Groupon 2013 Annual Report Download - page 106

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GROUPON, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
98
The following table summarizes the allocation of the aggregate acquisition price of acquisitions for the year ended
December 31, 2013 (in thousands):
Net working capital (including acquired cash of $2.1 million)........................................ $ 1,728
Property and equipment.................................................................................................... 99
Goodwill ........................................................................................................................... 9,504
Intangible assets: (1)
Subscriber relationships ................................................................................................. 1,928
Merchant relationships ................................................................................................... 757
Developed technology.................................................................................................... 2,742
Other intangible assets ................................................................................................... 50
Net deferred tax liabilities ................................................................................................ (731)
Total acquisition price....................................................................................................... $ 16,077
(1) Acquired intangible assets have estimated useful lives of between 1 and 5 years.
Pro forma results of operations have not been presented because the effects of these business combinations, individually
and in the aggregate, were not material to the Company's consolidated results of operations.
2012 Acquisition Activity
The primary purpose of the Company's acquisitions during the year ended December 31, 2012 was to enhance the
Company's technology and marketing capabilities and to expand and advance product offerings. The aggregate acquisition-date
fair value of the consideration transferred for these acquisitions totaled $54.9 million, which consisted of the following (in
thousands):
Fair Value of Consideration Transferred Fair Value
Cash................................................................ $ 49,013
Purchase price obligations.............................. 2,485
Contingent consideration................................ 3,400
Total................................................................ $ 54,898