LeapFrog 2004 Annual Report Download - page 82
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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2004 2003
ASSETS
Current assets:
Cash and cash equivalents ............................................... $ 60,559 $ 45,319
Short-term investments ................................................. 28,188 67,284
Restricted Cash ....................................................... 8,418 —
Accounts receivable, net of allowances of $2,519 and $1,620 at December 31, 2004
and 2003, respectively ................................................ 228,187 280,072
Inventories, net ....................................................... 131,189 90,897
Prepaid expenses and other current assets .................................. 13,321 10,090
Deferred income taxes .................................................. 25,009 11,735
Total current assets ........................................................ 494,871 505,397
Property and equipment, net ................................................. 24,807 20,547
Other assets .............................................................. 3,987 1,048
Deferred income taxes ...................................................... 6,633 619
Intangible assets, net ....................................................... 29,496 25,048
Total assets .............................................................. $559,794 $552,659
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ..................................................... $ 62,811 $ 86,161
Accrued liabilities ..................................................... 53,868 44,634
Deferred revenue ...................................................... 364 1,417
Income taxes payable .................................................. 6,951 4,729
Total current liabilities ..................................................... 123,994 136,941
Deferred rent and other long-term liabilities ..................................... 1,300 572
Commitments and contingencies
Stockholders’ equity:
Class A common stock, par value $0.0001; 139,500 shares authorized; shares issued
and outstanding: 33,415 and 31,273 at December 31, 2004 and 2003,
respectively ........................................................ 3 3
Class B common stock, par value $0.0001; 40,500 shares authorized; 27,614 and
27,883 shares issued and outstanding at December 31, 2004 and 2003,
respectively. ........................................................ 3 3
Additional paid-in capital ............................................... 318,796 294,976
Deferred compensation ................................................. (2,000) (2,492)
Accumulated other comprehensive income ................................. 2,398 828
Retained earnings ..................................................... 115,300 121,828
Total stockholders’ equity ................................................... 434,500 415,146
Total liabilities and stockholders’ equity ....................................... $559,794 $552,659
See accompanying notes.
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