Shutterfly 2015 Annual Report Download - page 74
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SHUTTERFLY, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value amounts)
December 31,
2015 2014
ASSETS
Current assets:
Cash and cash equivalents ........................................ $ 288,863 $ 380,543
Short-term investments .......................................... 22,918 64,866
Accounts receivable, net ......................................... 55,222 31,105
Inventories .................................................... 13,466 13,016
Deferred tax asset, current portion ................................. — 34,645
Prepaid expenses and other current assets ........................... 33,147 24,983
Total current assets ......................................... 413,616 549,158
Long-term investments ............................................ 29,005 29,928
Property and equipment, net ........................................ 281,779 241,742
Intangible assets, net .............................................. 62,323 87,950
Goodwill ....................................................... 408,975 408,975
Deferred tax asset, net of current portion .............................. 1,710 549
Other assets ..................................................... 11,176 13,976
Total assets ............................................... $ 1,208,584 $ 1,332,278
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .............................................. $ 35,329 $ 30,086
Accrued liabilities .............................................. 149,134 135,485
Deferred revenue ............................................... 27,329 31,415
Total current liabilities ...................................... 211,792 196,986
Convertible senior notes, net ...................................... 267,618 255,218
Deferred tax liability ............................................ 12,447 48,090
Other liabilities ................................................ 110,665 74,178
Total liabilities ............................................ 602,522 574,472
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.0001 par value; 100,000 shares authorized; 34,777 and
37,906 shares issued and outstanding on December 31, 2015 and
December 31, 2014, respectively ................................ 4 4
Additional paid-in capital ........................................ 900,218 838,313
Accumulated other comprehensive loss ............................. (68) (53)
Accumulated deficit ............................................ (294,092) (80,458)
Total stockholders’ equity ...................................... 606,062 757,806
Total liabilities and stockholders’ equity .......................... $ 1,208,584 $ 1,332,278
The accompanying notes are an integral part of these consolidated financial statements.
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