Financial Intelligence for Entrepreneurs

			December 31,
			2005	2006
			(In thousands, except par value amounts)
ASSETS
Current Assets:
	Cash and cash equivalents		$ 1,313,580	$ 2,662,792
	Short-term investments		774,650	542,103
	Accounts receivable, net		322,788	393,195
	Funds receivable from customers		255,282	399,297
	Restricted cash		29,702	12,738
	Other current assets		487,235	960,461
		Total current assets	3,183,237	4,970,586
Long-term investments			825,667	277,853
Property and equipment, net			801,602	998,196
Goodwill			6,120,079	6,544,278
Intangible assets, net			823,280	682,977
Other assets			35,121	20,121
			$11,788,986	$13,494,011
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
	Accounts payable		$ 55,692	$ 83,392
	Funds payable and amounts due to customers		586,651	1,159,952
	Accrued expenses and other current liabilities		578,557	681,669
	Deferred revenue and customer advances		81,940	128,964
	Income taxes payable		182,095	464,418
		Total current liabilities	1,484,935	2,518,395
Deferred tax liabilities, net			215,682	31,784
Other liabilities			40,388	39,200
		Total liabilities	1,741,005	2,589,379
Commitments and Contingencies (Note 8)
Stockholders’ equity:
	Common Stock, $0.001 par value; 3,580,000 shares authorized; 1,404,183 and 1,368,512 shares outstanding		1,412	1,431
	Additional paid-in capital		7,272,742	8,034,282
		Unearned stock-based compensation	(45,540)—
	Treasury stock at cost, 7,531 and 62,250 shares		(274)	(1,669,428)
	Retained earnings		2,716,511	3,842,150
	Accumulated other comprehensive income		103,130	696,197
		Total stockholders’ equity	10,047,981	10,904,632
			$11,788,986	$13,494,011
The accompanying notes are an integral part of these consolidated financial statements.

APPENDIX C

Under Armour and eBay Financial Statements