Go Daddy 2015 Annual Report Download - page 107
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Table of Contents
GoDaddy Inc.
Notes to Consolidated Financial Statements
(In millions, except share amounts which are reflected in thousands and per share amounts)
7. Deferred Revenue
Deferred revenue consisted of the following:
December 31,
2015
2014
Current:
Domains $ 497.2
$ 462.9
Hosting and presence 330.8
283.4
Business applications 109.7
75.1
$ 937.7
$ 821.4
Noncurrent:
Domains $ 288.5
$ 266.8
Hosting and presence 149.7
131.5
Business applications 40.3
30.9
$ 478.5
$ 429.2
8. Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
December 31,
2015
2014
Accrued payroll and employee benefits $ 64.7
$ 55.3
Current portion of capital lease obligation 12.0
6.6
Accrued marketing and advertising expenses 10.7
13.3
Accrued indirect tax liabilities 7.1
5.9
Transaction-based taxes payable 4.3
3.4
Accrued other 28.2
30.0
$ 127.0
$ 114.5
9. Long-Term Debt
Long-term debt consisted of the following:
December 31,
2015
2014
Term Loan due May 13, 2021 (effective interest rate of 5.1% at December 31, 2015 and 5.2% at December 31, 2014) $ 1,083.5
$ 1,094.5
9% Note payable to Holdings (Senior Note) —
300.0
Revolving Credit Loan due May 13, 2019 (effective interest rate of 4.0% at December 31, 2014) —
75.0
Total 1,083.5
1,469.5
Less unamortized original issue discounts on long-term debt (1) (36.8)
(50.6)
Less unamortized debt issuance costs (1) (2.7)
(4.1)
Less current portion of long-term debt (4.2)
(4.4)
$ 1,039.8
$ 1,410.4
(1) Original issue discounts and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the effective interest method.
101