Netgear 2004 Annual Report Download - page 54

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Table of Contents
NETGEAR, INC.
CONSOLIDATED BALANCE SHEETS
December31,
2003
2004
(In Thousands, Except
Share and Per Share
Data)
ASSETS
Current Assets:
Cash and cash equivalents
$
27,715
$
65,052
Short-term investments
45,890
76,663
Accounts receivable, net
74,166
82,203
Inventories
39,266
53,557
Deferred income taxes
9,056
11,475
Prepaid expenses and other current assets
4,869
7,151
Total current assets
200,962
296,101
Property and equipment, net
3,626
3,579
Goodwill
558
558
Total assets
$
205,146
$
300,238
LIABILITIES AND STOCKHOLDERS’
EQUITY
Current Liabilities:
Accounts payable
$
30,892
$
52,742
Accrued employee compensation
3,871
5,534
Other accrued liabilities
31,299
50,966
Deferred revenue
2,380
2,143
Income taxes payable
1,765
3,659
Total current liabilities
70,207
115,044
Commitments (Note5)
Stockholders’ equity:
Preferred Stock: $0.001par value; shares authorized, 5,000,000 in 2003 and 2004;
none outstanding in 2003 or 2004
—
—
Common stock: $0.001par value; shares authorized, 200,000,000 in 2003 and 2004;
Shares issued and outstanding: 28,618,969 in 2003 and 31,454,614 in 2004
28
31
Additional paid-in capital
164,459
188,900
Deferred stock-based compensation
(4,248
)
(1,882
)
Cumulative other comprehensive income (loss)
13
(7
)
Accumulated deficit
(25,313
)
(1,848
)
Total stockholders’ equity
134,939
185,194
Total liabilities and stockholders’ equity
$
205,146
$
300,238
The accompanying notes are an integral part of these consolidated financial statements.
39
2005. EDGAR Online, Inc.