Classmates.com 2004 Annual Report Download - page 72
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UNITED ONLINE, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F-4
December 31,
2004
2003
Assets
Current assets:
Cash and cash equivalents
$
56,512
$
8,908
Short
-
term investments
176,281
194,815
Accounts receivable, net of allowance for doubtful accounts of $647 and $288 at December 31,
2004 and 2003, respectively
17,534
14,065
Deferred tax assets, net
24,630
22,707
Other current assets
13,058
9,390
Total current assets
288,015
249,885
Property and equipment, net
27,006
13,428
Deferred tax assets, net
51,573
3,666
Goodwill
76,458
9,541
Intangible assets, net
70,558
30,727
Other assets
6,242
632
Total assets
$
519,852
$
307,879
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$
45,379
$
31,388
Accrued liabilities
18,320
14,028
Deferred revenue
49,293
24,639
Current portion of term loan
23,333
—
Current portion of capital leases
621
—
Total current liabilities
136,946
70,055
Deferred revenue
1,661
—
Term loan
76,667
—
Capital leases
698
—
Other liabilities
2,181
—
Total liabilities
218,153
70,055
Commitments and contingencies (see Note 10)
Stockholders' equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized; no shares issued or outstanding at
December 31, 2004 and 2003
—
—
Common stock, $0.0001 par value; 300,000 shares authorized; 61,074 and 63,944 shares issued
and outstanding at December 31, 2004 and 2003, respectively
6
6
Additional paid
-
in capital
491,757
535,228
Deferred stock
-
based charges
(8,477
)
—
Accumulated other comprehensive income (loss)
(9
)
1,648
Accumulated deficit
(181,578
)
(299,058
)
Total stockholders' equity
301,699
237,824
Total liabilities and stockholders' equity
$
519,852
$
307,879