iRobot 2010 Annual Report Download - page 94
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iROBOT CORPORATION
CONSOLIDATED BALANCE SHEETS
January 1,
2011
January 2,
2010
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents ........................................... $108,383 $ 71,856
Short term investments .............................................. 13,928 4,959
Accounts receivable, net of allowance of $88 and $90 at January 1, 2011 and
January 2, 2010, respectively ....................................... 34,056 35,171
Unbilled revenue .................................................. 4,012 1,831
Inventory . ....................................................... 27,160 32,406
Deferred tax assets ................................................. 12,917 8,669
Other current assets ................................................ 6,137 4,119
Total current assets ............................................... 206,593 159,011
Property and equipment, net ............................................ 25,620 20,230
Deferred tax assets................................................... 8,338 6,089
Other assets . ....................................................... 13,780 14,254
Total assets .................................................... $254,331 $199,584
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED AND
STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................. $ 38,689 $ 30,559
Accrued expenses.................................................. 15,790 14,384
Accrued compensation .............................................. 17,827 13,525
Deferred revenue and customer advances ................................ 3,534 3,908
Total current liabilities ............................................ 75,840 62,376
Long term liabilities ................................................. 3,584 4,014
Commitments and contingencies (Note 11):
Redeemable convertible preferred stock, 5,000,000 shares authorized and no shares
issued or outstanding ............................................... — —
Common stock, $0.01 par value, 100,000,000 and 100,000,000 shares authorized and
25,844,840 and 25,091,619 shares issued and outstanding at January 1, 2011 and
January 2, 2010, respectively ......................................... 258 251
Additional paid-in capital .............................................. 156,620 140,613
Deferred compensation ............................................... — (64)
Retained earnings (accumulated deficit) ................................... 17,949 (7,565)
Accumulated other comprehensive income (loss) ............................ 80 (41)
Total stockholders’ equity .......................................... 174,907 133,194
Total liabilities, redeemable convertible preferred stock and stockholders’
equity ....................................................... $254,331 $199,584
See accompanying Notes to Consolidated Financial Statements
48