Classmates.com 2005 Annual Report Download - page 73
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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,
2005
December 31,
2004
Assets
Current assets:
Cash and cash equivalents
$
100,397
$
56,512
Short-term investments
143,965
176,281
Accounts receivable, net of allowance for doubtful accounts of $1,325 and $647
at December 31, 2005 and 2004, respectively
19,201
17,534
Deferred tax assets, net
14,808
24,630
Other current assets
12,332
13,058
Total current assets
290,703
288,015
Property and equipment, net
33,093
27,006
Deferred tax assets, net
53,547
51,573
Goodwill
80,499
76,458
Intangible assets, net
59,338
70,558
Other assets
4,008
6,242
Total assets
$
521,188
$
519,852
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$
46,955
$
45,379
Accrued liabilities
36,249
18,320
Deferred revenue
52,835
49,293
Current portion of term loan
16,498
23,333
Current portion of capital leases
373
621
Total current liabilities
152,910
136,946
Deferred revenue
3,449
1,661
Term loan
37,710
76,667
Capital leases
325
698
Other liabilities
4,379
2,181
Total liabilities
198,773
218,153
Commitments and contingencies (see Note 9)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized; no shares issued or
outstanding at December 31, 2005 and 2004
Common stock, $0.0001 par value; 300,000 shares authorized; 62,606 and 61,074
shares issued and outstanding at December 31, 2005 and 2004, respectively
6
6
Additional paid-in capital
472,745
491,757
Deferred stock-based compensation
(15,558
)
(8,477
)
Accumulated other comprehensive loss
(327
)
(9
)
Accumulated deficit
(134,451
)
(181,578
)
Total stockholders’ equity
322,415
301,699
Total liabilities and stockholders’ equity
$
521,188
$
519,852