Yahoo 2014 Annual Report Download - page 92

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Yahoo! Inc.
Consolidated Statements of Stockholders’ Equity
Years Ended December 31,
2012 2013 2014
(in thousands)
Common stock
Balance, beginning of year
$ 1,242 $ 1,187 $ 1,015
Common stock issued
24 26 24
Common stock retired
(79) (198) (94)
Balance, end of year
1,187 1,015 945
Additional paid-in capital
Balance, beginning of year
9,825,899 9,563,348 8,688,304
Common stock and stock-based awards issued
218,349 353,241 303,816
Stock-based compensation expense
244,653 294,408 432,614
Tax (detriments) benefits from stock-based awards
(31,440) 49,061 145,711
Tax withholdings related to net share settlements of restricted
stock awards
(60,939) (139,815) (280,879)
Retirement of treasury stock
(630,639) (1,620,704) (794,596)
Equity component of convertible senior notes, net
— 268,084 —
Purchase of note hedges
— (205,706) —
Issuance of warrants
— 124,775 —
Other
(2,535) 1,612 1,713
Balance, end of year
9,563,348 8,688,304 8,496,683
Treasury stock
Balance, beginning of year
(416,237) (1,368,043) (200,228)
Repurchases of common stock
(2,167,841) (3,344,396) (2,426,247)
Accelerated share repurchases
— — (1,732,794)
Retirement of treasury stock
1,216,035 4,512,211 3,646,814
Balance, end of year
(1,368,043) (200,228) (712,455)
Retained earnings
Balance, beginning of year
2,432,294 5,792,459 4,267,429
Net income attributable to Yahoo! Inc.
3,945,479 1,366,281 7,521,731
Retirement of treasury stock
(585,314) (2,891,311) (2,852,124)
Balance, end of year
5,792,459 4,267,429 8,937,036
Accumulated other comprehensive income
Balance, beginning of year
697,869 571,249 318,389
Net change in unrealized gains on available-for-sale securities,
net of tax
16,659 5,980 22,069,855
Net change in unrealized gains on cash flow hedges, net of tax
— 1,412 445
Foreign currency translation adjustments, net of tax
(143,279) (260,252) (369,061)
Balance, end of year
571,249 318,389 22,019,628
Total Yahoo! Inc. stockholders’ equity
$14,560,200 $13,074,909 $38,741,837
The accompanying notes are an integral part of these consolidated financial statements.
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