Ancestry.com on IPO Deck (ACOM) – 24/7 Wall St.: "The company first operated as The Generations Network, Inc. merged with Generations Holding, Inc. in connection with an investment by Spectrum Equity Investors V, L.P. and certain of its affiliates. this has the company listed as a predecessor and successor entity.
The total purchase price for the Spectrum investment was $354.8 million.
The total purchase price consisted of $249.1 million of cash, $95.7 million in value of previously owned stock of predecessor, $8.2 million of stock option fair value assumed by the successor and $1.8 million of transaction related expenses. Spectrum and certain of its affiliates currently hold approximately 67% of the outstanding shares of our common stock.
Revenues at Ancestry.com have increased from $122.6 million in 2004 to $197.6 million in 2008.
The books are consolidated now to reflect subscription revenues $133.616 million in the first 9-months of 2008 and $152.506 million in the first 9-months of 2009. Total revenues for the same periods were $145.158 million and $164.793 million in 2009. And for the same periods net income was listed as $3.5 million and $12.224 million in 2009.
From what we have seen occur in the subscription business in 2008 to 2009, the question is how much other revenues can be brought in just in case the subscriber revenues start to dry up. While a free service is unlikely to replace the billions of screened images it claims, it might become easier and easier to put off that family tree research project if the economy does not improve."