Nutrisystem 2014 Annual Report Download - page 43

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NUTRISYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value amounts)
December 31,
2014 2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ............................................... $ 12,620 $ 9,772
Short term investments ................................................. 16,627 16,551
Receivables .......................................................... 12,206 7,738
Inventories ........................................................... 26,899 26,088
Prepaid income taxes ................................................... 0 2,167
Deferred income taxes .................................................. 1,051 931
Other current assets .................................................... 7,095 6,034
Total current assets ................................................ 76,498 69,281
FIXED ASSETS, net ....................................................... 26,851 26,029
DEFERRED INCOME TAXES .............................................. 5,461 5,924
OTHER ASSETS ......................................................... 1,082 1,211
Total assets ...................................................... $109,892 $102,445
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable ..................................................... $ 34,261 $ 29,117
Accrued payroll and related benefits ....................................... 6,550 6,723
Income taxes payable .................................................. 301 0
Deferred revenue ...................................................... 4,424 4,228
Other accrued expenses and current liabilities ............................... 6,131 7,441
Total current liabilities ......................................... 51,667 47,509
NON-CURRENT LIABILITIES ............................................. 2,710 2,779
Total liabilities ............................................... 54,377 50,288
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS’ EQUITY:
Preferred stock, $.001 par value (5,000 shares authorized, no shares issued and
outstanding) ........................................................ 0 0
Common stock, $.001 par value (100,000 shares authorized; shares issued – 28,990
at December 31, 2014 and 28,866 at December 31, 2013) .................... 29 29
Additional paid-in capital ............................................... 29,992 24,095
Treasury stock, at cost, 249 shares at December 31, 2014 and 158 shares at
December 31, 2013 .................................................. (3,062) (1,586)
Retained earnings ..................................................... 28,552 29,611
Accumulated other comprehensive income ................................. 4 8
Total stockholders’ equity ....................................... 55,515 52,157
Total liabilities and stockholders’ equity ........................... $109,892 $102,445
The accompanying notes are an integral part of these consolidated financial statements.
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