Stamps.com 2015 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2015 Stamps.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

TABLE OF CONTENTS
.
ITEM 6. SELECTED FINANCIAL DATA.
WehavederivedtheselectedconsolidatedstatementsofoperationsdatafortheyearsendedDecember31,2015,2014and2013
andtheselectedconsolidatedbalancesheetdataasofDecember31,2015and2014fromourauditedconsolidatedfinancialstatements
andrelatednotesincludedelsewhereinthisForm10-K.Wehavederivedtheselectedconsolidatedstatementsofoperationsdatafor
theyearsendedDecember31,2012and2011andtheselectedconsolidatedbalancesheetdataasofDecember31,2013,2012and
2011fromourauditedconsolidatedfinancialstatementsnotincludedinthisForm10-K.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.Ourhistoricalresultsarenotnecessarilyindicative
oftheresultstobeexpectedforanyfutureperiodandtheresultsforanyinterimperiodarenotnecessarilyindicativeoftheresultstobe
expectedinthefullyear.
Year ended December 31,
2015 2014 2013 2012 2011
 (inthousands,exceptpersharedata)
Statement of Operations Data:        
MailingandShippingrevenue $ 206,687 $ 141,796 $ 123,108 $ 110,003 $ 93,321
CustomizedPostagerevenue 7,229 5,450  4,710  5,651  8,258
Otherrevenue 41 23  1  7  6
Totalrevenues 213,957  147,269  127,819  115,661  101,585
Costandexpenses:        
Costofrevenues 43,935  32,906  27,500  27,756  26,212
Salesandmarketing 56,144  43,659  39,449  38,755  34,569
Researchanddevelopment 20,711 13,309  10,958  10,243  9,395
Generalandadministrative 42,399  25,147  15,794  14,749  14,181
Contingentconsiderationcharges 46,088 8,438  —  —  —
Litigationsettlement 10,000  —  —  —  —
(Loss)incomefromoperations (5,320)  23,810  34,118  24,157  17,228
Interestexpense (397)  —  —  —  —
Interestincomeandotherincome,net 146  375  480  541  562
Incometaxbenefit (1,373) (12,697)  (9,555)  (13,859)  (8,475)
Net(loss)income $ (4,198) $ 36,882 $ 44,153 $ 38,557 $ 26,265
Basicnet(loss)incomepershare $ (0.26) $ 2.30 $ 2.81 $ 2.40 $ 1.78
Dilutednet(loss)incomepershare $ (0.26) $ 2.25 $ 2.71 $ 2.30 $ 1.73
Weightedaveragesharesoutstandingusedinbasicper-share
calculation 16,436  16,011  15,691  16,079  14,767
Weightedaveragesharesoutstandingusedindilutedper-share
calculation 16,436  16,417  16,298  16,793  15,168
       
As of December 31,
2015 2014 2013 2012 2011
 (inthousands)
Balance Sheet Data:        
Cash,cashequivalentsandinvestments $ 75,208 $ 57,630 $ 87,210 $ 46,619 $ 69,363
Workingcapital 4,784  31,901  81,890  38,035  57,953
Totalassets 528,614  254,731  187,118  130,852  107,980
Totalstockholders’equity 238,969 205,031  171,765  112,954  94,007
29