LOCAL Corp company info

CIK 1259550
IRS Number 330849123
State of incorporation DE
Business address ONE TECHNOLOGY DRIVE
BUILDING G
IRVINE
CA
92618
Mail address ONE TECHNOLOGY DRIVE
BUILDING G
IRVINE
CA
92618

Short summary

LOCAL Corp is a California company, with head office located at One Technology Drive Irvine, California 92618. In 2014 the company owned a total of 36.82 million USD worth of assets, including 10.64 million USD worth of current assets. 2011 was the year when the company amassed the most assets.

LOCAL Corp Income Statement

Name [in Millions USD]2008200920102011201220132014Trends
Research and development 3.545.136.545.096.555.68
Operating Income (Loss) -3.103.71-15.27-11.12-5.27-4.82
Interest expense 0.290.470.462.332.18
Income Tax Expense (Benefit) 0.160.100.180.110.140.13
Net income -6.274.22-14.60-24.24-10.36-5.50

LOCAL Corp Balance Sheet

Name [in Millions USD]2008200920102011201220132014Trends
Cash and cash equivalents 12.1415.0513.487.104.816.682.29
Accounts Receivable, Net, Current 10.9815.2213.4312.777.40
Property, Plant and Equipment, Gross 16.3118.2822.5424.40
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 8.8212.3316.2019.21
Goodwill 20.3425.8719.2819.2819.28
Intangible Assets, Net (Excluding Goodwill) 10.596.292.891.991.64
Total assets 65.5565.6250.3547.7036.82
Current assets 26.1425.6820.0520.0110.64
Accounts payable 8.0514.519.7612.2911.01
Total current liabilities 12.5426.7222.7126.0118.69
Long-term Debt, Excluding Current Maturities 1.130
Long-term Debt 5.349.51
Deferred income taxes 0.190.270.300.440.48
Total liabilities 12.7326.9827.1431.2025.67
Common Stock, Value, Issued 000
Retained Earnings (Accumulated Deficit) -61.52-81.91-100.54-108.12-114.05

LOCAL Corp Cash Flow

Name [in Millions USD]2008200920102011201220132014Trends
Net income -6.274.22-14.60-24.24-10.36-5.50
Depreciation and amortization 1.203.203.703.903.90
Amortization of Intangible Assets 2.525.735.453.610.910.69
Depreciation and amortization 3.267.158.748.175.084.57
Deferred Income Tax Expense (Benefit) 0.170.130.090.130.13
Accounts receivable 3.642.151.26-1.277.08-8.02
Deferred revenue 0.570.07-0.47-0.10-0.00-0.09
Net Cash Provided by (Used in) Operating Activities 3.428.31-0.75-8.891.204.72
Payments to Acquire Property, Plant, and Equipment 1.936.274.363.363.583.46
Payments to Acquire Businesses, Net of Cash Acquired 5.7815.97
Payments to Acquire Intangible Assets 6.834.940.82
Net Cash Provided by (Used in) Investing Activities -8.73-16.94-21.150.12-3.54-3.07
Proceeds from Issuance of Common Stock 0.02
Payments for Repurchase of Common Stock 0.341.22
Net Cash Provided by (Used in) Financing Activities 3.2511.6419.222.073.71-4.27
Cash and Cash Equivalents, Period Increase (Decrease) -2.063.00-2.69