Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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

US$ in thousands

	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Accounts payable	194,700)	144,800)	177,100)	170,300)	195,900)	151,800)	131,800)	127,500)	140,100)	151,600)	162,800)	199,900)	125,882)	100,720)	83,401)	67,136)	71,001)	100,159)	85,103)	56,410)	65,684)	82,491)	114,946)	55,379)
Accrued expenses and other current liabilities	1,127,600)	999,700)	1,300,300)	1,067,700)	1,062,600)	1,022,200)	1,316,200)	1,186,300)	1,225,700)	1,313,300)	1,733,900)	1,601,700)	1,074,891)	1,026,246)	1,499,898)	1,242,312)	1,204,090)	1,219,614)	1,148,617)	1,136,628)	1,169,884)	1,147,918)	1,251,196)	1,038,748)
Current deferred revenue	1,083,500)	1,091,900)	1,064,900)	945,300)	1,059,500)	1,081,200)	1,117,500)	991,500)	1,078,800)	1,136,400)	1,164,700)	1,079,700)	865,270)	910,899)	951,612)	824,520)	928,029)	991,476)	1,063,064)	928,100)	777,784)	841,814)	901,813)	826,085)
Current operating lease liabilities	61,500)	59,100)	59,000)	64,100)	63,800)	64,000)	61,500)	60,600)	60,200)	58,500)	55,600)	55,400)	38,921)	34,480)	31,962)	31,361)	31,595)	30,540)	29,051)	27,602)	25,187)	24,108)	22,273)	21,794)
Short-term debt, net	1,148,500)	599,600)	599,200)	598,900)	24,600)	373,200)	373,100)	372,100)	1,346,800)	350,000)	350,000)	350,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	3,615,800)	2,895,100)	3,200,500)	2,846,300)	2,406,400)	2,692,400)	3,000,100)	2,738,000)	3,851,600)	3,009,800)	3,467,000)	3,286,700)	2,104,964)	2,072,345)	2,566,873)	2,165,329)	2,234,715)	2,341,789)	2,325,835)	2,148,740)	2,038,539)	2,096,331)	2,290,228)	1,942,006)
Long-term debt, net	2,512,600)	3,058,300)	3,055,900)	3,054,400)	3,058,300)	2,708,200)	2,707,100)	2,704,700)	1,733,000)	2,735,500)	2,935,500)	2,935,500)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Non-current deferred revenue	25,400)	33,900)	34,700)	38,200)	42,900)	61,300)	60,600)	35,500)	35,500)	31,000)	29,100)	21,500)	70,911)	68,218)	51,531)	51,318)	37,302)	31,813)	32,880)	32,851)	28,339)	32,962)	25,378)	22,097)
Non-current operating lease liabilities	383,300)	386,700)	398,300)	404,900)	387,300)	380,700)	373,000)	354,700)	347,000)	354,200)	329,900)	341,200)	211,297)	209,646)	207,437)	156,951)	159,671)	156,835)	150,793)	153,506)	152,059)	151,400)	118,789)	125,128)
Non-current software development royalties	93,600)	92,400)	91,200)	90,000)	102,100)	100,800)	99,600)	98,800)	110,200)	121,200)	119,300)	117,400)	115,527)	113,991)	112,459)	111,652)	110,127)	108,667)	302,435)	300,970)	104,417)	—)	—)	—)
Deferred tax liabilities, net	259,600)	272,000)	281,900)	311,100)	340,900)	223,000)	278,500)	422,000)	534,000)	711,300)	871,500)	1,093,100)	21,800)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term liabilities	152,700)	239,600)	214,300)	208,200)	211,100)	220,700)	258,400)	231,400)	208,300)	368,000)	307,100)	287,200)	212,061)	228,016)	211,063)	197,698)	154,511)	171,704)	122,929)	82,146)	86,234)	196,905)	198,953)	190,664)
Non-current liabilities	3,427,200)	4,082,900)	4,076,300)	4,106,800)	4,142,600)	3,694,700)	3,777,200)	3,847,100)	2,968,000)	4,321,200)	4,592,400)	4,795,900)	631,596)	619,871)	582,490)	517,619)	461,611)	469,019)	609,037)	569,473)	371,049)	381,267)	343,120)	337,889)
Total liabilities	7,043,000)	6,978,000)	7,276,800)	6,953,100)	6,549,000)	6,387,100)	6,777,300)	6,585,100)	6,819,600)	7,331,000)	8,059,400)	8,082,600)	2,736,560)	2,692,216)	3,149,363)	2,682,948)	2,696,326)	2,810,808)	2,934,872)	2,718,213)	2,409,588)	2,477,598)	2,633,348)	2,279,895)
Preferred stock, $0.01 par value, no shares issued and outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	2,000)	2,000)	2,000)	2,000)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,900)	1,390)	1,391)	1,390)	1,389)	1,376)	1,375)	1,373)	1,367)	1,359)	1,358)	1,356)	1,355)
Additional paid-in capital	10,312,000)	10,196,300)	10,063,400)	9,962,500)	9,371,600)	9,286,900)	9,183,200)	9,087,000)	9,010,200)	8,928,700)	8,760,500)	8,616,500)	2,597,205)	2,541,492)	2,475,085)	2,417,658)	2,288,781)	2,327,913)	2,285,394)	2,151,774)	2,134,748)	2,100,373)	2,059,720)	2,025,626)
Treasury stock, at cost	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,600)	(1,020,584)	(1,020,584)	(1,020,584)	(820,572)	(820,572)	(820,572)	(820,572)	(820,572)	(820,572)	(820,572)	(820,572)	(820,572)
Retained earnings (accumulated deficit)	(7,058,800)	(3,332,600)	(3,207,400)	(2,841,900)	(2,579,900)	323,100)	414,700)	958,300)	1,164,300)	1,774,600)	1,928,000)	2,185,000)	2,288,993)	2,178,021)	2,033,524)	2,023,227)	1,870,971)	1,652,159)	1,469,911)	1,370,590)	1,282,085)	1,159,363)	995,721)	923,906)
Accumulated other comprehensive loss	(96,900)	(143,200)	(38,900)	(110,500)	(105,100)	(82,700)	(149,100)	(86,400)	(113,300)	(134,200)	(236,300)	(120,500)	(57,345)	(34,583)	(19,747)	(2,770)	(8,664)	(5,584)	(34,824)	(52,131)	(58,376)	(38,487)	(54,462)	(43,988)
Total Take-Two Interactive Software, Inc. stockholders’ equity	2,137,700)	5,701,900)	5,798,500)	5,991,500)	5,667,900)	8,508,600)	8,430,100)	8,940,200)	9,042,500)	9,550,400)	9,433,500)	9,662,300)	3,809,659)	3,665,737)	3,469,668)	3,618,932)	3,331,892)	3,155,291)	2,901,282)	2,651,028)	2,539,244)	2,402,035)	2,181,763)	2,086,327)
Non-controlling interest	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	12,375)	—)	—)	—)	—)	—)	—)	—)	—)
Total equity	2,137,700)	5,701,900)	5,798,500)	5,991,500)	5,667,900)	8,508,600)	8,430,100)	8,940,200)	9,042,500)	9,550,400)	9,433,500)	9,662,300)	3,809,659)	3,665,737)	3,469,668)	3,631,307)	3,331,892)	3,155,291)	2,901,282)	2,651,028)	2,539,244)	2,402,035)	2,181,763)	2,086,327)
Total liabilities and equity	9,180,700)	12,679,900)	13,075,300)	12,944,600)	12,216,900)	14,895,700)	15,207,400)	15,525,300)	15,862,100)	16,881,400)	17,492,900)	17,744,900)	6,546,219)	6,357,953)	6,619,031)	6,314,255)	6,028,218)	5,966,099)	5,836,154)	5,369,241)	4,948,832)	4,879,633)	4,815,111)	4,366,222)

Accounts Payable: The accounts payable balance shows significant fluctuations over the periods with a notable peak at June 30, 2022 (US$ 199.9 million). After this peak, the amount declines steadily but rises again towards March 31, 2025. This volatility suggests variable supplier liabilities or payment cycles possibly linked to seasonal business activities or changes in procurement strategies.
Accrued Expenses and Other Current Liabilities: Accrued expenses and other current liabilities exhibit a generally upward trend from June 2019, peaking around September 2022 to June 2023, followed by some decline and moderate fluctuations thereafter. This pattern indicates increasing operational or accrued costs in the mid-term with some stabilization in the most recent periods.
Current Deferred Revenue: Current deferred revenue remains generally stable with slight cyclical movements, peaking at September 2022 (US$ 1.16 billion) and fluctuating around US$ 1 billion in recent quarters. The stability suggests steady ongoing revenue deferrals likely from subscription or license agreements.
Current Operating Lease Liabilities: Current operating lease liabilities show a gradual increase over the analyzed periods, rising from approximately US$ 21.8 million in mid-2019 to around US$ 61.5 million by early 2025. This demonstrates expanded lease obligations, possibly driven by increased facility or equipment leasing commitments.
Short-Term Debt, Net: Short-term debt was non-existent or unreported in earlier periods but appears significantly starting March 31, 2022, with a large increase to US$ 1.35 billion (March 2023), followed by fluctuations with a reduction and subsequent peaks. These fluctuations indicate strategic borrowing and repayments within short-term obligations that impact liquidity management.
Current Liabilities: Current liabilities have generally increased over the full timeframe, rising notably from around US$ 1.94 billion in June 2019 to a peak of US$ 3.86 billion by March 2023 and then declining slightly but remaining elevated through early 2025. This rise corresponds with the increase in accounts payable and accrued expenses, suggesting growth in short-term obligations.
Long-Term Debt, Net: Long-term debt is first reported in March 2022 at approximately US$ 2.94 billion, showing variations thereafter but generally holding at above US$ 2.5 billion. The substantial debt level reflects ongoing financing through longer-term borrowing instruments with some repayments possibly reducing exposure temporarily.
Non-Current Deferred Revenue: Non-current deferred revenue shows minor values relative to current deferred revenue and fluctuates moderately, peaking around December 2021, then declining steadily. This suggests limited but variable revenue deferrals classified as long-term, likely representing multi-year contracts.
Non-Current Operating Lease Liabilities: These liabilities grow significantly from US$ 125 million in mid-2019 to a peak above US$ 404 million by late 2023, followed by a slight decrease. This steady increase aligns with the current operating lease liabilities trend, confirming expanded lease commitments over time.
Non-Current Software Development Royalties: Starting to appear in March 2020, non-current software royalties fluctuate between approximately US$ 90 million and US$ 121 million, showing relative stability with modest variation. This category reflects ongoing obligations related to intellectual property or licensing costs extending beyond one year.
Deferred Tax Liabilities, Net: Deferred tax liabilities emerge only beginning December 2021 at over US$ 1 billion, decreasing consistently to US$ 259 million by March 2025. This decreasing trend signals a reduction in deferred tax obligations, possibly due to tax payments or changes in tax position.
Other Long-Term Liabilities: Other long-term liabilities exhibit substantial variation, initially around US$ 190 million and peaking near US$ 368 million by December 2022, then declining with some volatility until reaching approximately US$ 153 million by March 2025. These fluctuations may reflect changes in employee benefits, contingent liabilities, or other non-debt obligations.
Non-Current Liabilities: Non-current liabilities show a sharp increase beginning December 2021 from about US$ 620 million to peaks above US$ 4.7 billion in mid-2022, followed by a decline to about US$ 3.4 billion by early 2025. The large increase is driven mainly by the inclusion of significant deferred tax, long-term debt, and lease liabilities, indicative of growing non-current obligations during this period.
Total Liabilities: Total liabilities rise steadily from US$ 2.28 billion in June 2019 to a peak exceeding US$ 8 billion in mid-2022 and then fluctuate in a downward trend to roughly US$ 7 billion by early 2025. The pattern reflects growth in both current and non-current liabilities with partial reduction in later periods.
Stockholders’ Equity: Stockholders’ equity increases substantially from June 2019 (approx. US$ 2.09 billion) to a peak in mid-2022 (over US$ 9.6 billion), then declines markedly to about US$ 2.14 billion by March 2025. The equity reduction in recent periods is largely due to significant accumulated deficit increases, indicating net losses or large charges impacting retained earnings.
Retained Earnings (Accumulated Deficit): Retained earnings increase positively through 2021, reaching over US$ 2.2 billion by March 2022, before reversing trend and descending sharply to a negative US$ 7.1 billion by March 2025. This significant deterioration suggests considerable net losses or other adverse adjustments adversely affecting accumulated profits.
Accumulated Other Comprehensive Loss: This component fluctuates between moderate losses of around US$ 40 million to extensive losses approximately US$ 236 million in September 2022, followed by volatile reductions and increases, ending at roughly US$ 97 million loss in March 2025. The fluctuation indicates periodic impacts from items such as foreign currency translation or valuation adjustments.
Treasury Stock: Treasury stock remains relatively stable in accounting cost with larger recorded amounts starting around September 2020 reflecting share repurchases or reclassifications, exceeding US$ 1 billion. This consistent cost base denotes ongoing or past efforts to repurchase shares, reducing outstanding equity.
Total Liabilities and Equity: The combined total of liabilities and equity corresponds with an overall growth from approximately US$ 4.4 billion in mid-2019 to a maximum of over US$ 17.7 billion in mid-2022. Following this peak, there is a noticeable contraction to under US$ 9.2 billion by early 2025, reflective of simultaneous liability fluctuations and equity contractions.

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

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data