Digital River 2006 Annual Report Download - page 107

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The following tables present the effects of adjustments made to our previously reported quarterly
consolidated balance sheets (in thousands):
As Previously
Reported Adjustments As Restated(1)
As Previously
Reported Adjustments As Restated(1)
September 30, 2005 June 30, 2005
ASSETS
CURRENT ASSETS:
Cash and cash equivalents . . . . . . $145,068 $ — $145,068 $142,221 $ — $142,221
Short-term investments ........ 210,217 — 210,217 179,824 — 179,824
Accounts receivable, net of
allowance . . ............. 25,540 — 25,540 21,903 — 21,903
Deferred income taxes . ........ — — — — — —
Prepaid expenses and other . . . . . . 5,123 — 5,123 3,109 — 3,109
Total current assets . . . ........ 385,948 — 385,948 347,057 — 347,057
Property and equipment, net ....... 18,470 — 18,470 19,314 — 19,314
Goodwill . .................. 156,515 — 156,515 156,279 — 156,279
Intangible assets, net of accumulated
amortization . . ............. 13,089 — 13,089 15,194 — 15,194
Deferred income taxes . . ........ — — — — — —
Other assets ................. 9,637 — 9,637 9,566 — 9,566
TOTAL ASSETS . ............. $583,659 $ — $583,659 $547,410 $ — $547,410
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable ............ $ 91,983 — $ 91,983 $ 84,879 — $ 84,879
Accrued payroll ............. 7,263 — 7,263 4,254 — 4,254
Deferred revenue ............ 4,309 — 4,309 4,419 — 4,419
Accrued acquisition costs ....... 5,297 — 5,297 6,588 — 6,588
Other accrued liabilities ........ 16,903 — 16,903 16,987 — 16,987
Total current liabilities . ........ 125,755 — 125,755 117,127 — 117,127
NON-CURRENT LIABILITIES:
Convertible senior notes ........ 195,000 — 195,000 195,000 — 195,000
Other liabilities ............. 3,245 — 3,245 3,245 — 3,245
Total non-current liabilities . . . . . . 198,245 — 198,245 198,245 — 198,245
TOTAL LIABILITIES . . ........ 324,000 — 324,000 315,372 — 315,372
COMMITMENTS AND
CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred Stock, $.01 par value;
5,000,000 shares authorized; no
shares issued or outstanding . . . . — — — — — —
Common Stock ............. 352 — 352 342 — 342
Additional paid-in capital ....... 277,021 9,770 286,791 261,103 9,797 270,900
Deferred compensation ........ — (72) (72) — (144) (144)
Retained earnings/(accumulated
deficit) ................. (16,721) (9,698) (26,419) (29,079) (9,653) (38,732)
Accumulated other comprehensive
income (loss) ............. (993) — (993) (328) — (328)
Total stockholders’ equity ....... 259,659 — 259,659 232,038 — 232,038
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY . . . . $583,659 $ — $583,659 $547,410 $ — $547,410
(1) See Note 2, “Restatement of Consolidated Financial Statements,” in Notes to Consolidated Financial
Statements.
103
DIGITAL RIVER, INC.
Notes to Consolidated Financial Statements — (Continued)