LeapFrog 2008 Annual Report Download - page 62
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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2008 2007
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 79,101 $ 93,460
Accounts receivable, net of allowances for doubtful accounts of $3,872
and $97 at December 31, 2008 and 2007, respectively ..................... 89,918 126,936
Inventories ......................................................... 58,196 52,415
Prepaid expenses and other current assets ................................. 10,822 20,427
Deferred income taxes ................................................ 3,189 3,405
Total current assets ..................................................... 241,226 296,643
Long-term investments .................................................... 4,962 10,925
Deferred income taxes .................................................... 497 213
Property and equipment, net ................................................ 19,611 19,616
Capitalized product costs, net ............................................... 16,227 14,401
Goodwill ............................................................... 19,549 19,549
Other assets ............................................................. 5,260 9,116
Total assets ............................................................ $307,332 $ 370,463
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................... $ 56,357 $ 46,868
Accrued liabilities and deferred revenue .................................. 44,596 57,591
Income taxes payable ................................................. 229 93
Total current liabilities ........................................... 101,182 104,552
Long-term deferred income taxes ............................................ 22,404 20,292
Other long-term liabilities ................................................. 3,820 2,146
Commitments and contingencies (Note 19)
Stockholders’ equity:
Class A common stock, par value $0.0001; 139,500 shares authorized; shares
issued and outstanding: 36,627 and 35,857 at December 31, 2008 and 2007,
respectively ....................................................... 4 4
Class B common stock, par value $0.0001; 40,500 shares authorized; shares issued
and outstanding: 27,141 and 27,614 at December 31, 2008 and 2007,
respectively ....................................................... 3 3
Treasury stock ....................................................... (185) (185)
Additional paid-in capital .............................................. 364,657 353,857
Accumulated other comprehensive income (loss) ........................... (2,055) 4,036
Accumulated deficit .................................................. (182,498) (114,242)
Total stockholders’ equity ................................................ 179,926 243,473
Total liabilities and stockholders’ equity .................................... $307,332 $ 370,463
See accompanying notes
F-4