Pandora 2016 Annual Report Download - page 78
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Pandora Media,€Inc.
Consolidated Balance Sheets
(in thousands, except share and per share amounts)
€
As of December 31,
2014 2015
Assets
Current assets
Cash and cash equivalents $175,957 $334,667
Short-term investments 178,631 35,844
Accounts receivable, net of allowance of $1,218 at December€31, 2014 and $2,165 at
December€31, 2015 218,437 277,075
Prepaid expenses and other current assets 15,389 35,920
Total current assets 588,414 683,506
Long-term investments 104,243 46,369
Property and equipment, net 42,921 66,370
Goodwill — 303,875
Intangible assets, net 6,939 110,745
Other long-term assets 6,773 29,792
Total assets $749,290 $1,240,657
Liabilities and stockholders’ equity €
Current liabilities €
Accounts payable $10,825 $17,897
Accrued liabilities 15,754 37,185
Accrued royalties 73,693 97,390
Deferred revenue 14,412 19,939
Accrued compensation 34,476 43,788
Other current liabilities — 15,632
Total current liabilities 149,160 231,831
Long-term debt, net — 234,577
Other long-term liabilities 16,773 30,862
Total liabilities 165,933 497,270
Stockholders’ equity
Common stock, $0.0001 par value, 1,000,000,000 shares authorized: 209,071,488 shares issued
and outstanding at December€31, 2014 and 224,970,412 at December€31, 2015 21 23
Additional paid-in capital 781,009 1,110,539
Accumulated deficit (196,997)(366,658)
Accumulated other comprehensive loss (676)(517)
Total stockholders’ equity 583,357 743,387
Total liabilities and stockholders’ equity $749,290 $1,240,657
€
The accompanying notes are an integral part of the consolidated financial statements.
Table of Contents
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