Classmates.com 2009 Annual Report Download - page 106
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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,
2009 2008
Assets
Current assets:
Cash and cash equivalents
$
115,509
$
104,514
Accounts receivable, net of allowance for doubtful accounts of $8,777
and $4,327 at December 31, 2009 and 2008, respectively
55,874
58,901
Deferred tax assets, net
15,797
16,170
Other current assets
25,599
30,970
Total current assets
212,779
210,555
Property and equipment, net
63,547
61,822
Goodwill
464,151
459,348
Intangible assets, net
292,520
320,236
Other assets
16,937
21,566
Total assets
$
1,049,934
$
1,073,527
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$
71,668
$
83,372
Accrued liabilities
50,428
43,148
Member redemption liability
20,666
20,745
Deferred revenue
74,294
78,498
Long
-
term debt
24,383
22,219
Total current liabilities
241,439
247,982
Member redemption liability
5,089
5,231
Deferred revenue
3,340
4,763
Long
-
term debt, net of discounts
304,563
391,258
Deferred tax liabilities, net
44,788
60,834
Other liabilities
18,064
19,342
Total liabilities
617,283
729,410
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, 2009 and 2008
—
—
Common stock, $0.0001 par value; 300,000 shares authorized; 84,958
and 82,107 shares issued and outstanding at December 31, 2009
and 2008, respectively
8
8
Additional paid
-
in capital
518,580
520,187
Accumulated other comprehensive loss
(26,963
)
(47,019
)
Accumulated deficit
(58,974
)
(129,059
)
Total stockholders' equity
432,651
344,117
Total liabilities and stockholders' equity
$
1,049,934
$
1,073,527