Classmates.com 2006 Annual Report Download - page 66

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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,
2006
2005
Assets
Current assets:
Cash and cash equivalents
$
19,252
$
100,397
Short-term investments
143,110
143,965
Accounts receivable, net of allowance for doubtful accounts of $1,324 and
$1,325 at December 31, 2006 and 2005, respectively
32,226
19,201
Deferred tax assets, net
11,705
14,808
Other current assets
13,426
12,332
Total current assets
219,719
290,703
Property and equipment, net
34,296
33,093
Deferred tax assets, net
59,655
53,547
Goodwill
133,018
80,499
Intangible assets, net
53,653
59,338
Other assets
2,678
4,008
Total assets
$
503,019
$
521,188
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$
36,550
$
46,955
Accrued liabilities
39,547
36,249
Member redemption liability
15,835
—
Deferred revenue
53,121
52,835
Current portion of term loan
—
16,498
Current portion of capital leases
17
373
Total current liabilities
145,070
152,910
Member redemption liability
4,154
—
Deferred revenue
3,227
3,449
Term loan
—
37,710
Capital leases
13
325
Other liabilities
3,589
4,379
Total liabilities
156,053
198,773
Commitments and contingencies (see Note 11)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized; no shares issued
or outstanding at December 31, 2006 and 2005
Common stock, $0.0001 par value; 300,000 shares authorized; 65,805 and 62,606
shares issued and outstanding at December 31, 2006 and 2005, respectively
7
6
Additional paid-in capital
439,383
472,745
Deferred stock-based compensation
—
(
15,558
)
Accumulated other comprehensive loss
(245
)
(327
)
Accumulated deficit
(92,179
)
(134,451
)
Total stockholders’ equity
346,966
322,415
Total liabilities and stockholders’ equity
$
503,019
$
521,188