America Online 2011 Annual Report Download - page 67
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Table of Contents
AOL INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts)
December 31,
2011 2010
Assets
Current assets:
Cash and equivalents $ 407.5 $ 801.8
Accounts receivable, net of allowances of $8.3 and $16.1, respectively 311.5 307.7
Prepaid expenses and other current assets 36.9 46.8
Deferred income taxes 53.7 82.9
Total current assets 809.6 1,239.2
Property and equipment, net 505.2 529.2
Goodwill 1,064.0 810.9
Intangible assets, net 135.2 99.6
Long-term deferred income taxes 259.2 258.4
Other long-term assets 51.8 25.0
Total assets $ 2,825.0 $ 2,962.3
Liabilities and Equity
Current liabilities:
Accounts payable $ 74.9 $ 80.0
Accrued compensation and benefits 152.8 114.5
Accrued expenses and other current liabilities 171.6 236.3
Deferred revenue 70.9 92.6
Current portion of obligations under capital leases 44.6 35.2
Total current liabilities 514.8 558.6
Obligations under capital leases 66.2 50.9
Deferred income taxes 3.5 —
Other long-term liabilities 67.9 65.9
Total liabilities 652.4 675.4
Commitments and contingencies (See Note 10)
Stockholders' equity:
Common stock, $0.01 par value, 107.0 million shares issued and 94.3 million shares outstanding as of December 31, 2011 and
106.7 million shares issued and outstanding as of December 31, 2010 1.1 1.1
Additional paid-in capital 3,422.4 3,376.6
Accumulated other comprehensive loss, net (287.5) (287.9)
Accumulated deficit (789.8) (802.9)
Treasury stock, at cost, 12.7 million shares at December 31, 2011 (173.6) —
Total stockholders' equity 2,172.6 2,286.9
Total liabilities and stockholders' equity $ 2,825.0 $ 2,962.3
See accompanying notes.
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