-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jp6TPRXhgxpo2i1AC4SL9IVBEdY2sgczPrnVlo24Y2gqmR7PpTQoSNtGOlakS/4X I0DNNDKYl56tD5gdwAXPPg== 0000950123-09-049516.txt : 20091223 0000950123-09-049516.hdr.sgml : 20091223 20091009142223 ACCESSION NUMBER: 0000950123-09-049516 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ancestry.com Inc. CENTRAL INDEX KEY: 0001469433 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 261235962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 360 WEST 4800 NORTH CITY: PROVO STATE: UT ZIP: 84604 BUSINESS PHONE: 801-705-7000 MAIL ADDRESS: STREET 1: 360 WEST 4800 NORTH CITY: PROVO STATE: UT ZIP: 84604 CORRESP 1 filename1.htm corresp
[Letterhead of Gibson, Dunn & Crutcher LLP]
October 9, 2009


(415) 393-8322   C 36333-00002
(415) 374-8461
VIA EDGAR AND HAND DELIVERY
Mr. Mark P. Shuman
Branch Chief
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, N.E.
Mail Stop 4561
Washington, D.C. 20549-7010
     
Re:
  Ancestry.com Inc.
 
  Amendment No. 1 to Registration Statement on Form S-1
 
  Filed August 3, 2009
 
  File No. 333-160986
Dear Mr. Shuman:
     On behalf of Ancestry.com Inc. (the “Company”), this letter supplements the letter sent to you on October 6, 2009 that responds to your letter, dated October 2, 2009 (the “Comment Letter”), regarding the above-referenced Amendment no. 1 (“Amendment No. 1”) to Registration Statement on Form S-1 (the “Registration Statement”), filed on September 15, 2009. Please find attached to this letter Exhibit A, summary monthly income statements for the months ended November 2008 to February 2009, which is referenced on page six of the letter sent to you on October 6, 2009.

 

 

Mr. Mark P. Shuman
Securities and Exchange Commission
October 9, 2009
Page 2
     If you have any questions, please do not hesitate to call Barbara Becker at (212) 351-4062 or me at (415) 393-8322.
         
  Very truly yours,
 		  
  /s/ Stewart L. McDowell    
     
  Stewart L. McDowell   
 

 

 

Exhibit A
Ancestry.com Inc.
Income Statement
                                 
Unaudited   Nov ’08     Dec ’08     Jan ’09     Feb ’09  
Revenues:
                                
Subscription revenues
     15,932       16,013       16,145       16,491  
Production and other revenue
     1,423       1,624       1,470       1,266  
 
                        
Total revenue
     17,355       17,637       17,615       17,757  
 
                        
 
                                
Costs and operating expenses
                        
Cost of subscription revenue
     3,042       2,960       3,259       3,449  
Cost of product revenue
     759       652       498       441  
Technology and development
     2,815       3,923       2,870       3,119  
Marketing and advertising
     4,346       6,767       4,205       5,276  
General and administrative
     2,813       2,835       1,848       1,574  
Amortization of acquired intangible assets
     1,544       2,859       1,353       1,353  
Impairment of intangible assets
             1,475                  
 
                        
Total operating expenses
     15,319       21,471       14,033       15,212  
 
                        
 
                                
 
                        
Income (loss) from operations
     2,036       (3,834 )     3,582       2,545  
 
                        
 
                                
Other income/(expenses), net
     31       1       1       8  
Interest expenses
     (1,016 )     (930 )     (700 )     (537 )
Interest income
     61       104       41       33  
 
                                
 
                        
Income (loss) before tax
     1,112       (4,659 )     2,924       2,049  
 
                        
 
                                
Income tax provision
     1,006       (3,200 )     16       17  
 
                                
 
                        
Net income
     106       (1,459 )     2,908       2,032  
 
                        
Note: The statement of operations in accordance with GAAP is prepared on a quarterly basis, not on a monthly basis. There are certain adjustments that are required for GAAP, such as stock based compensation expenses and income tax provisions that are reviewed and recorded only in the last month of the quarter. Therefore the monthly statements many not be comparable with other months.

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