LeapFrog 2012 Annual Report Download - page 45
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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2012 2011
ASSETS
Current assets:
Cash and cash equivalents ................................... $120,000 $ 71,863
Accounts receivable, net of allowances for doubtful accounts of $292 and
$659, respectively ....................................... 180,043 157,418
Inventories ............................................. 40,311 34,288
Prepaid expenses and other current assets ......................... 8,353 8,078
Deferred income taxes ...................................... 9,315 983
Total current assets ..................................... 358,022 272,630
Long-term investments ....................................... — 2,681
Deferred income taxes ....................................... 13,269 1,311
Property and equipment, net ................................... 23,723 17,881
Capitalized product costs, net .................................. 12,109 12,511
Goodwill ................................................ 19,549 19,549
Other intangible assets, net .................................... 950 3,350
Other assets .............................................. 1,283 1,119
Total assets ........................................... $428,905 $ 331,032
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ......................................... $ 31,617 $ 34,629
Accrued liabilities ........................................ 51,353 42,544
Deferred revenue ......................................... 8,516 7,836
Income taxes payable ...................................... 493 377
Total current liabilities ................................... 91,979 85,386
Long-term deferred income taxes ................................ 3,759 3,542
Other long-term liabilities ..................................... 3,224 9,360
Total liabilities ......................................... 98,962 98,288
Commitments and contingencies
Stockholders’ equity:
Class A Common Stock, par value $0.0001; Authorized − 139,500 shares;
Outstanding: 61,970 and 54,923, respectively .................... 6 6
Class B Common Stock, par value $0.0001; Authorized − 40,500 shares;
Outstanding: 5,715 and 11,113, respectively ..................... 1 1
Treasury stock ........................................... (185) (185)
Additional paid-in capital ................................... 405,078 395,627
Accumulated other comprehensive income (loss) .................... 1,071 (225)
Accumulated deficit ....................................... (76,028) (162,480)
Total stockholders’ equity ................................. 329,943 232,744
Total liabilities and stockholders’ equity ...................... $428,905 $ 331,032
See accompanying notes
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