Classmates.com 2003 Annual Report Download - page 44

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The accompanying notes are an integral part of these consolidated financial statements.
F-3
UNITED ONLINE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in thousands, except per share amounts)
Current portion of capital leases
—
34
3,205
Total current liabilities
70,055
63,764
54,807
Commitments and contingencies (see Note 11)
Stockholders' equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized at
December 31, 2003 and June 30, 2003 and 2002; no shares issued
or outstanding at December 31, 2003 and June 30, 2003 and 2002
—
—
—
Common stock, $0.0001 par value; 300,000 shares authorized;
63,944, 63,710 and 60,851 shares issued and outstanding at
December 31, 2003 and June 30, 2003 and 2002, respectively
6
6
6
Additional paid
-
in capital
535,228
546,847
539,624
Notes receivable from stockholders
—
—
(
1,575
)
Deferred stock
-
based charges
—
—
(
107
)
Accumulated other comprehensive income
1,648
2,444
1,015
Accumulated deficit
(299,058
)
(332,385
)
(360,177
)
Total stockholders' equity
237,824
216,912
178,786
Total liabilities and stockholders' equity
$
307,879
$
280,676
$
233,593
Six Months
Ended
December 31,
2003
Year Ended June 30,
2003
2002
2001
Revenues:
Billable services
$
167,639
$
247,790
$
141,005
$
6,662
Advertising and commerce
18,099
29,505
26,510
50,555
Total revenues
185,738
277,295
167,515
57,217
Operating expenses:
Cost of billable services (including stock-
based charges,
see Note 10)
46,182
89,293
74,227
8,944
Cost of free services (including stock-
based charges, see
Note 10)
3,953
12,603
33,129
79,416
Sales and marketing (including stock-
based charges, see
Note 10)
70,526
86,623
40,220
62,176
Product development (including stock-based charges,
see Note 10)
10,488
23,054
24,779
27,534
General and administrative (including stock-based
charges, see Note 10)
14,022
27,805
30,722
28,775
Amortization of goodwill and intangible assets
7,928
16,411
14,156
16,837
Restructuring charges
—
(
215
)
4,228
—
Impairment of goodwill and intangible assets
—
—
—
48,622