MIME 2017 Annual Report

58 MIMECAST LIMITED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) As of March 31, 2018 2017 Assets Current assets Cash and cash equivalents $ 78,339 $ 51,319 Short-term investments 58,871 60,347 Accounts receivable, net 65,392 44,358 Prepaid expenses and other current assets 15,302 10,054 Total current assets 217,904 166,078 Property and equipment, net 123,822 32,009 Intangible assets, net 9,819 1,590 Goodwill 5,631 5,363 Other assets 1,222 312 Total assets $ 358,398 $ 205,352 Liabilities and shareholders' equity Current liabilities Accounts payable $ 6,052 $ 3,558 Accrued expenses and other current liabilities 33,878 20,713 Deferred revenue 123,057 84,159 Current portion of capital lease obligations 1,125 233 Current portion of long-term debt — 1,725 Total current liabilities 164,112 110,388 Deferred revenue, net of current portion 18,045 11,189 Long-term capital lease obligations 2,390 245 Construction financing lease obligation 67,205 — Other non-current liabilities 4,954 1,538 Total liabilities 256,706 123,360 Commitments and contingencies (Note 12) Shareholders' equity Ordinary shares, $0.012 par value, 300,000,000 shares authorized; 58,949,644 and 55,901,996 shares issued and outstanding as of March 31, 2018 and 2017, respectively 707 671 Additional paid-in capital 212,839 183,752 Accumulated deficit (106,507) (94,017) Accumulated other comprehensive loss (5,347) (8,414) Total shareholders' equity 101,692 81,992 Total liabilities and shareholders' equity $ 358,398 $ 205,352 The accompanying notes are an integral part of these consolidated financial statements.