Digital River 2006 Annual Report Download - page 104

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Sales to international customers accounted for 41%, 39% and 31% of revenue for 2006, 2005 and 2004,
respectively. Sales are attributed to a geographic region based on the ordering location of the customer.
Summarized revenue information by region for fiscal 2006, 2005 and 2004 is as follows (dollars in
thousands):
2006 2005 2004
United States ............................................. $180,905 $135,110 $106,350
Europe . ................................................. 87,854 59,951 35,450
Other ................................................... 38,873 25,347 12,330
Total. ................................................. $307,632 $220,408 $154,130
Revenue derived from sales of product from one software publisher, Symantec Corporation, accounted for
approximately 30.2%, 29.7% and 27.2% of our total revenue in 2006, 2005 and 2004, respectively. In addition,
revenues derived from proprietary Digital River services sold to Symantec end-users and dealer network sales
of Symantec products amounted to approximately 16.6% of total Digital River revenue in 2006, 14.4% in
2005 and 10.8% in 2004.
The following table presents selected asset information by geographic area based on the physical location
of the assets (in thousands):
United States Europe United States Europe
2006 2005
Total property and equipment .................... $ 46,997 $ 9,384 $ 46,694 $ 5,306
Accumulated depreciation ....................... (27,904) (4,398) (30,691) (3,354)
Net property and equipment .................... $ 19,093 $ 4,986 $ 16,003 $ 1,952
Total intangible assets .......................... $ 55,590 $ 15,608 $ 42,871 $ 13,981
Accumulated amortization ....................... (36,021) (14,071) (28,995) (7,803)
Net intangible assets ......................... $ 19,569 $ 1,537 $ 13,876 $ 6,178
Total goodwill ................................ $145,454 $120,800 $109,374 $108,380
Accumulated amortization ....................... (22,455) — (22,455) —
Net goodwill ............................... $122,999 $120,800 $ 86,919 $108,380
13. Selected Quarterly Financial Information (Unaudited)
The following tables set forth a summary of the Company’s quarterly financial information for each of
the four quarters ended December 31, 2006 and 2005 (in thousands, except per share amounts):
March 31 June 30 September 30 December 31
Quarter Ended
(In thousands, except per share data)
2006
Revenue ................................... $78,014 $71,277 $75,337 $83,004
Income from operations ....................... 20,824 14,189 14,565 18,017
Net income ................................ 16,377 13,289 14,788 16,355
Net income per share — basic ................... $ 0.46 $ 0.34 $ 0.37 $ 0.41
Net income per share — diluted ................. $ 0.41 $ 0.30 $ 0.33 $ 0.36
100
DIGITAL RIVER, INC.
Notes to Consolidated Financial Statements — (Continued)