LeapFrog 2009 Annual Report Download - page 55

LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2009 2008 (1)
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 61,612 $ 79,101
Accounts receivable, net of allowances for doubtful accounts of $1,119 and $3,872
respectively ....................................................... 147,378 89,918
Inventories ......................................................... 28,180 56,937
Prepaid expenses and other current assets ................................. 7,378 10,822
Deferred income taxes ................................................ 2,066 3,189
Total current assets ..................................................... 246,614 239,967
Long-term investments .................................................... 3,685 4,962
Deferred income taxes .................................................... 1,263 497
Property and equipment, net ................................................ 14,268 19,611
Capitalized product costs, net ............................................... 14,917 16,227
Goodwill ............................................................... 19,549 19,549
Other assets ............................................................. 5,699 5,260
Total assets ............................................................ $305,995 $ 306,073
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................... $ 58,263 $ 55,098
Accrued liabilities .................................................... 39,821 44,596
Income taxes payable ................................................. 242 229
Total current liabilities ........................................... 98,326 99,923
Long-term deferred income taxes ............................................ 12,745 22,404
Other long-term liabilities ................................................. 2,231 3,820
Stockholders’ equity:
Class A Common Stock, par value $0.0001
Authorized—139,500 shares;
Issued and outstanding: 36,894 and 36,627, respectively ................... 4 4
Class B Common Stock, par value $0.0001
Authorized—40,500 shares;
Issued and outstanding: 27,141 and 27,141, respectively ................... 3 3
Treasury stock ....................................................... (185) (185)
Additional paid-in capital .............................................. 380,040 366,798
Accumulated other comprehensive income (loss) ........................... 158 (2,055)
Accumulated deficit .................................................. (187,327) (184,639)
Total stockholders’ equity ................................................ 192,693 179,926
Total liabilities and stockholders’ equity .................................... $305,995 $ 306,073
(1) Certain amounts have been revised for insignificant errors. Refer to Note 1, “Summary of Significant
Accounting Policies” for additional information.
See accompanying notes
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