Yahoo 2007 Annual Report Download - page 66

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Yahoo! Inc.
Consolidated Statements of Stockholders’ Equity
2005 2006 2007
Years Ended December 31,
(In thousands)
Common stock
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,416 $ 1,470 $ 1,493
Common stock issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 23 34
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,470 1,493 1,527
Additional paid-in capital
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,682,884 6,417,858 8,615,915
Common stock and stock-based awards issued and assumed . . . . . . . . . . . . 1,010,012 318,160 661,516
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 451,467 593,451
Adoption of SFAS 123R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (235,394) —
Change in deferred income tax asset valuation allowance . . . . . . . . . . . . . . (423,147) 236,044 —
Gain in connection with business contribution . . . . . . . . . . . . . . . . . . . . . . — 29,944 —
Tax benefits from stock-based awards. . . . . . . . . . . . . . . . . . . . . . . . . . . . 759,530 626,009 76,138
Structured stock repurchases, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (611,421) 767,295 —
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 4,532 (10,010)
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,417,858 8,615,915 9,937,010
Deferred stock-based compensation
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (28,541) (235,394) —
Common stock and stock-based awards issued and assumed . . . . . . . . . . . . (259,324) — —
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,471 — —
Adoption of SFAS 123R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 235,394 —
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (235,394) — —
Treasury stock
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (159,988) (547,723) (3,324,863)
Repurchases of common stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (387,735) (2,777,140) (1,835,909)
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (547,723) (3,324,863) (5,160,772)
Retained earnings
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,069,939 2,966,169 3,717,560
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,896,230 751,391 660,000
Adoption of FIN 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 46,304
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,966,169 3,717,560 4,423,864
Accumulated other comprehensive income (loss)
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 535,736 (35,965) 150,505
Net change in unrealized gains/losses on available-for-sale securities, net of
tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (491,532) 38,018 5,074
Foreign currency translation adjustment, net of tax . . . . . . . . . . . . . . . . . . (80,169) 148,452 175,623
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35,965) 150,505 331,202
Total stockholders’ equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,566,415 $ 9,160,610 $ 9,532,831
Comprehensive income
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,896,230 $ 751,391 $ 660,000
Other comprehensive (loss) income:
Unrealized gains/(losses) on available-for-sale securities, net of taxes of
$7,669, $(29,914), and $(8,131) for 2005, 2006, and 2007,
respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,510) 32,961 2,999
Reclassification adjustment for realized (gains)/losses included in net
income, net of taxes of $320,015, $(3,371), and $(1,384) for 2005,
2006, and 2007, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (480,022) 5,057 2,075
Net change in unrealized gains/(losses) on available-for-sale securities,
net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (491,532) 38,018 5,074
Foreign currency translation adjustment, net of tax . . . . . . . . . . . . . . . . . . (80,169) 148,452 175,623
Other comprehensive (loss) income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (571,701) 186,470 180,697
Comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,324,529 $ 937,861 $ 840,697
64