NetSpend 2013 Annual Report Download - page 34

Consolidated Balance Sheets
December 31,
(in thousands, except per share data) 2013 2012
Assets
Current assets:
Cash and cash equivalents (Note 4) ......................................... $ 278,230 247,612
Accounts receivable, net of allowances for doubtful accounts and billing
adjustments of $3.4 million and $3.9 million at 2013 and 2012, respectively ...... 264,238 247,083
Deferred income tax assets (Note 14) ....................................... 14,770 9,825
Prepaid expenses and other current assets (Note 5) ............................ 96,695 70,206
Total current assets ..................................................... 653,933 574,726
Goodwill (Note 6) .......................................................... 1,543,179 518,344
Other intangible assets, net of accumulated amortization (Note 7) ................. 481,419 130,054
Computer software, net of accumulated amortization (Note 8) ..................... 369,773 226,917
Property and equipment, net of accumulated depreciation and amortization
(Note 9) ................................................................ 265,216 260,389
Contract acquisition costs, net of accumulated amortization (Note 10) .............. 184,890 161,267
Equity investments, net (Note 11) ............................................. 94,133 87,764
Deferred income tax assets (Note 14) ......................................... 5,840 5,334
Other assets .............................................................. 88,185 59,043
Total assets ........................................................... $3,686,568 2,023,838
Liabilities
Current liabilities:
Accrued salaries and employee benefits ..................................... $ 38,775 26,243
Accounts payable ........................................................ 36,463 63,370
Current portion of long-term borrowings (Note 12) ............................ 34,257 27,361
Current portion of obligations under capital leases (Note 12) .................... 23,032 13,263
Other current liabilities (Note 13) ........................................... 164,688 100,282
Total current liabilities .................................................. 297,215 230,519
Long-term borrowings, excluding current portion (Note 12) ....................... 1,428,251 174,859
Deferred income tax liabilities (Note 14) ....................................... 228,727 48,074
Obligations under capital leases, excluding current portion (Note 12) ............... 7,500 17,155
Other long-term liabilities ................................................... 82,797 68,791
Total liabilities ......................................................... 2,044,490 539,398
Redeemable noncontrolling interest in consolidated subsidiary ................. 39,652 39,505
Commitments and contingencies (Note 15)
Equity
Shareholders’ equity (Notes 17, 18, 19, and 20):
Common stock — $0.10 par value. Authorized 600,000 shares; 202,790 and 202,471
issued at 2013 and 2012, respectively; 187,717 and 187,031 outstanding at 2013
and 2012, respectively .................................................. 20,279 20,247
Additional paid-in capital .................................................. 165,841 141,793
Accumulated other comprehensive income, net ............................... 3,749 1,408
Treasury stock, at cost (15,073 and 15,440 shares at 2013 and 2012, respectively) . . (326,996) (287,301)
Retained earnings ........................................................ 1,718,204 1,549,063
Total shareholders’ equity ............................................... 1,581,077 1,425,210
Noncontrolling interests in consolidated subsidiaries ............................. 21,349 19,725
Total equity ........................................................... 1,602,426 1,444,935
Total liabilities and equity ............................................... $3,686,568 2,023,838
See accompanying Notes to Consolidated Financial Statements
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