Yahoo 2004 Annual Report Download - page 61

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Consolidated Statements of Stockholders’ Equity YAHOO! INC.
(in thousands)
Years Ended December 31,
2002 2003 2004
Common Stock
Balance, beginning of year $ 1,162 $ 1,222 $ 1,354
Common stock issued 60 132 62
Balance, end of year 1,222 1,354 1,416
Additional paid-in capital
Balance, beginning of year 2,070,084 2,431,903 4,340,514
Common stock issued and stock options assumed 307,171 1,791,760 667,212
Tax benefits from stock options 54,648 116,851 744,716
Structured stock repurchases, net – – (69,558)
Balance, end of year 2,431,903 4,340,514 5,682,884
Deferred stock-based compensation
Balance, beginning of year (3,255) (2,292) (52,374)
Common stock issued and stock options assumed (7,439) (72,111) (8,457)
Stock compensation expense 8,402 22,029 32,290
Balance, end of year (2,292) (52,374) (28,541)
Treasury stock
Balance, beginning of year (59,988) (159,988) (159,988)
Repurchase of common stock (100,000) – –
Balance, end of year (159,988) (159,988) (159,988)
Retained earnings (accumulated deficit)
Balance, beginning of year (50,308) (7,493) 230,386
Net income 42,815 237,879 839,553
Balance, end of year (7,493) 230,386 1,069,939
Accumulated other comprehensive income
Balance, beginning of year 9,322 (1,082) 3,598
Net unrealized gains (losses) on available-for-sale securities, net of tax (8,636) (6,705) 471,425
Foreign currency translation adjustment (1,768) 11,385 60,713
Balance, end of year (1,082) 3,598 535,736
Total stockholders’ equity $2,262,270 $4,363,490 $7,101,446
Comprehensive income
Net income $ 42,815 $ 237,879 $ 839,553
Other comprehensive income:
Net unrealized gains (losses) on available-for-sale securities before tax (14,396) (11,151) 785,688
Tax impact of net unrealized gains (losses) 5,760 4,446 (314,263)
Net unrealized gains (losses) on available-for-sale securities, net of tax (8,636) (6,705) 471,425
Foreign currency translation adjustment (1,768) 11,385 60,713
Comprehensive income $ 32,411 $ 242,559 $1,371,691
Number of Shares
Common Stock
Balance, beginning of year 1,151,040 1,189,720 1,321,408
Common stock issued 60,828 131,688 62,176
Repurchase of common stock (22,148) – –
Balance, end of year 1,189,720 1,321,408 1,383,584
The accompanying notes are an integral part of these consolidated financial statements.
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