Vonage 2010 Annual Report Download - page 59

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VONAGE HOLDINGS CORP. CONSOLIDATED BALANCE SHEETS
(In thousands, except par value)
D
ecem
b
er
3
1
,
20
1
0
D
ecem
b
er
3
1
,
2009
A
sset
s
C
urrent assets
:
C
ash and cash e
q
uivalents
$
78,934
$
32,213
Accounts receivable, net of allowance of
$
588 and
$
1,432, respectively 15,207 15,053
I
nventory, net of allowance of
$
763 and
$
432, respectively 6,143 7,771
D
eferred customer ac
q
uisition costs, current 6,481 15,99
7
P
re
p
aid ex
p
enses and other current assets
1
7,
231 40
,
425
To
t
a
l
cu
rr
e
nt
asse
t
s
123
,
996 111
,
4
5
9
P
roperty and equipment, net
79
,
0
5
090
,5
48
S
oftware, net
3
5,5
16 3
5,5
40
D
eferred customer ac
q
uisition costs, non-current 1,093 7,07
5
D
ebt related costs, net
5
,
3
7
2
7,
412
Res
tri
c
t
ed cas
h 7,
9
7
843
,7
00
I
ntan
g
ible assets, net
4
,
186
5,
331
O
ther asset
s
3
,
201 12
,
319
T
ota
l
asset
s
$ 260
,
392 $ 313
,
38
4
Liabilities and
S
tockholders’ Deficit
Li
ab
iliti
es
C
urrent liabilities:
A
ccounts payabl
e
$
37,128
$
11,51
2
A
ccrued ex
p
enses
89
,
40
7
69
,
1
7
1
D
eferred revenue, current
p
ortio
n
43
,
39
7 55,
929
C
urrent maturities of capital lease obli
g
ations 1,783 1,50
0
C
urrent portion of notes payable
s
20
,
000 1
,
303
To
t
a
l
cu
rr
e
nt li
ab
iliti
es
191
,7
1
5
139
,
415
Notes payable, net of discount and current maturities 173,004 200,468
E
mbedded features within notes payable, at fair value — 25,05
0
D
eferred revenue, net of current
p
ortion
1
,7
84 8
,
629
C
apital lease obli
g
ations, net of current maturities 17,665 19,448
O
ther liabilities, net of current
p
ortion in accrued ex
p
enses 5,871 12,283
T
ota
lli
a
bili
t
i
e
s
3
90
,
039 405
,
293
C
ommitments and Contingencies
S
tockholders’ Defici
t
Common stock,
p
ar value
$
0.001
p
er share; 596,950 shares authorized at December 31, 2010 an
d
D
ecember 31, 2009; 223,454 and 201,628 shares issued at December 31, 2010 and December 31
,
2
009, respect
i
ve
l
y; 221,566 an
d
199,898 s
h
ares outstan
di
ng at
D
ecem
b
er 31, 2010 an
d
D
ecem
b
er 31, 2009, respect
i
ve
ly
2
23 202
Addi
t
i
ona
l
pa
id
-
i
n cap
i
ta
l
1
,
053
,
805 1
,
008
,
54
7
A
ccumulated de
f
ici
t
(1,171,901) (1,088,236
)
T
reasur
y
stock, at cost, 1,888 shares at December 31, 2010 and 1,730 shares at December 31, 2009 (13,139) (12,878
)
A
ccumu
l
ate
d
ot
h
er compre
h
ens
i
ve
i
ncome 1
,
365 45
6
To
t
a
l
s
t
oc
kh
o
l
de
r
s
’
de
fi
c
i
t
(
129,647
)(
91,909
)
T
otal liabilities and stockholders’ deficit
$
260,392
$
313,384
T
he accompanyin
g
notes are an inte
g
ral part o
f
these
f
inancial statement
s
F
-
4
VO
NA
G
E ANN
U
AL REP
O
RT 2010