iRobot 2008 Annual Report Download - page 106
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iROBOT CORPORATION
CONSOLIDATED BALANCE SHEETS
December 27,
2008 December 29,
2007
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents ........................................ $ 40,852 $ 26,735
Short term investments .......................................... — 16,550
Accounts receivable, net of allowance of $65 and $65 at December 27, 2008
and December 29, 2007, respectively .............................. 35,930 47,681
Unbilled revenue............................................... 2,014 2,244
Inventory, net ................................................. 34,560 45,222
Deferred tax assets ............................................. 7,299 5,905
Other current assets............................................. 3,340 2,268
Total current assets ........................................... 123,995 146,605
Property and equipment, net ........................................ 22,929 15,694
Deferred tax assets ............................................... 4,508 4,293
Other assets . ................................................... 12,246 2,500
Total assets ................................................. $163,678 $169,092
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND
STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .............................................. $ 19,544 $ 44,697
Accrued expenses .............................................. 10,989 7,987
Accrued compensation .......................................... 6,393 4,603
Deferred revenue and customer advances ............................. 2,632 1,578
Total current liabilities......................................... 39,558 58,865
Long term liabilities .............................................. 4,444 —
Commitments and contingencies (Note 12):
Redeemable convertible preferred stock, 5,000 shares authorized and zero
outstanding at December 27, 2008 and December 29, 2007 ............... — —
Common stock, $0.01 par value, 100,000 and 100,000 shares authorized and
24,811 and 24,495 issued and outstanding at December 27, 2008 and
December 29, 2007, respectively ................................... 248 245
Additional paid-in capital .......................................... 130,637 122,318
Deferred compensation ............................................ (314) (685)
Accumulated deficit .............................................. (10,895) (11,651)
Total stockholders’ equity ...................................... 119,676 110,227
Total liabilities, redeemable convertible preferred stock and stockholders’
equity ................................................... $163,678 $169,092
See accompanying Notes to Consolidated Financial Statements
58