Adjusted EBITDA is not a recognized term under generally accepted accounting principles, or GAAP, in the United States and may not be defined similarly by other companies. Adjusted EBITDA should not be considered an alternative to net income, as an indication of financial performance, or as an alternative to cash flow from operations as a measure of liquidity. There are limitations to using non-GAAP financial measures, including the difficulty associated with comparing companies that use similar performance measures whose calculations may differ from ours.

DigitalGlobe, Inc. Condensed Consolidated Balance Sheets (unaudited)
(in millions, except share and per share data)
ASSETS					December 31, 2009							June 30, 2010
CURRENT ASSETS:
Cash and cash equivalents					$	97.0						$	142.8
Restricted cash						7.3							7.7
Accounts receivable, net of allowance for doubtful accounts of $1.2 and $1.4, respectively						49.7							55.0
Prepaid and current assets						12.0							12.4
Income tax receivable						3.9							3.9
Deferred taxes						1.7							1.9
Total current assets						171.6							223.7
Property and equipment, net of accumulated depreciation of $361.1 and $420.6, respectively						891.0							856.8
Goodwill						8.7							8.7
Intangibles, net of accumulated amortization of $7.2 and $6.9, respectively						1.8							1.0
Aerial image library						5.4							3.1
Long-term restricted cash						16.7							15.4
Long-term deferred contract costs						36.2							47.0
Other assets, net						9.1							8.3
Total assets					$	1,140.5						$	1,164.0
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable					$	4.3						$	5.3
Accrued interest						6.2							6.2
Other accrued liabilities						17.9							21.5
Current portion of deferred revenue						32.8							37.0
Total current liabilities						61.2							70.0
Long-term accrued liability						-							7.0
Deferred revenue						239.6							232.5
Deferred lease incentive						5.4							5.0
Long-term debt						343.5							344.8
Long-term deferred tax liability						11.3							12.8
Total liabilities					$	661.0						$	672.1
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value; 24,000,000 shares authorized; no shares issued and outstanding at December 31, 2009 and June 30, 2010					$	-						$	-
Common stock; $0.001 par value; 250,000,000 shares authorized; 45,122,593 shares issued and outstanding at December 31, 2009 and 45,776,482 shares issued and outstanding at June 30, 2010						0.2							0.2
Treasury stock, at cost; 44,039 shares at December 31, 2009 and at June 30, 2010						(0.7	)						(0.7	)
Additional paid-in capital						496.0							506.4
Accumulated deficit						(16.0	)						(14.0	)
Total stockholders' equity						479.5							491.9
Total liabilities and stockholders' equity					$	1,140.5						$	1,164.0