Support.com 2008 Annual Report Download - page 51
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Table of Contents
SUPPORTSOFT, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands except share and per share data)
December 31,
2008 2007
ASSETS
Current assets:
Cash and cash equivalents $ 64,306 $ 12,926
Short-term investments 7,784 100,014
Accounts receivable, less allowance of $197 and $310 at December 31, 2008 and 2007, respectively 10,384 10,087
Prepaid expenses and other current assets 1,642 2,531
Total current assets 84,116 125,558
Long-term investments 15,766 —
Auction rate securities put option 7,148 —
Property and equipment, net 1,275 2,086
Goodwill 12,646 9,792
Purchased technology, net 1,318 —
Intangible assets, net 417 340
Other assets 900 682
Total assets $ 123,586 $ 138,458
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 890 $ 461
Accrued compensation 2,129 2,320
Other accrued liabilities 3,534 3,421
Deferred revenue, less long-term portion 9,134 10,076
Total current liabilities 15,687 16,278
Deferred revenue—long-term portion 985 426
Other long-term liabilities 1,468 892
Total liabilities 18,140 17,596
Commitments and contingencies
Stockholders’ equity:
Preferred stock; par value $0.0001, 5,000,000 shares authorized; no shares issued or outstanding — —
Common stock; par value $0.0001, 150,000,000 shares authorized; 46,141,743 issued and outstanding at December 31,
2008 and 46,012,109 issued and outstanding at December 31, 2007 5 5
Additional paid-in capital 217,647 212,188
Accumulated other comprehensive loss (2,541) (772)
Accumulated deficit (109,665) (90,559)
Total stockholders’ equity 105,446 120,862
Total liabilities and stockholders’ equity $ 123,586 $ 138,458
See accompanying notes.
48
Source: SUPPORTSOFT INC, 10-K, March 11, 2009