THQ Inc. 27001 Agoura Road, Suite 325 Calabasas Hills, California
THQ INC. THQ Inc. ANNUAL REPORT 27001 Agoura Road, Suite 325 Calabasas Hills, California 91301 2003 www.thq.com 2003 ANNUAL REPORT 2003 ANNUAL REAL-WORLD STRENGTH. STRATEGIC FOCUS. FINANCIAL FLEXIBILITY. THQ IS MAKING THE MOST OF THEM BOTH. WE’RE INVESTING IN NEW LICENSED BRANDS. INVESTING IN NEW ORIGINAL GAMES. INVESTING IN NEW LINES OF BUSINESS. INVESTING IN THE EMERGING WIRELESS GAME SPACE. AND INVESTING IN OUR COMPANY. IN SHORT, WE’RE INVESTING IN OUR FUTURE. REAL-WORLD GROWTH. FINANCIAL HIGHLIGHTS OPERATING RESULTS Three Months Ended March 31, Years Ended December 31, (in thousands, except per share data) 2003 2002 Unaudited 2002 2001 2000 1999 Net sales $066,800 $079,682 $480,529 $378,992 $347,003 $303,483 Net income (loss) $ (7,686) a* $002,765 $012,994 b $036,013 $018,189 c*** $031,326 Earnings per diluted share $ (0.20)* $0.07 $0.32** $ 1.01 $ 0.56*** $ 0.99 Diluted shares 38,319 41,725 41,243 35,623 32,352 31,796 FINANCIAL POSITION March 31, December 31, (in thousands, except per share data) 2003 2002 Unaudited 2002 2001 2000 1999 Working capital $286,899 $325,992 $320,588 $319,605 $110,269 $ 91,860 Total assets $472,949 $476,735 $537,860 $487,966 $229,942 $184,057 Total liabilities $076,536 $069,901 $128,994 $089,104 $097,817 $075,751 Stockholders’ equity $396,413 $406,834 $408,866 $398,862 $132,125 $108,306 See Notes to Consolidated Financial Statements. (a) Includes a charge of $1.8 million related to the other than temporary impairment of our investment in Yuke’s Co., Ltd.
[Show full text]