Stamps.com 2002 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2002 Stamps.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

Table of Contents
STAMPS.COM INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2002 2001
(in thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 64,775 $ 101,703
Restricted cash 3,809 6,767
Short-term investments 32,072 76,921
Trade accounts receivable 662 1,064
Other accounts receivable 313 936
Note receivable from former officer, net of allowance of $3,346 in 2001 — 3,181
Other current assets 394 541
Total current assets 102,025 191,113
Property and equipment, net 6,086 11,076
Trademarks and patents, net of accumulated amortization of $1,917 in 2002 and $807 in 2001 5,878 6,950
Long-term investments 72,058 7,533
Other assets 2,904 5,914
Total assets $ 188,951 $ 222,586
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of capital lease obligations $ — $ 98
Accrued expenses 2,615 5,229
Total current liabilities 2,615 5,327
Commitments and contingencies
Stockholders’ equity:
Common stock, $.001 par value
Authorized shares 95,000 in 2002 and 2001
Issued and outstanding shares of 44,455 in 2002 and 50,731 in 2001 44 50
Additional paid-in capital 675,831 700,455
Note receivable from stock sales — (101 )
Deferred compensation (9 ) (314 )
Accumulated deficit (490,052 ) (483,205 )
Accumulated other comprehensive income 522 374
Total stockholders’ equity 186,336 217,259
Total liabilities and stockholders’ equity $ 188,951 $ 222,586
See accompanying notes.
F-3
2003. EDGAR Online, Inc.