Stamps.com 2001 Annual Report Download - page 43

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STAMPS.COM INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December31,
--------------------
2001 2000
--------- ---------
(in thousands, except
par value)
ASSETS
Current assets:
Cash and cash equivalents........................................................ $ 101,703 $ 69,536
Short-term investments........................................................... 76,921 174,393
Restricted cash.................................................................. 6,767 4,010
Accounts receivable, net of allowance of $0 in 2001 and $619 in 2000............. 2,000 2,546
Note receivable from former officer, net of allowance of $3,346 in 2001 and 2000. 3,181 3,181
Prepaid advertising.............................................................. -- 2,965
Other current assets............................................................. 541 2,220
--------- ---------
Total current assets......................................................... 191,113 258,851
Property and equipment, net......................................................... 11,076 45,585
Goodwill and patents, net of accumulated amortization of $807 in 2001 and $42,738 in
2000.............................................................................. 6,950 166,450
Long-term investments............................................................... 7,533 --
Other assets........................................................................ 5,914 16,052
--------- ---------
Total assets................................................................. $ 222,586 $ 486,938
========= =========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of capital lease obligations..................................... $ 98 $ 3,828
Accounts payable................................................................. 64 3,656
Accrued expenses................................................................. 4,671 9,702
Accrued payroll and related...................................................... 494 5,211
Deferred revenue................................................................. -- 1,809
--------- ---------
Total current liabilities.................................................... 5,327 24,206
Capital lease obligations, less current portion..................................... -- 5,286
Minority interest................................................................... -- 34,765
Commitments and contingencies (See Notes 10 and 15)
Stockholders' equity:
Common stock, $.001 par value....................................................
Authorized shares 95,000 in 2001 and 2000........................................
Issued and outstanding shares of 50,731 in 2001 and 49,654 in 2000............... 50 49
Additional paid-in capital....................................................... 700,455 708,007
Note receivable from stock sales................................................. (101) (101)
Deferred compensation............................................................ (314) (11,642)
Accumulated deficit.............................................................. (483,205) (273,632)
Other comprehensive income....................................................... 374 --
--------- ---------
Total stockholders' equity................................................... 217,259 422,681
--------- ---------
Total liabilities and stockholders' equity................................... $ 222,586 $ 486,938
========= =========
See accompanying notes.
F-2
2002. EDGAR Online, Inc.