862,100 thousand USD in 2023 before declining to 9,180,700 thousand USD in 2025, reflecting overall scaling of balance sheet size followed by contraction.