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UNITED ONLINE, INC.
INDEX TO FORM 10-K
For the Year Ended December 31, 2007
In this document, "United Online," the "Company," "we," "us," and "our" refer to United Online, Inc. and its subsidiaries.
This Annual Report on Form 10-K and the documents incorporated herein by reference contain forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended, based on our current expectations,
estimates and projections about our operations, industry, financial condition, performance, results of operations, and liquidity. Statements
containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "projections," "business outlook," "estimate," or
similar expressions constitute forward-looking statements. These forward-
looking statements include, but are not limited to, statements about the
markets in which we compete, our pay accounts, our product and service offerings, the advertising market, operating expenses, operating
efficiencies, revenues, dividends, capital requirements, capital expenditures, tax payments, stock-based compensation, restructuring charges,
and our cash position. In addition, any statements that refer to expectations, projections or other characterizations of future events or
circumstances, including any underlying assumptions, are forward-looking statements. Such statements are not guarantees of future
performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ
materially and adversely from those expressed in any forward-looking statements as a result of various factors. The section entitled "Risk
Factors" in this Annual Report on Form 10
-K and our other filings with the SEC set forth some of the important risk factors that may affect our
business, financial position, results of operations, and cash flows. Statements indicating factors that we believe may impact our results or
financial condition are not intended to be exclusive. We undertake no obligation to revise or update publicly any forward
-looking statements,
other than as required by law.
2
Page
PART I.
Item 1.
Business
3
Item 1A.
Risk Factors
17
Item 1B.
Unresolved Staff Comments
30
Item 2.
Properties
30
Item 3.
Legal Proceedings
30
Item 4.
Submission of Matters to a Vote of Security Holders
31
PART II.
Item 5.
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
32
Item 6.
Selected Financial Data
35
Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
36
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
67
Item 8.
Financial Statements and Supplementary Data
69
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
69
Item 9A.
Controls and Procedures
69
Item 9B.
Other Information
70
PART III.
Item 10.
Directors and Executive Officers of the Registrant
71
Item 11.
Executive Compensation
71
Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
71
Item 13.
Certain Relationships and Related Transactions
71
Item 14.
Principal Accounting Fees and Services
71
PART IV.
Item 15.
Exhibits, Financial Statement Schedules
72
Signatures
75