Redbox 2007 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2007 Redbox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

COINSTAR, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
2007 2006
December 31,
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ........................................... $ 18,497 $ 18,687
Cash in machine or in transit ......................................... 78,097 63,740
Cash being processed ............................................... 99,998 95,737
Accounts receivable, net of allowance for doubtful accounts of $1,489 and $1,050
at December 31, 2007 and 2006, respectively ........................... 49,809 21,339
Inventory ........................................................ 33,360 39,334
Deferred income taxes .............................................. 3,459 17,775
Prepaid expenses and other current assets ................................ 18,747 13,371
Total current assets ............................................... 301,967 269,983
PROPERTY AND EQUIPMENT, NET .................................... 146,041 160,962
DEFERRED INCOME TAXES ......................................... 16,447 34
OTHER ASSETS.................................................... 15,150 3,807
EQUITY INVESTMENTS ............................................. 33,052 31,259
INTANGIBLE ASSETS, NET .......................................... 34,457 43,121
GOODWILL ....................................................... 221,459 208,917
TOTAL ASSETS .................................................... $768,573 $718,083
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable .................................................. $ 49,829 $ 57,536
Accrued liabilities payable to retailers ................................... 99,998 95,737
Other accrued liabilities ............................................. 40,911 35,693
Current portion of long-term debt and capital lease obligations ................ 6,505 7,883
Total current liabilities ............................................ 197,243 196,849
LONG-TERM DEBT, CAPITAL LEASE OBLIGATIONS AND OTHER .......... 266,146 192,381
DEFERRED TAX LIABILITY .......................................... 54 7,488
TOTAL LIABILITIES ................................................ 463,443 396,718
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value — Authorized, 5,000,000 shares; no shares issued
and outstanding at December 31, 2007 and 2006 ......................... — —
Common stock, $0.001 par value — Authorized, 45,000,000 shares; 29,665,125 and
29,383,150 issued and 27,739,044 and 27,816,011 shares outstanding at
December 31, 2007 and 2006, respectively ............................. 354,509 343,229
(Accumulated deficit) retained earnings ................................. (16,784) 5,469
Treasury stock .................................................... (40,831) (30,806)
Accumulated other comprehensive income ............................... 8,236 3,473
Total stockholders’ equity .......................................... 305,130 321,365
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ..................... $768,573 $718,083
See notes to Consolidated Financial Statements
43