FriendFinder Networks Inc. company info

CIK 1451951
IRS Number 133750988
State of incorporation NV
Business address 6800 BROKEN SOUND PARKWAY
Mail address 6800 BROKEN SOUND PARKWAY

Short summary

FriendFinder Networks Inc. is a Florida company, with head office located at 6800 Broken Sound Parkway Boca Raton, Florida 33487. In 2012 the company owned a total of 465.30 million USD worth of assets, including 62.58 million USD worth of current assets. 2010 was the year when the company amassed the most assets. The company net sales last year amounted to 314.38 million USD. The company allocated 15.07 million USD of its income to research and development.

FriendFinder Networks Inc. Income Statement

Name [in Millions USD]20082009201020112012Trends
Revenue, Net 327.69346.00331.34314.38
Cost of Goods and Services Sold 91.70110.49108.06108.94
Gross Profit 236.00235.51223.27205.44
Research and development 13.5012.8316.8915.07
Amortization of Acquired Intangible Assets 24.4615.7613.86
Operating Expenses 177.60163.77157.03150.31
Operating Income (Loss) 58.4071.7465.3455.13
Interest expense 88.5185.9989.24
Other Nonoperating Income (Expense) -0.37-13.20-3.53-0.06
Income Tax Expense (Benefit) -5.33-0.49-6.47-0.07
Net income -41.22-43.15-31.14-49.44

FriendFinder Networks Inc. Balance Sheet

Name [in Millions USD]20082009201020112012Trends
Cash and cash equivalents 23.7022.9628.0112.8238.63
Accounts Receivable, Net, Current 9.829.768.62
Inventories 0.720.700.54
Deferred income taxes 6.974.411.84
Property, Plant and Equipment, Gross 46.0329.89
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 38.2024.77
Goodwill 326.54328.06328.06
Other Assets, Noncurrent 2.6424.28
Total assets 505.34464.92465.30
Current assets 62.4843.0962.58
Accounts payable 6.327.274.06
Total current liabilities 137.00121.20636.33
Long-term Debt, Excluding Current Maturities 457.78475.35259.21
Long-term Debt 482.80530.90
Deferred income taxes 31.9228.3125.64
Total liabilities 626.71624.86661.97
Common Stock, Value, Issued 0.030.03
Retained Earnings (Accumulated Deficit) -246.16-293.82-311.21
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.34-331.92

FriendFinder Networks Inc. Cash Flow

Name [in Millions USD]20082009201020112012Trends
Net income -41.22-43.15-31.14-49.44
Amortization of Intangible Assets 35.4519.0815.7613.86
Depreciation and amortization
Deferred Income Tax Expense (Benefit) -5.33-1.28-6.51-0.11
Accounts receivable 3.05-1.42-0.774.04
Inventories -0.29-0.31-0.21-0.06
Accounts payable 3.58-3.13-0.98-3.94
Deferred revenue 3.232.26-6.00-7.56
Net Cash Provided by (Used in) Operating Activities 39.6842.6437.7912.55
Payments to Acquire Property, Plant, and Equipment 3.543.535.462.47
Payments to Acquire Businesses, Net of Cash Acquired 2.03
Net Cash Provided by (Used in) Investing Activities 4.20-1.25-7.54-2.99
Proceeds from Issuance of Common Stock 50
Net Cash Provided by (Used in) Financing Activities -44.99-29.41-41.47-16.08
Cash and Cash Equivalents, Period Increase (Decrease) -1.1011.99-11.22-6.53