Stamps.com 2008 Annual Report Download - page 37

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(11)
Incorporated herein by reference to the Company’s Form 10-Q filed with the Securities and Exchange Commission on
August 8, 2008.
(12)
Filed with the Securities and Exchange Commission with this Annual Report on Form 10-K.
+ Confidential treatment requested and received as to certain portions.
++ Confidential treatment has been requested for certain confidential portions of this exhibit pursuant to Rule 24b-2 under the
Exchange Act. In accordance with Rule 24b-2, these confidential portions have been omitted from this exhibit and filed
separately with the Securities and Exchange Commission.
36
TABLE OF CONTENTS
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders of
Stamps.com Inc.
We have audited the accompanying balance sheets of Stamps.com Inc. as of December 31, 2008 and 2007, and the related
statements of income, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2008.
These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of
Stamps.com Inc. at December 31, 2008 and 2007, and the results of its operations, stockholders’ equity and its cash flows for
each of the three years in the period ended December 31, 2008, in conformity with U.S. generally accepted accounting
principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
Stamps.com Inc.’s internal control over financial reporting as of December 31, 2008, based on criteria established in Internal
Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report dated March 13, 2009 expressed an unqualified opinion thereon.
/s/ ERNST & YOUNG LLP
Los Angeles, California
March 13, 2009
F-1
TABLE OF CONTENTS
STAMPS.COM INC.
BALANCE SHEETS
(In Thousands, Except Per Share Data)
December 31,