Travelzoo 2012 Annual Report Download - page 102
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TRAVELZOO INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
See accompanying notes to consolidated financial statements.
44
December 31,
2012
December 31,
2011
ASSETS
Current assets:
Cash and cash equivalents
$
61,169
$
38,744
Accounts receivable, less allowance for doubtful accounts of $498 and $400 as of December 31, 2012 and
2011, respectively
13,626
13,340
Income tax receivable
6,682
3,625
Deposits
389
278
Prepaid expenses and other current assets
2,260
2,123
Deferred tax assets
2,194
1,754
Total current assets
86,320
59,864
Deposits, less current portion
1,107
776
Deferred tax assets, less current portion
1,710
344
Restricted cash
3,396
3,103
Property and equipment, net
4,314
3,557
Intangible assets, net
986
704
Total assets
$
97,833
$
68,348
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
28,695
$
21,731
Accrued expenses
11,993
6,311
Deferred revenue
2,698
2,168
Income tax payable
—
279
Deferred rent
280
114
Total current liabilities
43,666
30,603
Long-term tax liabilities
10,030
2,225
Deferred rent, less current portion
798
761
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value per share (5,000 shares authorized; none issued)
—
—
Common stock, $0.01 par value (40,000 shares authorized; 15,801 shares issued and 15,362 outstanding as of
December 31, 2012 and 16,462 shares issued and 15,962 shares outstanding as of December 31, 2011)
163
164
Treasury stock (at cost, 438 and 500 shares at December 31, 2012 and 2011, respectively)
(7,898
)
(15,123
)
Additional paid-in capital
8,863
7,656
Retained earnings
42,948
43,484
Accumulated other comprehensive loss
(737
)
(1,422
)
Total stockholders’ equity
43,339
34,759
Total liabilities and stockholders’ equity
$
97,833
$
68,348