Yahoo 2006 Annual Report Download - page 71

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Yahoo! Inc.
Consolidated Statements of Stockholders’ Equity
2004 2005 2006
Years Ended December 31,
(In thousands)
Common stock
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,354 $ 1,416 $ 1,470
Common stock issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 54 23
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,416 1,470 1,493
Additional paid-in capital
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,340,514 5,682,884 6,417,858
Common stock and stock-based awards issued and assumed. . . . . . . . . . . . . 667,212 1,010,012 318,160
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 451,467
Adoption of SFAS 123R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (235,394)
Change in deferred income tax asset valuation allowance. . . . . . . . . . . . . . . 335,740 (423,147) 236,044
Gain in connection with business contribution . . . . . . . . . . . . . . . . . . . . . . — — 29,944
Tax benefits from stock-based awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . 408,976 759,530 630,541
Structured stock repurchases, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (69,558) (611,421) 767,295
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,682,884 6,417,858 8,615,915
Deferred stock-based compensation
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (52,374) (28,541) (235,394)
Common stock and stock-based awards issued and assumed. . . . . . . . . . . . . (8,457) (259,324) —
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,290 52,471 —
Adoption of SFAS 123R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 235,394
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (28,541) (235,394) —
Treasury stock
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (159,988) (159,988) (547,723)
Repurchases of common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (387,735) (2,777,140)
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (159,988) (547,723) (3,324,863)
Retained earnings
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 230,386 1,069,939 2,966,169
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 839,553 1,896,230 751,391
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,069,939 2,966,169 3,717,560
Accumulated other comprehensive income (loss)
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,598 535,736 (35,965)
Net change in unrealized gains/losses on available-for-sale securities, net of
tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 471,425 (491,532) 38,018
Foreign currency translation adjustment, net of tax . . . . . . . . . . . . . . . . . . . 60,713 (80,169) 148,452
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 535,736 (35,965) 150,505
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,101,446 $8,566,415 $ 9,160,610
Comprehensive income
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 839,553 $1,896,230 $ 751,391
Other comprehensive income (loss):
Unrealized gains/(losses) on available-for-sale securities, net of taxes of
$(315,001), $7,669 and $(29,914) for 2004, 2005, and 2006,
respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 472,532 (11,510) 32,961
Reclassification adjustment for realized (gains)/losses included in net
income, net of taxes of $738, $320,015, and $(3,371) for 2004, 2005,
and 2006, respectively. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,107) (480,022) 5,057
Net change in unrealized (gains)/losses on available-for-sale securities, net
of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 471,425 (491,532) 38,018
Foreign currency translation adjustment, net of tax . . . . . . . . . . . . . . . . . . . 60,713 (80,169) 148,452
Other comprehensive income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 532,138 (571,701) 186,470
Comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,371,691 $1,324,529 $ 937,861
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