Digital River 2006 Annual Report Download - page 72

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DIGITAL RIVER, INC.
Consolidated Balance Sheets
December 31,
2006
December 31,
2005
As Restated(1)
(In thousands)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ....................................... $ 390,243 $131,770
Short-term investments.......................................... 235,699 220,569
Accounts receivable, net of allowance of $2,339 and $1,023 .............. 52,392 34,883
Deferred income taxes .......................................... 19,687 22,660
Prepaid expenses and other....................................... 6,025 3,741
Total current assets ............................................ 704,046 413,623
Property and equipment, net ....................................... 24,079 17,955
Goodwill ...................................................... 243,799 195,299
Intangible assets, net of accumulated amortization of $50,092 and $36,798 ..... 21,106 20,054
Deferred income taxes ............................................ 1,276 10,444
Other assets.................................................... 11,957 12,174
TOTAL ASSETS ................................................ $1,006,263 $669,549
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable.............................................. $ 141,386 $127,846
Accrued payroll ............................................... 12,097 8,866
Deferred revenue .............................................. 7,040 5,403
Accrued acquisition liabilities..................................... 5,654 5,651
Other accrued liabilities ......................................... 39,982 21,210
Total current liabilities .......................................... 206,159 168,976
NON-CURRENT LIABILITIES:
Convertible senior notes ......................................... 195,000 195,000
Other liabilities ............................................... 1,345 22
Total non-current liabilities ...................................... 196,345 195,022
TOTAL LIABILITIES ............................................ 402,504 363,998
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred Stock, $.01 par value; 5,000,000 shares authorized; no shares issued
or outstanding .............................................. — —
Common Stock, $.01 par value; 120,000,000 shares authorized; 40,458,093
and 35,033,741 shares issued and outstanding ....................... 404 350
Additional paid-in capital ........................................ 546,758 325,249
Deferred compensation.......................................... — (1,990)
Retained earnings/(accumulated deficit) ............................. 44,989 (15,627)
Accumulated other comprehensive income (loss)....................... 11,608 (2,431)
Total stockholders’ equity........................................ 603,759 305,551
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ................. $1,006,263 $669,549
(1) See Note 2, “Restatement of Consolidated Financial Statements,” in Notes to Consolidated Financial Statements.
The accompanying notes are an integral part of these consolidated financial statements.
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