Attached files
file | filename |
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10-K - FORM 10-K - Archipelago Learning, Inc. | d71375e10vk.htm |
EX-32.1 - EX-32.1 - Archipelago Learning, Inc. | d71375exv32w1.htm |
EX-31.2 - EX-31.2 - Archipelago Learning, Inc. | d71375exv31w2.htm |
EX-99.2 - EX-99.2 - Archipelago Learning, Inc. | d71375exv99w2.htm |
EX-23.1 - EX-23.1 - Archipelago Learning, Inc. | d71375exv23w1.htm |
EX-21.1 - EX-21.1 - Archipelago Learning, Inc. | d71375exv21w1.htm |
EX-31.1 - EX-31.1 - Archipelago Learning, Inc. | d71375exv31w1.htm |
EX-10.45 - EX-10.45 - Archipelago Learning, Inc. | d71375exv10w45.htm |
Exhibit 99.1
Schedule I Condensed Financial Information of Registrant
ARCHIPELAGO LEARNING, INC.
BALANCE SHEET
As of | ||||
December 31,2009 | ||||
(in thousands) | ||||
Assets |
||||
Cash and cash equivalents |
$ | 48,655 | ||
Receivable from subsidiary |
16 | |||
Note receivable from subsidiary |
25,650 | |||
Investment in subsidiaries |
13,184 | |||
Total assets |
$ | 87,505 | ||
Liabilities and Equity |
||||
Tax payable |
$ | 540 | ||
Due to subsidiary |
3,955 | |||
Total liabilities |
4,495 | |||
Commitments and contingencies |
||||
Stockholders Equity: |
||||
Preferred stock ($0.001 par value,
10,000,000 shares authorized, none
issued and outstanding at December 31,
2009 and 2008) |
| |||
Common stock ($0.001 par value,
200,000,000 shares authorized,
25,110,255 shares issued and
outstanding at December 31, 2009 and no
shares authorized, issued or
outstanding at December 31, 2008) |
25 | |||
Additional paid-in capital |
76,072 | |||
Retained earnings |
6,913 | |||
Total stockholders equity |
83,010 | |||
Total liabilities and equity |
$ | 87,505 | ||
STATEMENT OF OPERATIONS
For the period from inception at August | ||||
4, 2009 through December 31, 2009 | ||||
(in thousands) | ||||
Interest income |
$ | 25 | ||
Loss on Investment in Subsidiaries |
(1,106 | ) | ||
Net loss |
$ | (1,081 | ) | |
STATEMENT OF CASH FLOWS
For the period | ||||
from inception at | ||||
August 4, 2009 | ||||
through December | ||||
31, 2009 | ||||
(in thousands) | ||||
Cash flows from operating activities |
||||
Net loss |
$ | (1,081 | ) | |
Adjustments to reconcile net income to net cash provided by operating activities: |
||||
Changes in operating assets and liabilities: |
||||
Investment in subsidiaries |
1,090 | |||
Net cash provided by operating activities |
9 | |||
Cash flows from investing activities |
||||
Net cash used in investing activities |
| |||
Cash flows from financing activities |
||||
Contribution from member in Reorganization |
693 | |||
Stock offering |
47,953 | |||
Net cash provided by financing activities |
48,646 | |||
Net change in cash and cash equivalents |
48,655 | |||
Beginning of period |
| |||
End of period |
$ | 48,655 | ||