Stamps.com 2005 Annual Report Download - page 22

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Item 6. Selected Financial Data
The following data should be read in conjunction with the “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and our consolidated financial statements, including the notes thereto, included elsewhere in this Report.
19
Year Ended December 31,
2005
2004
2003
2002
2001
(in thousands, except per share data)
Statement of Operations Data:
Revenues
$
61,911
$
38,112
$
21,200
$
16,329
$
19,427
Cost and expenses:
Cost of sales
17,434
13,307
8,264
5,328
7,954
Research and development
6,596
6,221
4,820
4,790
12,578
Sales and marketing
19,804
12,586
6,298
2,509
9,684
General and administrative
9,633
12,985
14,459
15,467
33,036
Impairment of goodwill
—
—
—
—
163,634
Restructuring charges
—
—
—
—
25,974
Income (loss) from operations
8,444
(6,987
)
(12,641
)
(11,765
)
(233,433
)
Other income, net
2,231
2,254
3,314
4,918
10,062
Gain from shut down of EncrypTix
—
—
—
—
23,195
Loss from sale of iShip
—
—
—
—
(
9,397
)
Provision for income taxes
246
—
—
—
—
Net income (loss)
$
10,429
$
(4,733
)
$
(9,327
)
$
(6,847
)
$
(209,573
)
Basic net income (loss) per share
$
0.46
$
(0.21
)
$
(0.42
)
$
(0.28
)
$
(8.28
)
Diluted net income (loss) per share
$
0.44
$
(0.21
)
$
(0.42
)
$
(0.28
)
$
(8.28
)
Weighted average shares outstanding used in basic
per-share calculation
22,738
22,361
22,056
24,645
25,322
Weighted average shares outstanding used in diluted
per-share calculation
23,744
22,361
22,056
24,645
25,322
As of December 31,
2005
2004
2003
2002
2001
(in thousands)
Balance Sheet Data:
Cash and investments
$
103,979
$
87,207
$
162,774
$
172,714
$
192,924
Working capital
36,295
26,911
74,553
99,410
185,786
Total assets
118,454
100,428
178,264
188,951
222,586
Line of credit, capital lease obligations and other
long-term liabilities
—
—
—
—
98
Total stockholders’ equity
109,940
94,887
174,485
186,336
217,259