America Online 2014 Annual Report Download - page 82
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AOL INC.
CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts)
December 31,
2014 2013
Assets
Current assets:
Cash and equivalents ................................................ $ 488.7 $ 207.3
Accounts receivable, net of allowances of $9.5 and $8.3, respectively .......... 554.8 491.0
Prepaid expenses and other current assets ................................ 40.2 34.1
Deferred income taxes, net ............................................ 18.1 30.7
Total current assets .............................................. 1,101.8 763.1
Property and equipment, net ........................................... 463.9 467.9
Goodwill .......................................................... 1,524.4 1,361.7
Intangible assets, net ................................................. 224.0 208.4
Long-term deferred income taxes, net ................................... 47.6 110.6
Other long-term assets ............................................... 94.9 71.7
Total assets .................................................... $ 3,456.6 $ 2,983.4
Liabilities, Redeemable Noncontrolling Interest and Equity
Current liabilities:
Accounts payable ................................................... $ 84.2 $ 101.0
Accrued compensation and benefits ..................................... 120.4 127.0
Accrued expenses and other current liabilities ............................. 197.3 197.3
Deferred revenue ................................................... 107.5 67.2
Current portion of obligations under capital leases ......................... 54.0 55.5
Total current liabilities ........................................... 563.4 548.0
Convertible senior notes .............................................. 306.5 —
Long-term portion of obligations under capital leases ....................... 91.1 56.2
Long-term deferred income taxes ....................................... 2.8 4.4
Other long-term liabilities ............................................ 95.6 97.6
Total liabilities ................................................. 1,059.4 706.2
Commitments and contingencies (see Note 10)
Redeemable noncontrolling interest (see Note 1) .............................. 8.0 9.7
Equity:
Common stock, $0.01 par value, 115.3 million shares issued and 77.9 million
shares outstanding as of December 31, 2014 and 114.1 million shares issued
and 79.2 million shares outstanding as of December 31, 2013 .............. 1.2 1.1
Additional paid-in capital ............................................. 3,699.5 3,592.7
Accumulated other comprehensive income (loss), net ....................... (304.1) (290.4)
Retained earnings (accumulated deficit) ................................. 32.2 (93.6)
Treasury stock, at cost, 37.4 million shares as of December 31, 2014 and
34.9 million shares as of December 31, 2013 ........................... (1,041.5) (942.9)
Total stockholders’ equity ........................................ 2,387.3 2,266.9
Noncontrolling interest ............................................... 1.9 0.6
Total equity .................................................... 2,389.2 2,267.5
Total liabilities, redeemable noncontrolling interest and equity ........... $ 3,456.6 $ 2,983.4
See accompanying notes.
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