One of the interesting things about an SEC filing is that outsiders, for the first time, get a glimpse of a corporation's internal finances. It is interesting to me to note that Ancestry.com has nearly a million paying customers and each of those customers pays an average of $16.09 per month.
Here are some highlights of the company, from its S-1:
- almost one million paying subscribers around the world as of June 30, 2009.
- revenues have increased from $122.6 million in 2004 to $197.6 million in 2008, a CAGR of of 12.7 percent.
- has invested about $80 million to date in making the genealogy content available to subscribers, to acquire or license, digitize, index and publish additional records.
- Spectrum holds about 67 percent of the outstanding shares of its common stock
- For six month of 2009, it had revenues of $99.9 million with profits of $8.18 million, compared to $87.4 million revenues in first six month of 2008 and profits of $1.24 million.
- the potential introduction of the TV show “Who Do You Think You Are?” in U.S. in early 2010, following a similar show on BBC in 2006.
- Depending on the size of the offering, we may be required to use 25% of the net proceeds we receive to repay a portion of the amount outstanding under our credit facility (lenders include CIT Lending Services Corporation)
- This credit facility has a maturity date of December 5, 2012 and had an outstanding balance of approximately $117.1 million and an interest rate of approximately 4.1% as of June 30, 2009.
- Our average monthly revenue per subscriber was $16.09 in 2008.
- As of June 30, 2009, we had $62.5 million of total liquidity, comprised of $52.6 million in cash and cash equivalents and the ability to borrow $9.9 million under our revolving credit facility.
- On December 5, 2007, in connection with the Spectrum investment, the operating company entered into a credit facility with a syndicate of lenders consisting of a $140.0 million term loan and $10.0 million revolving commitment with a syndicate of lenders.