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The Packers have $699 million of equity, consisting of $87 million from our five stock offerings, and the rest from retained annual earnings. We
The Packers have $699 million of equity, consisting of $87 million from our five stock offerings, and the rest from retained annual earnings. We continue to invest equity to preserve and improve Lambeau Field. We've invested $384 million of our equity in property and equipment, and $136 million in player contracts. The remainder is held for franchise preservation. Included in Cash & Investments above is $370 million of investments. Our balance sheet is strong, and will help ensure our survival through the pandemic. Our continued investment in Lambeau Field includes a multi-year update to stadium concourses and replacement of our practice fields. Fans have responded favorably to our "grab and go" concession stands that promote cashless payment and returns fans to their seats sooner. We also continue to invest in Titletown, our real estate project just west of Lambeau Field. Titletown is both an investment in the Green Bay community and our future by enhancing the quality of life in Brown County, while also providing a reasonable return on our investment. We express our sincere appreciation to the residents of Brown County, Shareholders, season ticket holders, fans, employees, customers, suppliers, and friends for your support. Your passion and loyalty-has sustained this franchise and is a significant factor in our success. Because of you, there is not a better story in professional sports. Respectfully submitted. Mechal Dum Michael D. Simmer wou Balance Sheet Assets Cash & Investments Unamortized signing bonuses, net Property & equipment net Other Total assets Liabilities & Equity Debt Compensation liabilities Other liabilities Equity Total Liabilities & Equity 2020 $ thousands $422,026 136,030 383,621 101,410 $1,043,087 144,427 69,451 130,036 699,173 $1,043,087 2019 $444,170 152,222 370,581 98,038 $1,065,011 147,407 83,711 170,431 663,462 $1,065,011 Balance sheet a. How much are total assets in both 2020 and 2019? a. What is the largest asset category and what is the second largest asset category for each year? b. The "property and equipment" balance is significant. What do you think the largest item is for property and equipment? c. How much are total liabilities in both 2020 and 2019?
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