Shutterfly 2009 Annual Report Download - page 68

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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,
2008
2007
ASSETS
Current assets:
Cash and cash equivalents
$
88,164
$
122,582
Short
-
term investments
—
3,002
Accounts receivable, net
5,992
4,480
Inventories
3,610
4,788
Deferred tax asset, current portion
1,194
1,677
Prepaid expenses and other current assets
4,749
4,510
Total current assets
103,709
141,039
Long
-
term investments
52,250
—
Property and equipment, net
48,006
48,416
Goodwill and intangible assets, net
14,547
3,859
Deferred tax asset, net of current portion
11,877
13,294
Other assets
2,417
2,162
Total assets
$
232,806
$
208,770
LIABILITIES AND STOCKHOLDERS
’
EQUITY
Current liabilities:
Accounts payable
$
11,214
$
8,783
Accrued liabilities
24,712
18,724
Deferred revenue
9,461
8,699
Current portion of capital lease obligations
90
808
Total current liabilities
45,477
37,014
Other liabilities
1,001
1,083
Capital lease obligations, less current portion
17
107
Total liabilities
46,495
38,204
Commitments and contingencies (Note 7)
Stockholders
’
equity:
Undesignated preferred stock, $0.0001 par value; 5,000 shares authorized at December 31, 2008 and 2007,
respectively; no shares issued and outstanding
—
—
Common stock, $0.0001 par value; 100,000 shares authorized; 25,138 and 24,805 shares issued and
outstanding at December 31, 2008 and December 31, 2007, respectively
2
2
Additional paid
-
in capital
201,993
190,849
Accumulated other comprehensive loss
—
(
12
)
Deferred stock
-
based compensation
—
(
28
)
Accumulated deficit
(15,684
)
(20,245
)
Total stockholders’ equity
186,311
170,566
Total liabilities and stockholders’ equity
$
232,806
$
208,770
66