Hypercom Corporation Annual Report - CiteSeer
Hypercom Corporation Annual Report - CiteSeer
Hypercom Corporation Annual Report - CiteSeer
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HYPERCOM CORPORATION<br />
CONSOLIDATED BALANCE SHEETS<br />
2009<br />
December 31,<br />
2008<br />
(Dollars in thousands, except share data)<br />
ASSETS<br />
Current assets:<br />
Cash and cash equivalents $ 55,041 $ 35,582<br />
Short-term investments<br />
Accounts receivable, net of allowance for doubtful<br />
— 499<br />
accounts of $3,240 and $4,469, respectively 86,031 96,498<br />
Current portion of net investment in sales-type leases 5,235 8,574<br />
Inventories 29,363 31,290<br />
Prepaid expenses and other current assets 8,855 7,106<br />
Deferred income taxes 1,311 1,320<br />
Current portion of assets held for sale 5,241 2,616<br />
Total current assets 191,077 183,485<br />
Property, plant and equipment, net 24,304 24,911<br />
Net investment in sales-type leases 5,046 4,802<br />
Intangible assets, net 49,579 57,311<br />
Goodwill 28,536 26,715<br />
Assets held for sale — 3,262<br />
Other long-term assets 8,346 5,814<br />
Total assets $ 306,888 $ 306,300<br />
LIABILITIES AND STOCKHOLDERS' EQUITY<br />
Current liabilities:<br />
Accounts payable $ 52,355 $ 50,545<br />
Accrued payroll and related expenses 16,152 16,596<br />
Accrued sales and other taxes 8,116 7,706<br />
Product warranty liabilities 5,444 6,597<br />
Restructuring liabilities 8,265 7,724<br />
Accrued other liabilities 20,677 22,866<br />
Deferred revenue 11,559 12,177<br />
Deferred tax liabilities 22 4,828<br />
Income taxes payable 6,568 5,201<br />
Current portion of liabilities held for sale 1,244 2,410<br />
Total current liabilities 130,402 136,650<br />
Deferred tax liabilities 14,902 15,999<br />
Long term debt, net of discount 56,076 48,769<br />
Other liabilities 14,612 11,094<br />
Total liabilities 215,992 212,512<br />
Commitments and contingencies<br />
Stockholders' equity:<br />
Common stock, $.001 par value; 100,000,000 shares<br />
authorized; 54,622,360 and 53,442,799 shares outstanding<br />
at December 31, 2009 and 2008, respectively 58 57<br />
Additional paid-in capital 275,001 272,869<br />
Accumulated deficit (146,113 ) (139,245 )<br />
Treasury stock, 3,162,248 shares (at cost) at<br />
December 31, 2009 and 2008. (22,749 ) (22,749 )<br />
Accumulated other comprehensive loss (15,301 ) (17,144 )<br />
Total stockholders' equity 90,896 93,788<br />
Total liabilities and stockholders' equity $ 306,888 $ 306,300<br />
The accompanying notes are an integral part of these consolidated financial statements.<br />
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