Stamps.com 2015 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 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
STAMPS.COM INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(inthousands,exceptpersharedata)
December 31,
2015 2014
Assets  
Currentassets:  
Cashandcashequivalents $ 65,126 $ 40,933
Short-terminvestments 8,553  6,482
Accountsreceivable,net 55,052  12,325
Othercurrentassets 8,345  6,071
Totalcurrentassets 137,076  65,811
 
Propertyandequipment,net 31,707  30,427
Goodwill 197,807  66,893
Intangibleassets,net 95,950  19,570
Long-terminvestments 1,529  10,215
Deferredincometaxes,net 57,224  53,816
Otherassets 7,321  7,999
Totalassets $ 528,614 $ 254,731
 
Liabilities and Stockholders’ Equity  
Currentliabilities:  
Accountspayableandaccruedexpenses $ 60,816 $ 22,521
Deferredrevenue 4,000  2,164
Currentportionofdebt,netofdebtissuancecosts 4,267 
Contingentconsideration,current 63,209  9,225
Totalcurrentliabilities 132,292  33,910
Long-termdebt,netofdebtissuancecosts 157,353 
Contingentconsideration,long-term   15,790
Totalliabilities 289,645  49,700
 
Commitmentsandcontingencies  
Stockholders’equity:  
Commonstock,$.001parvalue  
Authorizedshares:47,500in2015and2014Issuedshares:29,463in2015and28,763in
2014  
Outstandingshares:16,697in2015and15,997in2014 52  51
Additionalpaid-incapital 716,253  678,075
Treasurystock,atcost,12,766sharesin2015and2014 (172,410)  (172,410)
Accumulateddeficit (304,944)  (300,746)
Accumulatedothercomprehensiveincome 18  61
Totalstockholders’equity 238,969  205,031
Totalliabilitiesandstockholders’equity $ 528,614 $ 254,731
The accompanying notes are an integral part of these consolidated financial statements.
F-2