10-Q Filing

DIGITAL RIVER INC /DE CIK: 1062530 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-046389`
Period End Date	20110331
Filing Date	20110506
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	driv-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 40 Cash Flow Statement 63

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$484.23M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$378.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$565.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$392.70M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$80.11M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$163.03M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$83.64M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$238.40M	USD	Point-in-time
Accounts receivable, net of allowance of $4,849 and $4,902	`AccountsReceivableNetCurrent`	$53.61M	USD	Point-in-time
Accounts receivable, net of allowance of $4,849 and $4,902	`AccountsReceivableNetCurrent`	$50.92M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$10.72M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$10.63M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$35.69M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$30.38M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$822.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$820.04M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.97M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$49.60M	USD	Point-in-time
Goodwill	`Goodwill`	$294.36M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$283.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $83,644 and $80,106	`FiniteLivedIntangibleAssetsNet`	$37.91M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $83,644 and $80,106	`FiniteLivedIntangibleAssetsNet`	$35.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$110.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.11M	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$109.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.32M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$17.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$17.89M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.46M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.30M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.82M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.37M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.34B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.33B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$187.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$188.91M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$18.27M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$21.12M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$11.27M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$10.45M	USD	Point-in-time
Accrued acquisition liabilities	`BusinessAcquisitionPurchasePriceAllocationCurrentLiabilitiesAccruedLiabilities`	$1.61M	USD	Point-in-time
Accrued acquisition liabilities	`BusinessAcquisitionPurchasePriceAllocationCurrentLiabilitiesAccruedLiabilities`	$710.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$58.08M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$44.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$280.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$262.06M	USD	Point-in-time
Senior convertible notes	`SeniorLongTermNotes`	$353.81M	USD	Point-in-time
Senior convertible notes	`SeniorLongTermNotes`	$353.81M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$15.13M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$16.04M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$368.94M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$369.84M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$630.99M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$650.02M	USD	Point-in-time
Preferred stock, $.01 par value; 5,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 5,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $.01 par value; 120,000,000 shares authorized; 47,112,046 and 46,323,799 shares issued	`CommonStockValue`	$471.00K	USD	Point-in-time
Common Stock, $.01 par value; 120,000,000 shares authorized; 47,112,046 and 46,323,799 shares issued	`CommonStockValue`	$463.00K	USD	Point-in-time
Treasury stock at cost; 7,460,177 and 7,297,174 shares	`TreasuryStockValue`	$260.76M	USD	Point-in-time
Treasury stock at cost; 7,460,177 and 7,297,174 shares	`TreasuryStockValue`	$255.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$683.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$689.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$261.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$254.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$572.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$18.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$709.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$683.75M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.33B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$98.19M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$98.73M	USD	1 Quarter
Direct cost of services	`CostOfGoodsAndServicesSold`	$4.64M	USD	1 Quarter
Direct cost of services	`CostOfGoodsAndServicesSold`	$4.16M	USD	1 Quarter
Network and infrastructure	`NetworkAndInfrastructureCost`	$12.61M	USD	1 Quarter
Network and infrastructure	`NetworkAndInfrastructureCost`	$11.43M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$41.05M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$37.71M	USD	1 Quarter
Product research and development	`ResearchAndDevelopmentExpense`	$15.62M	USD	1 Quarter
Product research and development	`ResearchAndDevelopmentExpense`	$15.69M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.48M	USD	1 Quarter
Amortization of acquisition-related intangibles	`FiniteLivedIntangibleAssetsAmortizationExpense`	$2.12M	USD	1 Quarter
Amortization of acquisition-related intangibles	`FiniteLivedIntangibleAssetsAmortizationExpense`	$1.48M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$88.38M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$90.60M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$9.80M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$8.13M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.48M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$764.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$66.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$851.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-134.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.68M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.88M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$2.71M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.97M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.02M	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Shares used in per-share calculation - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.42M	shares	1 Quarter
Shares used in per-share calculation - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.23M	shares	1 Quarter
Shares used in per-share calculation - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.22M	shares	1 Quarter
Shares used in per-share calculation - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.25M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$6.97M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.02M	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$1.48M	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$2.12M	USD	1 Quarter
Change in accounts receivable allowance, net of acquisitions	`ProvisionForDoubtfulAccounts`	$751.00K	USD	1 Quarter
Change in accounts receivable allowance, net of acquisitions	`ProvisionForDoubtfulAccounts`	$-97.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.48M	USD	1 Quarter
Debt issuance cost amortization	`AmortizationOfFinancingCosts`	$505.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.48M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.96M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.42M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$442.00K	USD	1 Quarter
Deferred and other income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.15M	USD	1 Quarter
Deferred and other income taxes	`DeferredIncomeTaxesAndTaxCredits`	$108.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.61M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.94M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.42M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.26M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.73M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$629.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$526.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-419.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.93M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-19.10M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.47M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.74M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.32M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$109.11M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$11.68M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$37.80M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$12.25M	USD	1 Quarter
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$333.00K	USD	1 Quarter
Purchases of equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$3.55M	USD	1 Quarter
Purchases of equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$4.51M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.31M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.82M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$342.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$486.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$214.00K	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligation	`RepurchaseOfRestrictedStockToSatisfyTaxWithholdingObligation`	$2.90M	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligation	`RepurchaseOfRestrictedStockToSatisfyTaxWithholdingObligation`	$5.56M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$442.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.42M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.97M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.27M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.24M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$10.55M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.78M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-80.86M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$484.23M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$378.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$565.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$392.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$484.23M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$378.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$565.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$392.70M	USD	Point-in-time
Cash paid for interest on senior convertible notes	`InterestPaid`	$55.00K	USD	1 Quarter
Cash paid for interest on senior convertible notes	`InterestPaid`	$55.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$1.76M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$832.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.