Enom 2010 Annual Report Download - page 97

Table of Contents
Demand Media, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except per share amounts)
December 31,
2009 2010
Assets
Current assets
Cash and cash equivalents $ 47,608 $ 32,338
Marketable securities 2,300 —
Accounts receivable, net 18,641 26,843
Prepaid expenses and other current assets 6,371 7,360
Deferred registration costs 36,563 44,213
Total current assets 111,483 110,754
Deferred registration costs, less current portion 7,087 8,037
Property and equipment, net 30,642 34,975
Intangible assets, net 88,834 102,114
Goodwill 224,920 224,920
Other assets 4,824 7,667
Total assets $467,790 $488,467
Liabilities, Convertible Preferred Stock and Stockholders' Deficit
Current liabilities
Accounts payable $ 5,991 $ 8,330
Accrued expenses and other current liabilities 20,853 29,570
Deferred tax liabilities 13,339 15,248
Deferred revenue 52,339 61,832
Total current liabilities 92,522 114,980
Revolving line of credit 10,000 —
Deferred revenue, less current portion 12,912 14,106
Other liabilities 1,681 1,043
Total liabilities 117,115 130,129
Commitments and contingencies (Note 8)
Convertible preferred stock
Convertible Series A Preferred Stock, $0.0001 par value.
Authorized 85,000 shares; issued and outstanding 65,333 shares at December 31,
2010 and 2009; aggregate liquidation preference of $161,951 at December 31,
2010 122,168 122,168
Convertible Series B Preferred Stock, $0.0001 par value.
Authorized 15,000 shares; issued and outstanding 9,464 shares at December 31,
2010 and 2009; aggregate liquidation preference of $19,591 at December 31,
2010 17,000 17,000
Convertible Series C Preferred Stock, $0.0001 par value.
Authorized 27,000 shares; issued and outstanding 26,047 shares at December 31,
2010 and 2009; aggregate liquidation preference of $129,749 at December 31,
2010 100,098 100,098
Convertible Series D Preferred Stock, $0.0001 par value.
Authorized 26,150 shares; issued and outstanding 22,500 shares at December 31,
2010 and 2009; aggregate liquidation preference of $180,032 at
December 31,2010 134,488 134,488
Total convertible preferred stock 373,754 373,754
Stockholders' deficit
Common Stock, $0.0001 par value. Authorized 500,000 shares; issued and outstanding 14,525, and
15,372 shares at December 31, 2009 and 2010, respectively 1 2
Additional paid-in capital 23,673 36,721
Accumulated other comprehensive income 169 108
Accumulated deficit (46,922) (52,247)
Total stockholders' deficit (23,079) (15,416)
Total liabilities, convertible preferred stock and
stockholders' deficit $467,790 $488,467