Support.com 2009 Annual Report Download - page 41

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Table of Contents
SUPPORT.COM, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands except share and per share data)
December 31,
2009 2008
ASSETS
Current assets:
Cash and cash equivalents $ 23,547 $ 64,306
Short-term investments 56,488 7,784
Auction-rate securities put option 1,289 —
Accounts receivable, less allowance of $9 and none at December 31, 2009 and 2008, respectively 3,190 2,113
Prepaid expenses and other current assets 1,252 1,128
Current assets of discontinued operations — 8,785
Total current assets 85,766 84,116
Long-term investments 3,444 15,766
Auction-rate securities put option—long-term — 7,148
Property and equipment, net 447 1,065
Purchased technology, net 309 —
Goodwill 10,171 2,854
Intangible assets, net 1,450 417
Other assets 372 886
Long-term assets of discontinued operations — 11,334
Total assets $ 101,959 $ 123,586
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 99 $ 890
Accrued compensation 745 1,469
Other accrued liabilities 3,045 3,534
Deferred revenue 726 22
Current liabilities of discontinued operations — 9,772
Total current liabilities 4,615 15,687
Other long-term liabilities 992 1,434
Long-term liabilities of discontinued operations — 1,019
Total liabilities 5,607 18,140
Commitments and contingencies
Stockholders’ equity:
Common stock; par value $0.0001, 150,000,000 shares authorized; 46,460,554 issued and outstanding at
December 31, 2009 and 46,141,743 issued and outstanding at December 31, 2008 5 5
Additional paid-in capital 221,822 217,647
Accumulated other comprehensive loss (1,233) (2,541)
Accumulated deficit (124,242) (109,665)
Total stockholders’ equity 96,352 105,446
Total liabilities and stockholders’ equity $ 101,959 $ 123,586
See accompanying notes.
40
Source: Support.com, Inc., 10-K, March 12, 2010 Powered by Morningstar® Document Research℠