Digital River 2006 Annual Report Download - page 85
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The following table presents the effects of the stock-based compensation and related tax adjustments
made to the Company’s previously reported consolidated balance sheet as of December 31, 2005 (in thousands,
except share amounts).
As Reported Adjustments As Restated(1)
December 31, 2005
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ................................ $131,770 $ — $131,770
Short-term investments .................................. 220,569 — 220,569
Accounts receivable, net of allowance of $1,023 ................ 34,883 — 34,883
Deferred income taxes ................................... 22,251 409 22,660
Prepaid expenses and other . . ............................. 3,741 — 3,741
Total current assets ..................................... 413,214 409 413,623
Property and equipment, net ................................ 17,955 — 17,955
Goodwill .............................................. 195,299 — 195,299
Intangible assets, net of accumulated amortization of $36,798........ 20,054 — 20,054
Deferred income taxes..................................... 10,444 — 10,444
Other assets ............................................ 12,174 — 12,174
TOTAL ASSETS ........................................ $669,140 $ 409 $669,549
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable ...................................... $127,846 $ — $127,846
Accrued payroll ........................................ 8,866 — 8,866
Deferred revenue ....................................... 5,403 — 5,403
Accrued acquisition costs................................. 5,651 — 5,651
Other accrued liabilities .................................. 21,210 — 21,210
Total current liabilities ................................... 168,976 — 168,976
NON-CURRENT LIABILITIES:
Convertible senior notes.................................. 195,000 — 195,000
Other liabilities ........................................ 22 — 22
Total non-current liabilities ............................... 195,022 — 195,022
TOTAL LIABILITIES ..................................... 363,998 — 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;
35,033,741 shares issued and outstanding ................... 350 — 350
Additional paid-in capital................................. 315,489 9,760 325,249
Deferred compensation .................................. (1,942) (48) (1,990)
Retained earnings/(accumulated deficit) . . . ................... (6,324) (9,303) (15,627)
Accumulated other comprehensive income (loss) ............... (2,431) — (2,431)
Total stockholders’ equity ................................ 305,142 409 305,551
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY.......... $669,140 $ 409 $669,549
(1) See Note 2, “Restatement of Consolidated Financial Statements,” in Notes to Consolidated Financial Statements.
81
DIGITAL RIVER, INC.
Notes to Consolidated Financial Statements — (Continued)