Shutterfly 2008 Annual Report Download - page 45

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SHUTTERFLY, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
December 31,
2007
2006
ASSETS
Current assets:
Cash and cash equivalents
$
122,582
$
119,051
Short
-
term investments
3,002
—
Accounts receivable, net
4,480
2,164
Inventories
4,788
2,493
Deferred tax asset, current portion
1,677
2,129
Prepaid expenses and other current assets
4,510
2,760
Total current assets
141,039
128,597
Property and equipment, net
48,416
30,919
Goodwill and intangible assets, net
3,859
1,396
Deferred tax asset, net of current portion
13,294
18,754
Other assets
2,162
494
Total assets
$
208,770
$
180,160
LIABILITIES AND STOCKHOLDERS
’
EQUITY
Current liabilities:
Accounts payable
$
8,783
$
9,385
Accrued liabilities
18,724
8,808
Deferred revenue
8,699
6,278
Current portion of capital lease obligations
808
1,961
Total current liabilities
37,014
26,432
Other liabilities
1,083
660
Capital lease obligations, less current portion
107
1,742
Total liabilities
38,204
28,834
Commitments and contingencies (Note 6)
Stockholders
’
equity:
Undesignated preferred stock, $0.0001 par value; 5,000 shares authorized at December 31, 2007 and 2006, respectively; no shares issued
and outstanding
—
—
Common stock, $0.0001 par value; 100,000 shares authorized; 24,805 and 23,705 shares issued and outstanding at December 31, 2007
and December 31, 2006, respectively
2
2
Additional paid
-
in capital
190,849
181,890
Accumulated other comprehensive loss
(12
)
(35
)
Deferred stock
-
based compensation
(28
)
(191
)
Accumulated deficit
(20,245
)
(30,340
)
Total stockholders
’
equity
170,566
151,326
Total liabilities and stockholders’ equity
$
208,770
$
180,160
30