iRobot 2011 Annual Report Download - page 96
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Form 10-K
iROBOT CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
2011
January 1,
2011
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents ............................................... $166,308 $108,383
Short term investments ................................................. 17,811 13,928
Accounts receivable, net of allowance of $87 and $88 at December 31, 2011 and
January 1, 2011, respectively .......................................... 43,338 34,056
Unbilled revenue ...................................................... 2,362 4,012
Inventory ............................................................ 31,089 27,160
Deferred tax assets ..................................................... 15,344 12,917
Other current assets .................................................... 7,928 6,137
Total current assets .................................................. 284,180 206,593
Property and equipment, net ............................................. 29,029 25,620
Deferred tax assets ..................................................... 6,127 8,338
Other assets .......................................................... 12,877 13,780
Total assets ........................................................ $332,213 $254,331
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED AND
STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ...................................................... $ 48,406 $ 38,689
Accrued expenses ..................................................... 17,188 15,790
Accrued compensation ................................................. 17,879 17,827
Deferred revenue and customer advances ................................... 1,527 3,534
Total current liabilities ............................................... 85,000 75,840
Long term liabilities ................................................... 4,255 3,584
Commitments and contingencies (Note 11):
Redeemable convertible preferred stock, 5,000,000 shares authorized and no shares
issued or outstanding ................................................. — —
Common stock, $0.01 par value, 100,000,000 and 100,000,000 shares authorized and
27,216,555 and 25,844,840 shares issued and outstanding at December 31, 2011
and January 1, 2011, respectively ....................................... 272 258
Additional paid-in capital ............................................... 184,395 156,620
Retained earnings ..................................................... 58,140 17,949
Accumulated other comprehensive income .................................. 151 80
Total stockholders’ equity ............................................. 242,958 174,907
Total liabilities, redeemable convertible preferred stock and stockholders’
equity ........................................................... $332,213 $254,331
See accompanying Notes to Consolidated Financial Statements
49