Support.com 2006 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2006 Support.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

SUPPORTSOFT, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands except share and per share data)
December 31,
2006 2005
ASSETS
Current assets:
Cash and cash equivalents $ 15,369 $ 23,342
Marketable securities 104,522 97,321
Accounts receivable, less allowance of $373 and $296 at December 31,
2006 and 2005, respectively 15,144 17,437
Prepaid expenses and other current assets 2,894 2,451
Total current assets 137,929 140,551
Property and equipment, net 937 1,211
Goodwill 9,792 9,792
Intangible assets, net 3,155 3,994
Other assets 792 701
Total assets $ 152,605 $ 156,249
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 331 $ 1,030
Accrued compensation 2,112 2,669
Other accrued liabilities 3,813 2,985
Deferred revenue, less long−term portion 13,435 14,060
Total current liabilities 19,691 20,744
Deferred revenue—long−term portion 178 969
Other long−term liabilities 233 142
Commitments and contingencies
Stockholders’ equity:
Preferred stock; par value $0.0001, 5,000,000 shares authorized, no shares
issued or outstanding at December 31, 2006 and 2005 — —
Common stock; par value $0.0001, 150,000,000 shares authorized,
44,587,720 issued and outstanding at December 31, 2006 and 43,627,075
issued and outstanding at December 31, 2005 4 4
Additional paid−in capital 202,440 195,990
Accumulated other comprehensive loss (751) (645)
Accumulated deficit (69,190) (60,955)
Total stockholders’ equity 132,503 134,394
Total liabilities and stockholders’ equity $ 152,605 $ 156,249
See accompanying notes.
43
Source: SUPPORTSOFT INC, 10−K, March 16, 2007