Yahoo 2008 Annual Report Download - page 66

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Yahoo! Inc.
Consolidated Statements of Stockholders’ Equity
Years Ended December 31,
2006 2007 2008
(In thousands)
Common stock
Balance, beginning of year .......................................... $ 1,470 $ 1,493 $ 1,527
Common stock issued .............................................. 23 34 68
Balance, end of year ............................................... 1,493 1,527 1,595
Additional paid-in capital
Balance, beginning of year .......................................... 6,417,858 8,615,915 9,937,010
Common stock and stock-based awards issued and assumed ................ 318,080 665,695 363,322
Stock-based compensation expense ................................... 451,467 593,451 434,639
Adoption of SFAS 123R ............................................ (235,394) — —
Change in deferred income tax asset valuation allowance .................. 236,044 — —
Gain in connection with business contribution ........................... 29,944 — —
Tax benefits from stock-based awards ................................. 626,009 76,138 117,716
Tax withholdings related to net share settlements of restricted stock units ..... — (4,466) (49,276)
Structured stock repurchases, net ..................................... 767,295 — —
Debt conversions .................................................. 80 287 749,516
Other ........................................................... 4,532 (10,010) (4,534)
Balance, end of year ............................................... 8,615,915 9,937,010 11,548,393
Treasury stock
Balance, beginning of year .......................................... (547,723) (3,324,863) (5,160,772)
Repurchases of common stock ....................................... (2,777,140) (1,833,920) (79,236)
Tax withholdings related to net share settlements of restricted stock awards . . . — (1,989) (27,476)
Balance, end of year ............................................... (3,324,863) (5,160,772) (5,267,484)
Retained earnings
Balance, beginning of year .......................................... 2,966,169 3,717,560 4,423,864
Net income ...................................................... 751,391 660,000 424,298
Adoption of FIN 48 ................................................ — 46,304 —
Balance, end of year ............................................... 3,717,560 4,423,864 4,848,162
Accumulated other comprehensive income
Balance, beginning of year .......................................... (35,965) 150,505 331,202
Net change in unrealized gains/losses on available-for-sale securities, net of
tax ........................................................... 38,018 5,074 (20,017)
Foreign currency translation adjustment, net of tax ....................... 148,452 175,623 (190,909)
Balance, end of year ............................................... 150,505 331,202 120,276
Total stockholders’ equity............................................... $9,160,610 $ 9,532,831 $11,250,942
Comprehensive income
Net income ...................................................... $ 751,391 $ 660,000 $ 424,298
Other comprehensive income (loss):
Unrealized gains/(losses) on available-for-sale securities, net of taxes of
$(29,914), $(8,131), and $18,736 for 2006, 2007, and 2008,
respectively ................................................ 32,961 2,999 (21,195)
Reclassification adjustment for realized losses included in net income, net
of taxes of $(3,371), $(1,384), and $(785) for 2006, 2007, and 2008,
respectively ................................................ 5,057 2,075 1,178
Net change in unrealized gains/(losses) on available-for-sale securities, net
oftax ..................................................... 38,018 5,074 (20,017)
Foreign currency translation adjustment, net of tax ....................... 148,452 175,623 (190,909)
Other comprehensive income (loss) ................................... 186,470 180,697 (210,926)
Comprehensive income ................................................. $ 937,861 $ 840,697 $ 213,372
The accompanying notes are an integral part of these consolidated financial statements.
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