| Balance Sheet for Ultimate Software Group Inc. (ULTI) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 17,462 | 16,734 | 17,731 | 14,766 | 13,783 | | Marketable Securities | 17,120 | 14,247 | 14,422 | 8,103 | - | | Receivables | 34,658 | 26,575 | 18,126 | 12,600 | 9,292 | | Inventories | - | - | - | - | - | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 82,557 | 65,835 | 55,805 | 38,583 | 25,784 | | | Gross Fixed Assets | 52,611 | 41,173 | 32,453 | 27,742 | 21,706 | | Accumulated Depreciation | (34,373) | (27,693) | (22,427) | (18,230) | (14,518) | | Net Fixed Assets | 18,238 | 13,480 | 10,026 | 9,512 | 7,188 | | Intangibles | 3,631 | 2,055 | - | - | - | | Other Non-Current Assets | 10,663 | 9,426 | 3,750 | 4,451 | 2,840 | | Total Non-Current Assets | 52,599 | 27,695 | 13,776 | 13,963 | 10,028 | | Total Assets | 135,156 | 93,530 | 69,581 | 52,546 | 35,812 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 3,528 | 3,894 | 2,613 | 2,202 | 2,549 | | Short Term Debt | 2,574 | 2,017 | 1,731 | 1,098 | 818 | | Other Current Liabilities | - | - | - | - | - | | Total Current Liabilities | 60,769 | 51,665 | 40,561 | 34,906 | 31,022 | | | Long Term Debt | 320 | 194 | 862 | 279 | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 11,098 | 9,233 | 3,646 | 2,885 | 2,333 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 13,409 | 10,843 | 5,474 | 4,116 | 3,129 | | Total Liabilities | 74,178 | 62,508 | 46,035 | 39,022 | 34,151 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 60,978 | 31,022 | 23,546 | 13,524 | 1,661 | | Total Equity | 60,978 | 31,022 | 23,546 | 13,524 | 1,661 | | Total Liabilities & Stock Equity | 135,156 | 93,530 | 69,581 | 52,546 | 35,812 | | | |
