CONSOLIDATED BALANCE SHEETS Aspen Technology, Inc. and Subsidiaries Consolidated Balance Sheets June 30 2002 2003 (In thousands, except share data) LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Current portion of long-term obligations $ 5,334 $ 3,849 Amount owed to Accenture 11,100 8,162 Accounts payable 16,852 8,622 Accrued expenses 71,126 73,472 Unearned revenue 20,983 20,492 Deferred revenue 38,624 37,266 Total current liabilities 164,019 151,863 Long-term obligations, less current portion 5,885 3,661 5 1/4% Convertible subordinated debentures 86,250 86,250 Obligation subject to common stock settlement 1,810 — Deferred revenue, less current portion 9,548 9,815 Deferred tax liability 15,003 13,258 Other liabilities 12,040 16,009 Commitments and contingencies (Notes 12, 13, 14 and 16) Series B redeemable convertible preferred stock, $0.10 par value —  Authorized, issued and outstanding—60,000 shares in 2003 (Liquidation preference of $60,598 as of June 30, 2003) — 57,537 Stockholders' equity: Series B convertible preferred stock, $0.10 par value— Authorized, issued and outstanding—60,000 shares in 2002 (Liquidation preference of $60,860 as of June 30, 2002) 50,753 — Common stock, $0.10 par value—Authorized—120,000,000 shares Issued—37,731,183 shares in 2002 and 39,279,268 shares in 2003  Outstanding—37,500,753 shares in 2002 and 39,045,804 shares in 2003 3,773 3,929 Additional paid-in capital 310,039 315,726 Accumulated deficit (107,593) (277,610) Treasury stock, at cost—230,430 shares of common stock in 2002 and 233,464 shares of common stock in 2003 (502) (513) Accumulated other comprehensive income (loss) (2,682) (1,445) Total stockholders' equity 253,788 40,087 $548,343 $378,480 The accompanying notes are an integral part of these consolidated financial statements. 31