Earthlink 2006 Annual Report Download - page 67

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EARTHLINK, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
The accompanying notes are an integral part of these consolidated financial statements.
66
December 31,
2005
2006
ASSETS
Current assets:
Cash and cash equivalents
$
173,294
$
158,369
Investments in marketable securities
207,845
214,947
Accounts receivable, net of allowance of $8,054 and $8,062 as of
December 31, 2005 and 2006, respectively
36,033
51,054
Prepaid expenses
14,225
14,831
Other current assets
13,121
17,549
Total current assets
444,518
456,750
Long
-
term investments in marketable securities
40,980
21,460
Property and equipment, net
73,177
96,620
Investment in equity affiliate
67,143
61,743
Investments in other companies
1,417
59,325
Purchased intangible assets, net
16,278
59,798
Goodwill
101,125
202,277
Other long-term assets
4,511
10,066
Total assets
$
749,149
$
968,039
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable
$
31,578
$
41,298
Accrued payroll and related expenses
37,741
41,079
Other accounts payable and accrued liabilities
84,139
94,882
Deferred revenue
58,359
53,511
Total current liabilities
211,817
230,770
Long
-
term debt
—
258,750
Other long-term liabilities
15,468
19,855
Total liabilities
227,285
509,375
Commitments and contingencies (See Note 14)
Stockholders
’
equity:
Convertible preferred stock, $0.01 par value, 100,000 shares authorized,
0 shares issued and outstanding as of December 31, 2005 and 2006
—
—
Common stock, $0.01 par value, 300,000 shares authorized, 181,962 and
184,545 shares issued as of December 31, 2005 and 2006, respectively, and
131,390 and 122,634 shares outstanding as of December 31, 2005 and 2006,
respectively
1,820
1,845
Additional paid
-
in capital
1,997,906
2,016,578
Warrants to purchase common stock
259
259
Accumulated deficit
(1,049,982
)
(1,044,995
)
Treasury stock, at cost, 50,572 and 61,911 shares, respectively, as of
December 31, 2005 and 2006
(422,619
)
(508,232
)
Unrealized losses on investments
(653
)
(6,791
)
Deferred compensation
(4,867
)
—
Total stockholders’ equity
521,864
458,664
Total liabilities and stockholders’ equity
$
749,149
$
968,039