Exhibit 99.4
PINNACLE SYSTEMS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
(Unaudited, in thousands)
| As of June 30, 2004 |
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| Original |
As Restated |
Change |
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| Assets |
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| Current assets: |
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| 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 |
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| Current liabilities: |
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| 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: |
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| 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 | $ | — | |||||||