LeapFrog 2007 Annual Report Download - page 76
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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2007 2006
ASSETS
Current assets:
Cash and cash equivalents .............................................. $ 93,460 $ 67,314
Short-term investments ................................................ 10,925 80,784
Accounts receivable, net of allowance for doubtful accounts of $97, and $785 at
December 31, 2007 and 2006, respectively ............................... 136,627 141,816
Inventories .......................................................... 52,415 73,020
Prepaid expenses and other current assets .................................. 20,427 23,339
Deferred income taxes ................................................. 3,405 1,156
Total current assets ....................................................... 317,259 387,429
Property and equipment .................................................... 34,017 27,794
Deferred income taxes ..................................................... 213 148
Intangible assets, net ...................................................... 24,512 25,933
Other assets ............................................................. 4,152 9,137
Total assets ............................................................. $ 380,153 $450,441
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ..................................................... $ 46,868 $ 46,720
Accrued liabilities and deferred revenue ................................... 67,281 50,001
Income taxes payable .................................................. 93 724
Total current liabilities ..................................................... 114,242 97,445
Long-term liabilities ...................................................... 22,438 19,034
Stockholders’ equity:
Class A common stock, par value $0.0001; 139,500 shares authorized; shares issued
and outstanding: 35,857 and 35,455 at December 31, 2007 and 2006,
respectively ....................................................... 4 4
Class B convertible common stock, par value $0.0001; 40,500 shares authorized;
shares issued and outstanding: 27,614 at December 31, 2007 and 2006,
respectively ....................................................... 3 3
Treasury stock ....................................................... (185) (185)
Additional paid-in capital .............................................. 353,857 343,310
Accumulated other comprehensive income ................................. 4,036 3,122
Accumulated deficit ................................................... (114,242) (12,292)
Total stockholders’ equity .................................................. 243, 473 333,962
Total liabilities and stockholders’ equity ..................................... $ 380,153 $450,441
See accompanying notes
F-4