Vistaprint 2009 Annual Report Download - page 72
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VISTAPRINT LIMITED
(predecessor to Vistaprint N.V.)
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
June 30,
2009
June 30,
2008
Assets
Current assets:
Cash and cash equivalents ............................................ $133,988 $103,145
Marketable securities ................................................. — 26,598
Accounts receivable, net of allowances of $172 and $213, respectively .... 5,672 6,105
Inventory ............................................................ 4,384 2,548
Prepaid expenses and other current assets ............................. 12,819 5,678
Total current assets....................................................... 156,863 144,074
Property, plant and equipment, net ......................................... 193,622 154,520
Software and web site development costs, net .............................. 6,754 5,380
Deferred tax assets ....................................................... 7,035 2,956
Other assets ............................................................. 5,275 9,022
Total assets.............................................................. $369,549 $315,952
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable .................................................... $ 11,347 $ 8,486
Accrued liabilities..................................................... 43,724 35,655
Deferred revenue..................................................... 3,393 1,893
Current portion of long-term debt....................................... 8,349 3,304
Total current liabilities ..................................................... 66,813 49,338
Deferred tax liabilities ..................................................... 1,637 2,656
Other liabilities ........................................................... 5,100 1,946
Long-term debt ........................................................... 10,465 19,507
Total liabilities ............................................................ 84,015 73,447
Commitments and contingencies (Note 11)
Shareholders’ equity:
Common shares, par value $0.001 per share, 500,000,000 shares
authorized; 44,675,223 and 44,279,248 shares issued and 42,805,811
and 44,279,248 shares outstanding, respectively ...................... 45 44
Treasury shares, at cost, 1,869,412 and 0 shares, respectively ........... (29,881) —
Additional paid-in capital .............................................. 212,864 191,271
Retained earnings .................................................... 98,784 43,098
Accumulated other comprehensive income ............................. 3,722 8,092
Total shareholders’ equity ................................................. 285,534 242,505
Total liabilities and shareholders’ equity..................................... $369,549 $315,952
See accompanying notes.
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