Overstock.com 2005 Annual Report Download - page 73

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Overstock.com, Inc.
Consolidated Balance Sheets
December 31,
2004 2005
(in thousands)
Assets
Current assets:
Cash and cash equivalents $ 198,678 $ 56,224
Marketable securities 88,802 55,799
Cash, cash equivalents and marketable securities 287,480 112,023
Accounts receivable, net 5,715 11,695
Inventories, net 46,558 93,269
Prepaid inventory 12,322 9,633
Prepaid expenses 3,444 8,508
Total current assets 355,519 235,128
Restricted cash 1,602 253
Property and equipment, net 16,122 61,914
Goodwill 2,784 13,169
Other long-term assets, net 1,516 15,449
Total assets $ 377,543 $ 325,913
Liabilities, Redeemable Securities and Stockholders' Equity
Current liabilities:
Accounts payable $ 64,060 $ 101,436
Accrued liabilities 22,917 46,847
Capital lease obligations, current 595 6,683
Total current liabilities 87,572 154,966
Capital lease obligations, non-current 743 3,058
Convertible senior notes 116,251 74,935
Total liabilities 204,566 232,959
Commitments and contingencies (notes 11, 12 and 13)
Redeemable common stock, $0.0001 par value, 460 and 446 shares issued and
outstanding as of December 31, 2004 and 2005, respectively 3,166 3,205
Stockholders' equity:
Preferred stock, $0.0001 par value, 5,000 shares authorized, no shares issued and
outstanding as of December 31, 2004 and 2005 — —
Common stock, $0.0001 par value, 100,000 shares authorized, 19,390 and 20,571
shares issued as of December 31, 2004 and 2005, respectively 2 2
Additional paid-in capital 243,131 251,244
Accumulated deficit (71,726 ) (96,829 )
Unearned stock-based compensation (1,301 ) (305 )
Treasury stock, 35 and 1,687 shares at cost as of December 31, 2004 and 2005,
respectively (100 ) (65,325 )
Accumulated other comprehensive income (loss) (195 )962
Total stockholders' equity 169,811 89,749
Total liabilities, redeemable securities and stockholders' equity $ 377,543 $ 325,913
The accompanying notes are an integral part of these consolidated financial statements.
F-4