LinkedIn 2012 Annual Report Download - page 71

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LINKEDIN CORPORATION
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
December 31,
2012 2011
ASSETS
CURRENT ASSETS:
Cash and cash equivalents .......................................... $ 270,408 $339,048
Short-term investments ............................................ 479,141 238,456
Accounts receivable (net of allowance for doubtful accounts of $3,774 and $5,460 at
December 31, 2012 and 2011, respectively) ............................. 203,607 111,372
Deferred commissions ............................................. 30,232 13,594
Prepaid expenses ................................................ 14,344 10,799
Other current assets .............................................. 21,065 12,658
Total current assets ............................................. 1,018,797 725,927
Property and equipment, net ........................................ 186,677 114,850
Goodwill ...................................................... 115,214 12,249
Intangible assets, net .............................................. 32,780 8,095
Other assets .................................................... 28,862 12,576
TOTAL ASSETS .................................................. $1,382,330 $873,697
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable ................................................ $ 53,559 $ 28,217
Accrued liabilities ................................................ 104,077 58,644
Deferred revenue ................................................ 257,743 139,798
Total current liabilities ........................................... 415,379 226,659
DEFERRED TAX LIABILITIES ...................................... 27,717 18,551
OTHER LONG TERM LIABILITIES .................................. 30,810 3,508
Total liabilities ................................................. 473,906 248,718
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS’ EQUITY (Note 11):
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, no shares issued
and outstanding ................................................ — —
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, no shares issued
and outstanding ................................................ — —
Class A common stock, $0.0001 par value; 1,000,000,000 shares authorized,
89,861,658 and 88,829,278 shares issued and outstanding, respectively, at
December 31, 2012 and 41,645,451 and 40,637,575 shares issued and outstanding,
respectively, at December 31, 2011 .................................. 9 4
Class B common stock, $0.0001 par value; 120,000,000 shares authorized, 19,817,923
and 60,842,819 shares issued and outstanding at December 31, 2012 and 2011,
respectively ................................................... 2 6
Additional paid-in capital .......................................... 879,303 617,629
Accumulated other comprehensive income .............................. 260 100
Accumulated earnings ............................................. 28,850 7,240
Total stockholders’ equity ......................................... 908,424 624,979
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $1,382,330 $873,697
See notes to consolidated financial statements.
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