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Table of Contents
UNITED ONLINE, INC.
INDEX TO FORM 10-K
For the Year Ended December 31, 2009
In this document, "United Online," "UOL," 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
future financial performance; advertising revenues; segment metrics; operating expenses; market trends, including those in the markets in which
we compete; operating and marketing efficiencies; revenues; liquidity; cash flows and uses of cash; dividends; capital expenditures;
depreciation and amortization; tax payments; foreign currency exchange rates; hedging arrangements; our ability to repay indebtedness, pay
dividends and invest in initiatives; our products and
2
Page
PART I.
Item 1.
Business
4
Item 1A.
Risk Factors
21
Item 1B.
Unresolved Staff Comments
37
Item 2.
Properties
37
Item 3.
Legal Proceedings
38
Item 4.
Submission of Matters to a Vote of Security Holders
38
PART II.
Item 5.
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
39
Item 6.
Selected Financial Data
42
Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
43
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
83
Item 8.
Financial Statements and Supplementary Data
84
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
84
Item 9A.
Controls and Procedures
84
Item 9B.
Other Information
85
PART III.
Item 10.
Directors, Executive Officers and Corporate Governance
86
Item 11.
Executive Compensation
86
Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
86
Item 13.
Certain Relationships and Related Transactions, and Director Independence
86
Item 14.
Principal Accounting Fees and Services
86
PART IV.
Item 15.
Exhibits, Financial Statement Schedules
87
Signatures
93