America Online 2010 Annual Report Download - page 73

Table of Contents
AOL INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts)
December 31,
2010 2009
(recast)
Assets
Current assets:
Cash and equivalents $ 801.8 $ 146.1
Accounts receivable, net of allowances of $16.1 and $31.6, respectively 307.7 440.0
Prepaid expenses and other current assets 46.8 33.1
Deferred income taxes 82.9 44.7
Current assets of discontinued operations — 23.5
Total current assets 1,239.2 687.4
Property and equipment, net 529.2 704.7
Goodwill 810.9 2,171.6
Intangible assets, net 99.6 210.4
Long-term deferred income taxes 258.4 136.8
Long-term assets of discontinued operations — 27.0
Other long-term assets 25.0 25.2
Total assets $ 2,962.3 $ 3,963.1
Liabilities and Equity
Current liabilities:
Accounts payable $ 80.0 $ 100.4
Accrued compensation and benefits 114.5 90.7
Accrued expenses and other current liabilities 236.3 400.4
Deferred revenue 92.6 113.5
Current portion of obligations under capital leases 35.2 32.4
Current liabilities of discontinued operations — 14.0
Total current liabilities 558.6 751.4
Obligations under capital leases 50.9 41.5
Restructuring liabilities 7.0 28.3
Deferred income taxes — 2.4
Long-term liabilities of discontinued operations — 7.0
Other long-term liabilities 58.9 69.6
Total liabilities 675.4 900.2
Commitments and contingencies (See Note 11)
Equity:
Common stock, $0.01 par value, 106.7 million and 105.8 million shares issued and outstanding at December 31, 2010 and
December 31, 2009, respectively 1.1 1.1
Additional paid-in capital 3,376.6 3,355.5
Accumulated other comprehensive loss, net (287.9) (275.1)
Accumulated deficit for the period subsequent to November 2, 2009 (802.9) (20.4)
Total AOL Inc. stockholders' equity 2,286.9 3,061.1
Noncontrolling interest — 1.8
Total equity 2,286.9 3,062.9
Total liabilities and equity $ 2,962.3 $ 3,963.1
See accompanying notes.
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