|
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2012
Successor
|
Dec. 31, 2011
Predecessor
|
Jun. 30, 2012
iPayment Holdings, Inc
Successor
|
Dec. 31, 2011
iPayment Holdings, Inc
Predecessor
|
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 1 | $ 1 | $ 501 | $ 1 |
| Accounts receivable, net of allowance for doubtful accounts of $947 and $973 at June 30, 2012 and December 31, 2011, respectively | 31,048 | 33,961 | 31,048 | 33,961 |
| Prepaid expenses and other current assets | 2,768 | 2,221 | 2,768 | 2,221 |
| Deferred tax assets | 3,013 | 3,306 | 3,013 | 3,306 |
| Total current assets | 36,830 | 39,489 | 37,330 | 39,489 |
| Restricted cash | 532 | 542 | 532 | 542 |
| Property and equipment, net | 8,788 | 6,636 | 8,788 | 6,636 |
| Merchant portfolio and other intangible assets, net of accumulated amortization of $72,511 and $43,220 at June 30, 2012 and December 31, 2011, respectively | 242,747 | 259,980 | 242,747 | 259,980 |
| Goodwill | 678,153 | 669,483 | 678,953 | 670,283 |
| Other assets, net | 22,312 | 23,798 | 25,367 | 26,987 |
| Total assets | 989,362 | 999,928 | 993,717 | 1,003,917 |
| Current liabilities: | ||||
| Accounts payable | 4,581 | 5,826 | 4,581 | 5,826 |
| Income taxes payable, net | 3,771 | 6,445 | 900 | 3,615 |
| Accrued interest | 6,654 | 6,750 | 9,181 | 9,186 |
| Accrued liabilities and other | 23,875 | 23,195 | 24,421 | 23,231 |
| Total current liabilities | 38,881 | 42,216 | 39,083 | 41,858 |
| Deferred tax liabilities, net | 28,555 | 29,178 | 28,347 | 28,970 |
| Long-term debt | 772,421 | 774,284 | 906,227 | 903,141 |
| Other liabilities | 1,511 | 1,440 | 1,511 | 1,440 |
| Total liabilities | 841,368 | 847,118 | 975,168 | 975,409 |
| Commitments and contingencies (Note 8) | ||||
| Equity | ||||
| Common stock | 165,764 | 165,764 | 45,268 | 45,268 |
| Accumulated Deficit | (17,770) | (12,954) | (26,719) | (16,760) |
| Total stockholder's equity | 147,994 | 152,810 | 18,549 | 28,508 |
| Total liabilities and stockholder's equity | $ 989,362 | $ 999,928 | $ 993,717 | $ 1,003,917 |