EX-99.2 3 ex99-2.txt CONDENSED CONSOLIDATED BALANCE SHEET Exhibit 99.2 SkyMall, Inc. Condensed Consolidated Balance Sheets (Amounts in thousands) December 31, --------------------- 2000 1999 -------- -------- unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 9,938 $ 16,060 Accounts receivable, net 7,896 11,994 Inventory 837 1,300 Prepaid catalog costs and other 1,289 2,914 Income tax receivable -- 968 Deferred income taxes -- -- -------- -------- Total current assets 19,960 33,236 Property and equipment, net 11,414 12,869 Goodwill 2,612 2,817 Other assets, net 685 1,327 -------- -------- Total assets $ 34,671 $ 50,249 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable 15,793 24,136 Accrued liabilities 2,342 3,979 Deferred Billings 536 1,298 Current portion of notes payable and capital leases 8,410 28 Current portion of restructuring charge 484 -- -------- -------- Total Current liabilities 27,565 29,441 Notes payable and capital leases, net of current portion 180 5,190 Deferred income taxes -- -- Non-current portion of restructuring charge 10 -- -------- -------- Total liabilities 27,755 34,631 -------- -------- SHAREHOLDERS' EQUITY Common stock 16 13 Additional paid-in capital 41,220 33,884 Retained earnings (34,320) (18,279) -------- -------- Total shareholders' equity 6,916 15,618 -------- -------- Total liabilities and shareholders' equity $ 34,671 $ 50,249 ======== ========