FTD.com 2011 Annual Report Download - page 109
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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-3
December 31,
2011 2010
Assets
Current assets:
Cash and cash equivalents
$
136,105
$
100,264
Accounts receivable, net of allowance for doubtful accounts of $10,521
and $10,431 at December 31, 2011 and 2010, respectively
43,177
49,797
Deferred tax assets, net
15,587
14,200
Other current assets
32,897
28,494
Total current assets
227,766
192,755
Property and equipment, net
62,460
63,893
Goodwill
458,818
459,409
Intangible assets, net
234,461
262,775
Other assets
12,852
13,326
Total assets
$
996,357
$
992,158
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$
64,649
$
71,659
Accrued liabilities
54,850
48,881
Member redemption liability
17,934
19,899
Deferred revenue
56,047
71,673
Current portion of long
-
term debt
2,650
—
Total current liabilities
196,130
212,112
Member redemption liability
4,519
4,967
Deferred revenue
1,868
3,021
Long
-
term debt, net of discounts
258,474
258,084
Deferred tax liabilities, net
44,098
42,677
Other liabilities
11,133
16,816
Total liabilities
516,222
537,677
Commitments and contingencies (see Note 13)
Stockholders' equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized; no shares
issued or outstanding at December 31, 2011 and 2010
—
—
Common stock, $0.0001 par value; 300,000 shares authorized; 89,423
and 86,745 shares issued and outstanding at December 31, 2011 and
2010, respectively
9
9
Additional paid
-
in capital
496,868
493,387
Accumulated other comprehensive loss
(35,393
)
(33,628
)
Retained earnings (accumulated deficit)
18,651
(5,287
)
Total stockholders' equity
480,135
454,481
Total liabilities and stockholders' equity
$
996,357
$
992,158