Classmates.com 2007 Annual Report Download - page 84

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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-3
December 31,
2007
2006
Assets
Current assets:
Cash and cash equivalents
$
149,507
$
19,252
Short
-
term investments
68,800
143,110
Accounts receivable, net of allowance for doubtful accounts of $2,378 and $1,324 at December 31,
2007 and 2006, respectively
28,765
32,226
Deferred tax assets, net
7,050
11,705
Other current assets
19,992
13,426
Total current assets
274,114
219,719
Property and equipment, net
39,570
34,296
Deferred tax assets, net
57,559
59,655
Goodwill
132,352
133,018
Intangible assets, net
40,915
53,653
Other assets
7,883
2,678
Total assets
$
552,393
$
503,019
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$
38,095
$
36,550
Accrued liabilities
30,586
39,547
Member redemption liability
19,499
15,835
Deferred revenue
63,086
53,121
Capital leases
13
17
Total current liabilities
151,279
145,070
Member redemption liability
5,061
4,154
Deferred revenue
4,691
3,227
Capital leases
—
13
Other liabilities
10,734
3,589
Total liabilities
171,765
156,053
Commitments and contingencies (see Note 13)
Stockholders' equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized; no shares issued or outstanding at
December 31, 2007 and 2006
—
—
Common stock, $0.0001 par value; 300,000 shares authorized; 68,019 and 65,805 shares issued and
outstanding at December 31, 2007 and 2006, respectively
7
7
Additional paid
-
in capital
414,841
439,383
Accumulated other comprehensive income (loss)
182
(245
)
Accumulated deficit
(34,402
)
(92,179
)
Total stockholders' equity
380,628
346,966
Total liabilities and stockholders' equity
$
552,393
$
503,019