Priceline 2010 Annual Report Download - page 153

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priceline.com Incorporated
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
December 31,
ASSETS 2010 2009
Current assets:
Cash and cash equivalents ............................................................................... $ 358,967 $ 202,141
Restricted cash ................................................................................................ 1,050
1,319
Short-term investments ................................................................................... 1,303,251
598,014
Accounts receivable, net of allowance for doubtful accounts of
$6,353 and $5,023, respectively ................................................................... 162,426 118,659
Prepaid expenses and other current assets ....................................................... 61,211 36,828
Deferred income taxes ..................................................................................... 70,559 65,980
Total current assets ........................................................................................ 1,957,464 1,022,941
Property and equipment, net ................................................................................... 39,739 30,489
Intangible assets, net ............................................................................................... 232,030 172,080
Goodwill ................................................................................................................. 510,894 350,630
Deferred income taxes ............................................................................................ 151,408 253,700
Other assets ............................................................................................................. 14,418 4,384
Total assets ...................................................................................................... $2,905,953 $1,834,224
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ............................................................................................ $ 90,311 $ 60,568
Accrued expenses and other current liabilities ................................................ 243,767 127,561
Deferred merchant bookings ........................................................................... 136,915 60,758
Convertible debt (see Note 11) ........................................................................ 175 159,878
Total current liabilities .................................................................................. 471,168 408,765
Deferred income taxes ............................................................................................ 56,440 43,793
Other long-term liabilities ...................................................................................... 42,990 24,052
Convertible debt (See Note 11) .............................................................................. 476,230 -
Total liabilities ...................................................................................................... 1,046,828 476,610
Commitments and Contingencies (see Note 16)
Redeemable noncontrolling interests (See Note 13) ............................................... 45,751 -
Convertible debt (see Note 11) ............................................................................... 38 35,985
Stockholders’ equity:
Common stock, $0.008 par value, authorized 1,000,000,000 shares,
56,567,236 and 52,446,173 shares issued, respectively .................................. 438 405
Treasury stock, 7,421,128 and 6,865,119 shares, respectively........................ (640,415) (510,970)
Additional paid-in capital ................................................................................ 2,417,092
2,289,867
Accumulated earnings (deficit) ....................................................................... 69,110
(454,673)
Accumulated other comprehensive loss .......................................................... (32,889)
(3,000)
Total stockholders’ equity ............................................................................. 1,813,336 1,321,629
Total liabilities and stockholders’ equity .................................................... $2,905,953 $1,834,224
See Notes to Consolidated Financial Statements.