Stamps.com 2004 Annual Report Download - page 37

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The accompanying notes are an integral part of these financial statements.
F-2
STAMPS.COM INC.
BALANCE SHEETS
(in thousands, except per share data)
December 31,
2004 2003
Assets
Current assets:
Cash and cash equivalents ..................................................................................... $ 11,198 $ 24,526
Restricted cash ....................................................................................................... 554 3,722
Short-term investments .......................................................................................... 18,295 47,688
Trade accounts receivable, net............................................................................... 1,534 948
Other accounts receivable...................................................................................... 170 777
Other current assets................................................................................................ 701 671
Total current assets....................................................................................... 32,452 78,332
Property and equipment, net....................................................................................... 3,473 4,213
Intangible assets, net................................................................................................... 4,765 5,870
Long-term investments ............................................................................................... 57,160 86,838
Other assets................................................................................................................. 2,578 3,011
Total assets ................................................................................................... $ 100,428 $ 178,264
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses ............................................................... $ 5,541 $ 3,779
Total current liabilities ................................................................................. 5,541 3,779
Commitments and contingencies
Stockholders’ equity:
Common stock, $.001 par value
Authorized shares 47,500 in 2004 and 2003
Issued shares of 22,633 in 2004 and 22,388 in 2003
Outstanding shares of 22,463 in 2004 and 22,064 in 2003.................................. 45 45
Additional paid-in capital ...................................................................................... 601,064 676,568
Accumulated deficit............................................................................................... (504,112) (499,379)
Treasury stock, at cost, 170 shares in 2004 and 324 shares in 2003...................... (1,411) (2,673)
Accumulated other comprehensive loss................................................................. (699) (76)
Total stockholders’ equity............................................................................ 94,887 174,485
Total liabilities and stockholders’ equity...................................................... $ 100,428 $ 178,264