Stamps.com 2008 Annual Report Download - page 38
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The accompanying notes are an integral part of these financial statements.
ASSETS
Current assets:
Cash and cash equivalents
$
52,576
$
43,667
Restricted cash
554
554
Short-term investments
16,235
22,084
Trade accounts receivable, net
2,962
2,519
Other accounts receivable
1,201
1,209
Other current assets
4,426
2,489
Total current assets
77,954
72,522
Property and equipment, net
3,086
3,790
Intangible assets, net
505
871
Long-term investments
4,694
24,518
Deferred income taxes
3,671
—
Other assets
3,348
3,252
Total assets
$
93,258
$
104,953
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses
$
11,174
$
9,935
Deferred revenue
3,743
2,576
Total current liabilities
14,917
12,511
Commitments and contingencies
Stockholders’ equity:
Common stock, $.001 par value
Authorized shares 47,500 in 2008 and 2007
Issued shares: 24,368 in 2008 and 24,258 in 2007
Outstanding shares: 17,242 in 2008 and 19,813 in 2007
47
47
Additional paid-in capital
626,810
622,781
Accumulated deficit
(456,391
)
(466,555
)
Treasury stock, at cost, 7,126 shares in 2008 and 4,445 shares in 2007
(90,613
)
(63,737
)
Accumulated other comprehensive loss
(1,512
)
(94
)
Total stockholders’ equity
78,341
92,442
Total liabilities and stockholders’ equity
$
93,258
$
104,953
F-2
TABLE OF CONTENTS
STAMPS.COM INC.
STATEMENTS OF INCOME