Stamps.com 2011 Annual Report Download - page 51

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STAMPS.COM INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
The accompanying notes are an integral part of these consolidated financial statements.
Table of Contents
December 31,
2011
2010
Assets
Current assets:
Cash and cash equivalents
$
54,087
$
8,071
Restricted cash
500
—
Short
-
term investments
1,397
12,291
Accounts receivable, net
10,466
4,868
Other current assets
5,476
4,015
Total current assets
71,926
29,245
Property and equipment, net
2,165
1,694
Intangible assets, net
837
885
Long
-
term investments
13,379
14,937
Deferred income taxes
16,125
7,650
Other assets
3,548
3,031
Total assets
$
107,980
$
57,442
Liabilities and Stockholders
’
Equity
Current liabilities:
Accounts payable and accrued expenses
$
12,075
$
9,011
Deferred revenue
1,898
4,193
Total current liabilities
13,973
13,204
Commitments and contingencies
Stockholders
’
equity:
Common stock, $.001 par value Authorized shares: 47,500 in 2011 and 2010Issued shares: 26,856 in 2011
and 24,757 in 2010Outstanding shares: 16,163 in 2011 and 14,490 in 2010
49
47
Additional paid
-
in capital
637,483
608,522
Treasury stock, at cost, 10,693 shares in 2011 and 10,267 shares in 2010
(123,472
)
(118,151
)
Accumulated deficit
(420,338
)
(446,603
)
Accumulated other comprehensive income
285
423
Total stockholders’ equity
94,007
44,238
Total liabilities and stockholders
’
equity
$
107,980
$
57,442
F
-
2