Yahoo is right. If you count the redeemable convertible preferred stock as equity, the ration is about 10 to 1.
sec.gov
CONSOLIDATED BALANCE SHEETS
(All Dollars in Thousands, Except Share and Per Share Data)
<TABLE>
<CAPTION>
September 30,
-------------------
2000 1999
--------- --------
<S> <C> <C>
Assets
Current assets:
Cash and cash equivalents............................... $ 363,877 $101,471
Short-term investments.................................. 9,948 --
Marketable securities................................... 4,685 9,941
Accounts receivable, net of allowance for doubtful
accounts of $4,072 and $707, respectively.............. 21,403 7,798
Inventories............................................. 38 1,282
Prepaid expenses and other current assets............... 4,403 2,649
Restricted cash......................................... 7,093 8,848
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Total current assets.................................. 411,447 131,989
Investments, restricted................................... 36,085 36,191
Property, plant and equipment, net........................ 248,424 122,653
Debt issuance costs, net of accumulated amortization of
$719 and $1,030, respectively............................ 20,217 5,583
Goodwill, net of accumulated amortization of $197 in
2000..................................................... 6,650 --
Other assets.............................................. 6,768 6,102
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Total assets.......................................... $ 729,591 $302,518
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Liabilities and Stockholders' (Deficit) Equity
Current liabilities:
Capital Lease and other obligations..................... $ 2,173 $ 2,088
Accounts payable........................................ 16,964 10,439
Accrued liabilities..................................... 13,669 9,579
Accrued interest........................................ 12,502 8,667
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Total current liabilities............................. 45,308 30,773
Capital Lease obligations, net of current portion......... 1,135 2,896
Mortgage Payable.......................................... 20,674 --
Senior Notes, net of unamortized discount of $1,891 in
1999..................................................... 600,000 158,109
Other long term liabilities............................... 4,462 4,335
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Total liabilities..................................... 671,579 196,113
Redeemable convertible preferred stock.................... 76,042 --
Stockholders' (Deficit) Equity:
Common stock, $.01 par value; 500,000,000 and 75,000,000
shares authorized; 37,307,315 and 33,300,020 shares
issued and outstanding, respectively..................... 373 333
Additional paid-in capital................................ 165,890 155,423
Accumulated other comprehensive income.................... 1,784 10,279
Accumulated deficit....................................... (186,077) (59,630)
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Total stockholders' (deficit) equity.................. (18,030) 106,405
--------- --------
Total liabilities and stockholders' (deficit) equity.... $ 729,591 $302,518
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