TeleNav 2010 Annual Report Download - page 77

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TELENAV, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
June 30,
2010 2009
Assets
Current assets:
Cash and cash equivalents ................................................ $112,862 $33,128
Accounts receivable; net of allowances of $246 and $229 at June 30, 2010 and 2009,
respectively ......................................................... 37,322 23,938
Deferred income taxes, current ............................................ 3,247 2,053
Prepaid expenses and other current assets ................................... 3,020 2,872
Total current assets ................................................. 156,451 61,991
Property and equipment, net .................................................. 9,637 6,615
Deferred income taxes ....................................................... 1,874 423
Deposits and other assets ..................................................... 5,758 3,181
Total assets ....................................................... $173,720 $72,210
Liabilities, convertible preferred stock and stockholders’ equity
Current liabilities:
Accounts payable ...................................................... $ 2,507 $ 2,115
Accrued compensation .................................................. 5,583 3,784
Accrued royalties ....................................................... 2,988 3,335
Other accrued expenses .................................................. 2,721 1,875
Deferred revenue ....................................................... 6,746 3,472
Warrant liability, current ................................................. — 2,511
Income taxes payable ................................................... 1,028 —
Total current liabilities .............................................. 21,573 17,092
Other liabilities ............................................................ 3,110 374
Commitments and contingencies
Convertible preferred stock:
$0.001 par value: 23,358 shares authorized; none and 23,084 shares issued and
outstanding at June 30, 2010 and 2009, respectively; ......................... — 51,368
Stockholders’ equity:
Preferred stock, $0.001 par value: 50,000 shares authorized; no shares issued or
outstanding ......................................................... — —
Common stock, $0.001 par value: 600,000 shares authorized; 42,140 and 11,320
shares issued and outstanding at June 30, 2010 and 2009, respectively ........... 42 11
Additional paid-in capital ................................................ 109,687 3,490
Accumulated other comprehensive income .................................. 399 404
Retained earnings (deficit) ............................................... 38,909 (529)
Total stockholders’ equity ................................................ 149,037 3,376
Total liabilities, convertible preferred stock and stockholders’ equity .......... $173,720 $72,210
See Notes to Consolidated Financial Statements.
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