Vistaprint 2007 Annual Report Download - page 63
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VISTAPRINT LIMITED
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
June 30,
2007 2006
Assets
Current assets:
Cash and cash equivalents ............................................ $ 69,464 $ 64,653
Marketable securities ................................................. 38,578 43,474
Accounts receivable, net of allowances of $148 and $50 at June 30, 2007
and 2006, respectively .............................................. 4,647 1,465
Inventory ............................................................ 1,144 1,407
Prepaid expenses and other current assets ............................. 4,962 3,564
Total current assets....................................................... 118,795 114,563
Property, plant and equipment, net ......................................... 106,192 50,311
Software and web site development costs, net .............................. 3,841 2,417
Patents .................................................................. 1,277 1,417
Deferred tax asset ........................................................ — 435
Deposits, image licenses and other non-current assets....................... 4,748 2,249
Total assets.............................................................. $234,853 $171,392
Liabilities and shareholders’ equity
Current liabilities:
Trade accounts payable............................................... $ 9,445 $ 6,240
Accrued expenses.................................................... 22,403 13,716
Deferred revenue..................................................... 746 1,924
Current portion of long-term debt....................................... 3,202 2,482
Total current liabilities ..................................................... 35,796 24,362
Deferred tax liability....................................................... 1,225 —
Long-term debt ........................................................... 21,772 23,046
Shareholders’ equity:
Common shares, par value $0.001 per share, 500,000,000 shares
authorized at June 30, 2007 and 2006, respectively; 43,472,317 and
41,500,750 shares issued and outstanding at June 30, 2007 and 2006,
respectively........................................................ 43 42
Additional paid-in capital .............................................. 170,029 146,354
Retained earnings (accumulated deficit) ................................ 4,066 (23,077)
Accumulated other comprehensive income ............................. 1,922 665
Total shareholders’ equity ................................................. 176,060 123,984
Total liabilities and shareholders’ equity..................................... $234,853 $171,392
See accompanying notes.
Form 10-K
59