Overstock.com 2009 Annual Report Download - page 96
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Table of Contents
Overstock.com, Inc.
Consolidated Balance Sheets
(in thousands)
December 31,
2008 December 31,
2009
(Restated)
Assets
Current assets:
Cash and cash equivalents $ 96,457 $ 139,757
Restricted cash 4,262 4,414
Marketable securities 8,989 —
Accounts receivable, net 7,100 11,640
Notes receivable (Note 5) 1,250 —
Inventories, net 24,719 23,375
Prepaid inventory, net 761 2,879
Prepaids and other assets 9,552 10,275
Total current assets 153,090 192,340
Fixed assets, net 24,724 20,618
Goodwill 2,784 2,784
Other long-term assets, net 538 758
Total assets $ 181,136 $ 216,500
Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accounts payable $ 57,981 $ 76,623
Accrued liabilities 34,097 43,296
Deferred revenue 19,232 20,665
Capital lease obligations, current — 520
Total current liabilities 111,310 141,104
Capital lease obligations, non-current — 806
Other long-term liabilities 4,251 3,580
Convertible senior notes, net of debt discount of $901,000 and $528,000 as of December 31, 2008
and 2009, respectively 66,558 59,466
Total liabilities 182,119 204,956
Commitments and contingencies (Note 16)
Redeemable common stock, $0.0001 par value, 98 and 65 shares outstanding as of December 31,
2008 and 2009, respectively (Note 18). 1,263 744
Stockholders' equity (deficit):
Preferred stock, $0.0001 par value, 5,000 shares authorized, no shares issued and
outstanding as of December 31, 2008 and 2009 — —
Common stock, $0.0001 par value, 100,000 shares authorized, 25,438 and 25,583
shares issued as of December 31, 2008 and 2009, respectively, and 22,645 and
22,776 shares outstanding as of December 31, 2008 and 2009, respectively 2 2
Additional paid-in capital 337,707 343,040
Accumulated deficit (263,333) (256,056)
Treasury stock, 2,793 and 2,807 shares at cost as of December 31, 2008 and 2009,
respectively (76,670) (76,186)
Accumulated other comprehensive income 48 —
Total stockholders' equity (deficit) (2,246) 10,800
Total liabilities and stockholders' equity (deficit) $ 181,136 $ 216,500
See accompanying notes to consolidated financial statements.
F-4