Stamps.com 2008 Annual Report Download - page 22

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time to time at our discretion. We will consider repurchasing stock under our current repurchase program by evaluating such
factors as the price of the stock, the daily trading volume and the availability of large blocks of stock and any additional
constraints related to material inside information we may possess. We have no commitment to make any repurchases.
20
TABLE OF CONTENTS
Item 6. Selected Financial Data
The following data should be read in conjunction with the “Management's Discussion and Analysis of Financial Condition
and Results of Operations” section and our financial statements, including the notes thereto, included elsewhere in this Report.
Year Ended December 31,
2008
2007
2006
2005
2004
(In Thousands, Except per Share Data)
Statement of Operations Data:
Revenues
$
84,912
$
85,811
$
84,586
$
61,911
$
38,112
Cost and expenses:
Cost of sales
22,908
25,306
24,797
17,434
13,307
Research and development
8,425
8,260
8,817
6,596
6,221
Sales and marketing
33,538
33,115
27,793
19,804
12,586
General and administrative.
15,581
12,538
11,649
9,633
12,985
Income (loss) from operations
4,460
6,592
11,530
8,444
(6,987
)
Other income, net
2,918
4,461
5,096
2,231
2,254
(Benefit) provision for income taxes
(2,786
)
387
164
246
—
Net income (loss)
$
10,164
$
10,666
$
16,462
$
10,429
$
(4,733
)
Basic net income (loss) per share.
$
0.53
$
0.51
$
0.71
$
0.46
$
(0.21
)
Diluted net income (loss) per
share
$
0.53
$
0.50
$
0.69
$
0.44
$
(0.21
)
Weighted average shares
outstanding used in basic
per-share calculation
19,081
20,815
23,233
22,738
22,361
Weighted average shares
outstanding used in diluted per-share
calculation
19,345
21,194
24,032
23,744
22,361
Cash dividends declared per
common share
$
0.00
$
0.00
$
0.00
$
0.00
$
3.50
As of December 31,
2008
2007
2006
2005
2004
(In Thousands)
Balance Sheet Data:
Cash and investments
$
74,059
$
90,823
$
106,074
$
103,979
$
87,207
Working capital
63,037
60,011
27,724
36,295
26,911
Total assets
93,258
104,953
121,550
118,454
100,428
Total stockholders’ equity
78,341
92,442
110,535
109,940
94,887