Exhibit 99.4
PINNACLE SYSTEMS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
(Unaudited, in thousands)
As of June 30, 2004 | ||||||||||||
Original | As Restated | Change | ||||||||||
Assets | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | $ | 59,059 | $ | 59,059 | $ | — | ||||||
Marketable securities | 10,955 | 10,955 | — | |||||||||
Accounts receivable, net | 37,941 | 37,941 | — | |||||||||
Inventories | 45,762 | 45,762 | — | |||||||||
Prepaid expenses and other current assets | 8,366 | 8,366 | — | |||||||||
Current assets of discontinued operations | 10,429 | 10,429 | — | |||||||||
Total current assets | 172,512 | 172,512 | — | |||||||||
Restricted cash | 16,850 | — | (16,850 | ) | ||||||||
Property and equipment, net | 15,641 | 15,641 | — | |||||||||
Goodwill | 42,874 | 42,874 | — | |||||||||
Other intangible assets, net | 8,840 | 8,840 | — | |||||||||
Other assets | 7,283 | 7,283 | — | |||||||||
Long-term assets of discontinued operations | 39,945 | 56,795 | 16,850 | |||||||||
$ | 303,945 | $ | 303,945 | $ | — | |||||||
Liabilities and Shareholders’ Equity | ||||||||||||
Current liabilities: | ||||||||||||
Accounts payable | $ | 17,776 | $ | 17,776 | $ | — | ||||||
Accrued and other liabilities | 55,748 | 41,548 | (14,200 | ) | ||||||||
Deferred revenue | 12,497 | 12,497 | — | |||||||||
Current liabilities of discontinued operations | 5,164 | 19,364 | 14,200 | |||||||||
Total current liabilities | 91,185 | 91,185 | — | |||||||||
Long-term liabilities of discontinued operations | 2,078 | 2,078 | — | |||||||||
Total liabilities | 93,263 | 93,263 | — | |||||||||
Shareholders’ equity: | ||||||||||||
Common stock | 375,550 | 375,550 | — | |||||||||
Accumulated deficit | (169,487 | ) | (169,487 | ) | — | |||||||
Accumulated other comprehensive income | 4,619 | 4,619 | — | |||||||||
Total shareholders’ equity | 210,682 | 210,682 | — | |||||||||
$ | 303,945 | $ | 303,945 | $ | — | |||||||