Stamps.com 2009 Annual Report Download - page 26

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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,
2009
2008
2007
2006
2005
(In Thousands, Except per Share Data)
Statement of Operations Data:
Revenues
$
82,124
$
84,912
$
85,811
$
84,586
$
61,911
Cost and expenses:
Cost of sales
22,914
22,908
25,306
24,797
17,434
Research and development
8,699
8,425
8,260
8,817
6,596
Sales and marketing
31,735
33,538
33,115
27,793
19,804
General and administrative
12,961
15,581
12,538
11,649
9,633
Income from operations
5,815
4,460
6,592
11,530
8,444
Interest and other income, net
916
2,918
4,461
5,096
2,231
Income tax expense (benefit)
554
(2,786
)
387
164
246
Net income
$
6,177
$
10,164
$
10,666
$
16,462
$
10,429
Basic net income per share
$
0.38
$
0.53
$
0.51
$
0.71
$
0.46
Diluted net income per share
$
0.38
$
0.53
$
0.50
$
0.69
$
0.44
Weighted average shares outstanding
used in basic per-share calculation
16,238
19,081
20,815
23,233
22,738
Weighted average shares outstanding
used in diluted per-share calculation
16,369
19,345
21,194
24,032
23,744
Cash dividends declared per common
share
$
0.00
$
0.00
$
0.00
$
0.00
$
0.00
As of December 31,
2009
2008
2007
2006
2005
(In Thousands)
Balance Sheet Data:
Cash, cash equivalents, restricted cash
and investments
$
71,745
$
74,059
$
90,823
$
106,074
$
103,979
Working capital
41,791
63,037
60,011
27,724
36,295
Total assets
89,258
93,258
104,953
121,550
118,454
Total stockholders’ equity
75,605
78,341
92,442
110,535
109,940
22