Shutterfly 2014 Annual Report Download - page 74
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SHUTTERFLY, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value amounts)
December 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents ............................... $ 380,543 $ 499,084
Short-term investments ................................. 64,866 —
Accounts receivable, net ................................ 31,105 21,641
Inventories .......................................... 13,016 9,629
Deferred tax asset, current portion ......................... 34,645 26,942
Prepaid expenses and other current assets .................... 24,983 21,260
Total current assets ................................. 549,158 578,556
Long-term investments ................................... 29,928 —
Property and equipment, net ............................... 241,742 155,727
Intangible assets, net ..................................... 87,950 118,621
Goodwill ............................................. 408,975 397,306
Deferred tax asset, net of current portion ...................... 549 520
Other assets ........................................... 13,976 15,412
Total assets ....................................... $ 1,332,278 $ 1,266,142
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ..................................... $ 30,086 $ 33,656
Accrued liabilities ..................................... 135,485 107,448
Deferred revenue ..................................... 31,415 24,114
Total current liabilities .............................. 196,986 165,218
Convertible senior notes, net ............................. 255,218 243,493
Deferred tax liability ................................... 48,090 42,995
Other liabilities ....................................... 74,178 26,341
Total liabilities .................................... 574,472 478,047
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.0001 par value; 100,000 shares authorized; 37,906
and 38,196 shares issued and outstanding on December 31, 2014
and December 31, 2013, respectively ...................... 4 4
Additional paid-in capital ................................ 838,313 771,875
Accumulated other comprehensive loss ...................... (53) —
Accumulated earnings/(deficit) ............................ (80,458) 16,216
Total stockholders’ equity .............................. 757,806 788,095
Total liabilities and stockholders’ equity .................... $ 1,332,278 $ 1,266,142
The accompanying notes are an integral part of these consolidated financial statements.
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