The financial position of Ziff Davis, Inc. and its subsidiaries as of September 30, 2013 is as follows (in thousands):



	September 30, 2013
ASSETS
Cash and cash equivalents	$	14,910
Accounts receivable	45,773
Prepaid expenses and other current assets	4,599
Deferred income taxes	3,197
Total current assets	68,479
Property and equipment, net	12,777
Trade names, net	50,620
Customer relationships, net	39,658
Goodwill	131,877
Other purchased intangibles, net	1,828
Deferred income taxes	—
Other assets	1,511
Total assets	$	306,750
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	$	30,268
Income taxes payable	1,578
Deferred revenue, current	2,294
Total current liabilities	34,140
Note payable	67,500
Interest payable	6,351
Deferred income taxes	30,550
Other long-term liabilities	16
Mandatorily redeemable financial instrument	199,611
Total liabilities	338,168
Commitments and contingencies	—
Common stock	—
Additional paid-in capital	(25,064		)
Retained earnings	(6,325		)
Accumulated other comprehensive income (loss)	(29		)
Total stockholders’ equity	(31,418		)
Total liabilities and stockholders’ equity	$	306,750

The results of operations of Ziff Davis, Inc. and its subsidiaries for the three and nine months ended September 30, 2013 is as follows (in thousands):



	Three Months Ended September 30,			Nine Months Ended September 30,
	2013			2013
Revenues	$	33,522		$	89,207

Cost of revenues	4,398			12,682
Gross profit	29,124			76,525
Operating expenses:
Sales and marketing	18,085			49,049
Research, development and engineering	943			4,401
General and administrative	9,225			26,713
Total operating expenses	28,253			80,163
Income (loss) from operations	871			(3,638		)
Interest and other income (expense), net	(2,911		)	(6,435		)
Loss before income taxes	(2,040		)	(10,073		)
Income tax expense (benefit)	1,624			(1,836		)
Net loss	$	(3,664	)	$	(8,237	)