10-Q Filing

DIGITAL RIVER INC /DE CIK: 1062530 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-217807`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	driv-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 40 Cash Flow Statement 64 Comprehensive Income 12

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.61M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.87M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$88.17M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$85.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$565.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$475.36M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$484.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$497.19M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$223.35M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$225.67M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance of $4,870 and $4,613	`AccountsReceivableNetCurrent`	$58.15M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $4,870 and $4,613	`AccountsReceivableNetCurrent`	$64.81M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.53M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.49M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$41.03M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$35.72M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$829.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$808.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.85M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.25M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.67M	USD	Point-in-time
Goodwill	`Goodwill`	$286.43M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.94M	shares	Point-in-time
Goodwill	`Goodwill`	$281.86M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.74M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $88,174 and $85,542	`FiniteLivedIntangibleAssetsNet`	$18.32M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $88,174 and $85,542	`FiniteLivedIntangibleAssetsNet`	$16.82M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$99.05M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$96.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$21.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$23.01M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.74M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.97M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.29B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.31B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$243.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$202.26M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$17.52M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$15.13M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$7.07M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$8.63M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$42.58M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$49.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$312.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$274.35M	USD	Point-in-time
Senior convertible notes	`SeniorConvertibleLongTermNotes`	$353.81M	USD	Point-in-time
Senior convertible notes	`SeniorConvertibleLongTermNotes`	$353.81M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$12.39M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$12.56M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$366.19M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$366.36M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$640.55M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$678.50M	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; 48,846,879 and 47,248,765 shares issued	`CommonStockValue`	$472.00K	USD	Point-in-time
Common Stock, $.01 par value; 120,000,000 shares authorized; 48,846,879 and 47,248,765 shares issued	`CommonStockValue`	$488.00K	USD	Point-in-time
Treasury stock at cost; 11,937,440 and 11,741,310 shares	`TreasuryStockValue`	$344.38M	USD	Point-in-time
Treasury stock at cost; 11,937,440 and 11,741,310 shares	`TreasuryStockValue`	$340.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$713.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$708.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$276.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$271.77M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$552.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$646.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$632.27M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.31B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.29B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$98.19M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$102.44M	USD	1 Quarter
Direct cost of services	`CostOfServices`	$4.16M	USD	1 Quarter
Direct cost of services	`CostOfServices`	$3.63M	USD	1 Quarter
Network and infrastructure	`InformationTechnologyAndDataProcessing`	$12.61M	USD	1 Quarter
Network and infrastructure	`InformationTechnologyAndDataProcessing`	$12.76M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$43.03M	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`	$16.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.41M	USD	1 Quarter
Amortization of acquisition-related intangibles	`FiniteLivedIntangibleAssetsAmortizationExpense`	$2.12M	USD	1 Quarter
Amortization of acquisition-related intangibles	`FiniteLivedIntangibleAssetsAmortizationExpense`	$1.85M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$88.38M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$95.27M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$7.17M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$9.80M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.48M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.24M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.26M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-297.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-134.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.88M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.78M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.87M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.04M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.74M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.02M	USD	1 Quarter
Net income (loss) per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Net income (loss) per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Net income (loss) per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Net income (loss) per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Shares used in per-share calculation - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.61M	shares	1 Quarter
Shares used in per-share calculation - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.23M	shares	1 Quarter
Shares used in per-share calculation - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.01M	shares	1 Quarter
Shares used in per-share calculation - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.25M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$4.74M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.02M	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$1.85M	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfIntangibleAssets`	$2.12M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$476.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-97.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.41M	USD	1 Quarter
Debt issuance cost amortization	`AmortizationOfFinancingCosts`	$505.00K	USD	1 Quarter
Debt issuance cost amortization	`AmortizationOfFinancingCosts`	$494.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.96M	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`	$46.00K	USD	1 Quarter
Deferred and other income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.58M	USD	1 Quarter
Deferred and other income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.15M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.83M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.20M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.94M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.73M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-44.24M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$629.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.64M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-419.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.89M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.05M	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-19.10M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.32M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.07M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$109.11M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$62.21M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$60.61M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$37.80M	USD	1 Quarter
Purchases of equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$4.51M	USD	1 Quarter
Purchases of equipment and capitalized software	`PaymentsToAcquireProductiveAssets`	$2.41M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.82M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.01M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$342.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.46M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$214.00K	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.43M	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.56M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.42M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$46.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.27M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.93M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.17M	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`	$-80.86M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.84M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$565.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$475.36M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$484.23M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$497.19M	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`	$475.36M	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`	$497.19M	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`	$496.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$832.00K	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$4.74M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.02M	USD	1 Quarter
Unrealized foreign exchange gain (loss) on the revaluation of investments in foreign subsidiaries	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease`	$17.63M	USD	1 Quarter
Unrealized foreign exchange gain (loss) on the revaluation of investments in foreign subsidiaries	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease`	$10.01M	USD	1 Quarter
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-3.03M	USD	1 Quarter
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$915.00K	USD	1 Quarter
Tax benefit (expense)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent`	$-291.00K	USD	1 Quarter
Tax benefit (expense)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent`	$1.54M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$8.52M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$18.25M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$25.27M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$13.25M	USD	1 Quarter

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