eBay 1999 Annual Report Download - page 55

eBAY INC.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(in thousands)
Convertible
Preferred
Stock Common Stock Additional
Paid-in
Capital
Notes
Receivable
from
Shareholders
Unearned
Com-
pensation
Other
Compre-
hensive
Income Retained Earnings
Total
Stockholders’
EquityShares Par Shares Par
Balance at December 31, 1996 ...... 1,676 $ 4 63,315 $ 63 $ 965 $ (68) $ — $ — $ 5,636 $ 6,600
Accretion of Mandatorily Redeemable
Convertible Preferred Stock ....... — — — — — — — — (46) (46)
Unearned compensation ........... — — — — 1,424 — (1,424) — — —
Amortization of unearned
compensation ................. — — — — — — 25 — — 25
Contributions from partners ......... — — — — 150 — — — 488 638
Distributions to partners ........... — — — — — — — — (4,556) (4,556)
Net income ..................... — — — — — — — — 7,061 7,061
Balance at December 31, 1997 ...... 1,676 4 63,315 63 2,539 (68) (1,399) — 8,583 9,722
Accretion of Mandatorily Redeemable
Convertible Preferred Stock ....... — — — — — — — — (46) (46)
Unearned compensation ........... — — — — 5,831 — (5,831) — — —
Amortization of unearned
compensation ................. — — — — — — 3,091 — — 3,091
Issuance of Common Stock for cash
and notes .................... — — 19,290 20 4,685 (1,378) — — — 3,327
Issuance of Common Stock for
acquisition ................... — — 428 — 2,000 — — — — 2,000
Contribution of Common Stock to
charitable foundation ............ — — 322 — 1,215 — — — — 1,215
Issuance of Common Stock for cash,
net of offering expenses of $6,168 . . — — 12,043 12 66,076 — — — — 66,088
Conversion of Preferred Stock to
Common Stock ................ (1,676) (4) 27,827 28 5,133 — — — — 5,157
Note repayments ................. — — — — — 316 — — — 316
Contributions from partners ......... — — — — 300 — — — 5,323 5,623
Distributions to partners ........... — — — — — — — — (3,228) (3,228)
Net income ..................... — — — — — — — — 7,273 7,273
Balance at December 31, 1998 ...... — — 123,225 123 87,779 (1,130) (4,139) — 17,905 100,538
Unearned compensation ........... — — — — 5,318 — (5,318) — — —
Amortization of unearned
compensation ................. — — — — — — 4,681 — — 4,681
Issuance of Common Stock for cash . . — — 1,954 2 8,354 — — — — 8,356
Issuance of Common Stock for
acquisitions ................... — — 500 1 6,943 — — — — 6,944
Issuance of Common Stock for cash in
follow-on offering, net of offering
expenses of $1,000 ............. — — 4,250 4 696,208 — — — — 696,212
Distributions to partners ........... — — — — — — — — (1,105) (1,105)
Note repayments ................. — — — — — 1,066 — — — 1,066
Cancellation or repurchase of shares
and options ................... — — (147) — (1,397) 53 1,340 — — (4)
Unrealized gain on investments, net of
tax provision .................. — — — — — — — 5,152 — 5,152
Tax benefit related to acquisitions .... — — — — 8,753 — — — — 8,753
Foreign currency translation
adjustment, net of tax provision .... — — — — — — — (58) — (58)
Benefit from operating loss on tax
basis ........................ — — — — 11,104 — — — — 11,104
Issuance of warrants for services ..... — — — — 688 — (688) — — —
Net income ..................... — — — — — — — — 10,828 10,828
Balance at December 31, 1999 ...... — $— 129,782 $130 $823,750 $ (11) $(4,124) $5,094 $27,628 $852,467
The accompanying notes are an integral part of these consolidated financial statements.
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