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Table of Contents
UNITED ONLINE, INC.
INDEX TO FORM 10-K
For the Year Ended December 31, 2010
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; revenues; segment metrics; operating expenses; market trends, including those in the markets in which we
compete; 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 services;
pricing and revenue streams; competition; strategies; and new business initiatives, products, services, features, and functionality. Potential
factors that could affect the matters about which the forward
-looking statements are made include, among others, the factors disclosed in the
section entitled "Risk Factors" in this Annual Report on Form 10-K and
2
Page
PART I.
Item 1.
Business
4
Item 1A.
Risk Factors
20
Unresolved Staff Comments
37
Item 2.
Properties
37
Item 3.
Legal Proceedings
37
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
81
Item 8.
Financial Statements and Supplementary Data
82
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure
82
Item 9A.
Controls and Procedures
82
Other Information
83
PART III.
Item 10.
Directors, Executive Officers and Corporate Governance
84
Item 11.
Executive Compensation
84
Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
84
Item 13.
Certain Relationships and Related Transactions, and Director Independence
84
Item 14.
Principal Accounting Fees and Services
84
PART IV.
Item 15.
Exhibits, Financial Statement Schedules
85
Signatures
90