LeapFrog 2015 Annual Report Download - page 53

LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
March 31,
2015 2014
ASSETS
Current assets:
Cash and cash equivalents ................................... $127,176 $ 231,988
Accounts receivable, net of allowances for doubtful accounts of $854 and
$306, respectively ....................................... 19,618 29,920
Inventories ............................................. 71,927 52,293
Prepaid expenses and other current assets ......................... 10,012 10,416
Deferred income taxes ...................................... 553 22,553
Total current assets ..................................... 229,286 347,170
Deferred income taxes ....................................... 1,792 53,998
Property and equipment, net ................................... 1,676 30,765
Capitalized content costs, net ................................... 22,510 19,058
Goodwill ................................................ — 19,549
Other intangible assets, net .................................... 3,453 3,805
Other assets .............................................. 1,475 1,473
Total assets ........................................... $260,192 $ 475,818
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ......................................... $ 16,578 $ 19,146
Accrued liabilities ........................................ 21,582 23,930
Deferred revenue ......................................... 11,921 12,808
Deferred income taxes ...................................... 1,630 —
Income taxes payable ...................................... 267 689
Total current liabilities ................................... 51,978 56,573
Long-term deferred income taxes .............................. 323 —
Other long-term liabilities ................................... 1,365 1,125
Total liabilities ......................................... 53,666 57,698
Commitments and contingencies
Stockholders’ equity:
Class A Common Stock, par value $0.0001; Authorized − 139,500 shares;
Outstanding: 66,084 and 65,229, respectively .................... 7 7
Class B Common Stock, par value $0.0001; Authorized − 40,500 shares;
Outstanding: 4,394 and 4,396, respectively ...................... — —
Treasury stock ........................................... (185) (185)
Additional paid-in capital ................................... 434,728 422,678
Accumulated other comprehensive loss .......................... (5,450) (578)
Accumulated deficit ....................................... (222,574) (3,802)
Total stockholders’ equity ................................. 206,526 418,120
Total liabilities and stockholders’ equity ...................... $260,192 $ 475,818
See accompanying notes to consolidated financial statements
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