Earthlink 2011 Annual Report Download - page 81
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Table of Contents
EARTHLINK, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
The accompanying notes are an integral part of these consolidated financial statements.
75
December 31,
2010 2011
ASSETS
Current assets:
Cash and cash equivalents
$
242,952
$
211,783
Marketable securities
307,814
28,606
Restricted cash
2,270
1,781
Accounts receivable, net of allowance of $1,182 and $7,323 as of
December 31, 2010 and 2011, respectively
60,216
114,757
Prepaid expenses
12,161
13,163
Deferred income taxes, net
45,661
38,437
Other current assets
14,802
23,530
Total current assets
685,876
432,057
Long
-
term marketable securities
12,304
1,001
Property and equipment, net
241,111
389,549
Deferred income taxes, net
189,037
172,376
Goodwill
259,046
378,235
Other intangible assets, net
135,364
285,361
Other long
-
term assets
1,240
21,872
Total assets
$
1,523,978
$
1,680,451
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
17,272
$
15,972
Accrued payroll and related expenses
18,402
28,410
Accrued interest
8,622
11,955
Other accrued liabilities
67,007
116,396
Deferred revenue
40,921
68,182
Current portion of long
-
term debt and capital lease obligations
243,069
1,655
Total current liabilities
395,293
242,570
Long
-
term debt and capital lease obligations
351,251
653,765
Other long
-
term liabilities
19,566
30,972
Total liabilities
766,110
927,307
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, 2010 and 2011
—
—
Common stock, $0.01 par value, 300,000 shares authorized, 191,825
and 196,202 shares issued as of December 31, 2010 and 2011,
respectively, and 108,382 and 106,193 shares outstanding as of
December 31, 2010 and 2011, respectively
1,918
1,962
Additional paid
-
in capital
2,061,555
2,071,298
Accumulated deficit
(648,235
)
(613,668
)
Treasury stock, at cost, 83,443 and 90,009 shares as of December 31,
2010 and 2011, respectively
(657,611
)
(706,434
)
Accumulated other comprehensive income (loss)
241
(14
)
Total stockholders' equity
757,868
753,144
Total liabilities and stockholders' equity
$
1,523,978
$
1,680,451