Vistaprint 2006 Annual Report Download - page 58

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Table of Contents VISTAPRINT LIMITED
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
June 30,
2006 2005
Assets
Current assets:
Cash and cash equivalents $ 64,653 $ 26,402
Marketable securities 43,474 —
Accounts receivable, net of allowances of $50 and $57 at June 30, 2006 and 2005, respectively 1,465 1,186
Inventory 1,407 354
Prepaid expenses and other current assets 3,564 2,651
Total current assets 114,563 30,593
Property, plant and equipment, net 50,311 29,913
Software and web site development costs, net 2,417 1,916
Patents 1,417 1,556
Deferred tax asset 435 317
Deposits, image licenses and other non−current assets 2,249 1,691
Total assets $171,392 $ 65,986
Liabilities, redeemable convertible preferred shares and shareholders’ equity (deficit)
Current liabilities:
Trade accounts payable:
Mod−Pac Corporation $ — $ 1,628
All other vendors 6,240 2,889
Accrued expenses 13,716 10,585
Deferred revenue 1,924 540
Current portion of long−term debt 2,482 1,281
Total current liabilities 24,362 16,923
Long−term debt 23,046 15,696
Commitments and contingencies
Series A redeemable convertible preferred shares, par value $0.001 per share, 0 and 11,000,000 shares
authorized, 0 and 9,845,849 shares issued and outstanding at June 30, 2006 and 2005, respectively (aggregate
liquidation preference of $0 and $14,080, respectively) — 13,556
Series B redeemable convertible preferred shares, par value $0.001 per share, 0 and 13,008,515 shares
authorized, 0 and 12,874,694 shares issued and outstanding at June 30, 2006 and 2005, respectively
(aggregate liquidation preference of $0 and $52,915, respectively) — 57,880
Shareholders’ equity (deficit):
Common shares, par value $0.001 per share, 500,000,000 and 39,289,197 shares authorized at June 30,
2006 and 2005, respectively; 41,500,750 and 11,374,892 shares issued and outstanding at June 30, 2006
and 2005, respectively 42 11
Additional paid−in capital 146,354 2,679
Accumulated deficit (23,077) (41,017)
Accumulated other comprehensive income 665 258
Total redeemable convertible preferred shares and shareholders’ equity (deficit) 123,984 (38,069)
Total liabilities, redeemable convertible preferred shares and shareholders’ equity (deficit) $171,392 $ 65,986
See accompanying notes.
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