Vistaprint 2008 Annual Report Download - page 64
Download and view the complete annual report
Please find page 64 of the 2008 Vistaprint 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.-
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
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
 |
 |
VISTAPRINT LIMITED
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
June 30,
2008 2007
Assets
Current assets:
Cash and cash equivalents ............................................ $103,145 $ 69,464
Marketable securities ................................................. 26,598 38,578
Accounts receivable, net of allowances of $213 and $148 at June 30, 2008
and 2007, respectively .............................................. 6,105 4,647
Inventory ............................................................ 2,548 1,144
Prepaid expenses and other current assets ............................. 5,678 4,962
Total current assets....................................................... 144,074 118,795
Property, plant and equipment, net ......................................... 154,520 106,192
Software and web site development costs, net .............................. 5,380 3,841
Deferred tax assets ....................................................... 2,956 —
Other assets ............................................................. 9,022 6,025
Total assets.............................................................. $315,952 $234,853
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable .................................................... $ 8,486 $ 9,445
Accrued expenses.................................................... 35,655 22,403
Deferred revenue..................................................... 1,893 746
Current portion of long-term debt....................................... 3,304 3,202
Total current liabilities ..................................................... 49,338 35,796
Deferred tax liabilities ..................................................... 2,656 1,225
Other liabilities ........................................................... 1,946 —
Long-term debt ........................................................... 19,507 21,772
Commitments and contingencies (Note 12)
Shareholders’ equity:
Common shares, par value $0.001 per share, 500,000,000 shares
authorized; 44,279,248 and 43,472,317 shares issued and outstanding
at June 30, 2008 and 2007, respectively .............................. 44 43
Additional paid-in capital .............................................. 191,271 170,029
Retained earnings .................................................... 43,098 4,066
Accumulated other comprehensive income ............................. 8,092 1,922
Total shareholders’ equity ................................................. 242,505 176,060
Total liabilities and shareholders’ equity..................................... $315,952 $234,853
See accompanying notes.
60