Orbitz 2013 Annual Report Download - page 54

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See Notes to Consolidated Financial Statements
54
ORBITZ WORLDWIDE, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
December 31, 2013 December 31, 2012
Assets
Current assets:
Cash and cash equivalents $ 117,385 $ 130,262
Accounts receivable (net of allowance for doubtful accounts of $1,186 and $903,
respectively) 82,599 75,789
Prepaid expenses 17,113 11,018
Due from Travelport, net 12,343 5,617
Other current assets 13,862 3,072
Total current assets 243,302 225,758
Property and equipment (net of accumulated depreciation of $334,720 and $297,618) 116,145 132,544
Goodwill 345,388 345,388
Trademarks and trade names 90,398 90,790
Other intangible assets, net 89 830
Deferred income taxes, non-current 160,637 6,773
Restricted cash 118,761 24,485
Other non-current assets 32,966 7,746
Total Assets $ 1,107,686 $ 834,314
Liabilities and Shareholders’ Equity/(Deficit)
Current liabilities:
Accounts payable $ 16,432 $ 21,485
Accrued merchant payable 337,308 268,589
Accrued expenses 145,778 118,329
Deferred income 40,616 34,948
Term loan, current 13,500 24,708
Other current liabilities 4,324 5,365
Total current liabilities 557,958 473,424
Term loan, non-current 429,750 415,322
Tax sharing liability 61,518 70,912
Other non-current liabilities 16,738 17,319
Total Liabilities 1,065,964 976,977
Commitments and contingencies (see Note 9)
Shareholders’ Equity/(Deficit):
Preferred stock, $0.01 par value, 100 shares authorized, no shares issued or outstanding — —
Common stock, $0.01 par value, 140,000,000 shares authorized, 108,397,627
and 105,119,044 shares issued, respectively 1,084 1,051
Treasury stock, at cost, 25,237 shares held (52)(52)
Additional paid-in capital 1,055,213 1,041,466
Accumulated deficit (1,017,539)(1,182,624)
Accumulated other comprehensive income/(loss) (net of accumulated tax
benefit of $0 and $2,558, respectively) 3,016 (2,504)
Total Shareholders’ Equity/(Deficit) 41,722 (142,663)
Total Liabilities and Shareholders’ Equity/(Deficit) $ 1,107,686 $ 834,314