Classmates.com 2008 Annual Report Download - page 99

Table of Contents
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,
2008 2007
Assets
Current assets:
Cash and cash equivalents
$
104,514
$
149,507
Short
-
term investments
—
68,800
Accounts receivable, net of allowance for doubtful accounts of $4,327 and $2,378 at December 31, 2008 and 2007,
respectively
58,901
28,765
Deferred tax assets, net
16,170
7,050
Other current assets
30,970
19,992
Total current assets
210,555
274,114
Property and equipment, net
61,822
39,570
Deferred tax assets, net
—
57,559
Goodwill
459,348
132,352
Intangible assets, net
320,236
40,915
Other assets
21,566
7,883
Total assets
$
1,073,527
$
552,393
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$
83,372
$
38,095
Accrued liabilities
43,148
30,586
Member redemption liability
20,745
19,499
Deferred revenue
78,498
63,086
Current portion of long
-
term debt
22,219
—
Capital leases
—
13
Total current liabilities
247,982
151,279
Member redemption liability
5,231
5,061
Deferred revenue
4,763
4,691
Long
-
term debt, net of discounts
391,258
—
Deferred tax liabilities, net
60,834
—
Other liabilities
19,342
10,734
Total liabilities
729,410
171,765
Commitments and contingencies (see Note 15)
Stockholders' equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized; no shares issued or outstanding at December 31, 2008
and 2007
—
—
Common stock, $0.0001 par value; 300,000 shares authorized; 82,107 and 68,019 shares issued and outstanding at
December 31, 2008 and 2007, respectively
8
7
Additional paid
-
in capital
520,187
414,841
Accumulated other comprehensive income (loss)
(47,019
)
182
Accumulated deficit
(129,059
)
(34,402
)
Total stockholders' equity
344,117
380,628
Total liabilities and stockholders' equity
$
1,073,527
$
552,393