Stamps.com 2012 Annual Report Download - page 26

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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.
Table of Contents
ITEM 6.
SELECTED FINANCIAL DATA
Year ended December 31,
2012
2011
2010
2009
2008
(in thousands, except per share data)
Statement of Operations Data:
PC Postage revenue
$
110,003
$
93,321
$
78,355
$
73,623
$
73,036
PhotoStamps revenue
5,651
8,258
7,162
8,485
11,876
Other revenue
7
6
27
16
—
Total revenues
115,661
101,585
85,544
82,124
$
84,912
Cost and expenses:
Cost of sales
27,756
26,212
23,684
22,914
22,908
Research and development
10,243
9,395
9,420
8,699
8,425
Sales and marketing
38,755
34,569
31,174
31,735
33,538
General and administrative
14,750
14,181
14,590
12,961
15,581
Legal settlements
—
—
5,211
—
—
Income from operations
24,157
17,228
1,465
5,815
4,460
Interest and other income, net
541
562
756
916
2,918
Non
-
operating asset write
-
off
—
—
634
—
—
Income tax (benefit) expense
(13,859
)
(8,475
)
(3,945
)
554
(2,786
)
Net income
$
38,557
$
26,265
$
5,532
$
6,177
$
10,164
Basic net income per share
$
2.40
$
1.78
$
0.38
$
0.38
$
0.53
Diluted net income per share
$
2.30
$
1.73
$
0.38
$
0.38
$
0.53
Weighted average shares outstanding used in basic per-
share calculation
16,079
14,767
14,529
16,238
19,081
Weighted average shares outstanding used in diluted per-
share calculation
16,793
15,168
14,685
16,369
19,345
Cash dividends declared per common share
$
0.00
$
0.00
$
2.00
$
0.00
$
0.00
As of December 31,
2012
2011
2010
2009
2008
Balance Sheet Data:
(in thousands)
Cash, cash equivalents, restricted cash and investments
$
46,619
$
69,363
$
35,299
$
71,745
$
74,059
Working capital
38,035
57,953
16,041
41,791
63,037
Total assets
130,852
107,980
57,442
89,258
93,258
Total stockholders
’
equity
112,954
94,007
44,238
75,605
78,341
22