Rosetta Stone 2010 Annual Report Download - page 76
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Table of Contents
ROSETTA STONE INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
As of December 31,
2010 2009
Assets
Current assets:
Cash and cash equivalents $115,756 $ 95,188
Restricted cash 85 50
Short term investments 6,410 —
Accounts receivable (net of allowance for doubtful accounts of $1,761 and $1,349, respectively) 48,056 37,400
Inventory, net 9,928 8,984
Prepaid expenses and other current assets 7,763 7,447
Income tax receivable 2,210 —
Deferred income taxes 11,159 6,020
Total current assets 201,367 155,089
Property and equipment, net 21,073 18,374
Goodwill 34,856 34,838
Intangible assets, net 10,948 10,704
Deferred income taxes 6,498 5,565
Other assets 1,732 872
Total assets $276,474 $225,442
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $ 7,631 $ 1,605
Accrued compensation 10,514 10,463
Other current liabilities 32,625 25,638
Deferred revenue 41,965 24,291
Income tax payable — 4,184
Total current liabilities 92,735 66,181
Deferred revenue 5,193 1,815
Other long-term liabilities 230 1,011
Total liabilities 98,158 69,007
Commitments and contingencies (Note 14)
Stockholders' equity:
Preferred Stock, $0.001 par value; 10,000 and 10,000 shares authorized; zero and zero shares issued
and outstanding at December 31, 2010 and December 31, 2009, respectively — —
Non-designated common stock, $0.00005 par value, 190,000 and 190,000 shares authorized, 20,975
and 20,440 shares issued and outstanding at December 31, 2010 and December 31, 2009,
respectively 2 2
Additional paid-in capital 139,022 130,872
Accumulated income 39,069 25,785
Accumulated other comprehensive income (loss) 223 (224)
Total stockholders' equity 178,316 156,435
Total liabilities and stockholders' equity $276,474 $225,442
See accompanying notes to consolidated financial statements.
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