8x8 1999 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 1999 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 63

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63

8X8, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
NOTES ACCUMULATED
PREFERRED STOCK COMMON STOCK ADDITIONAL RECEIVABLE OTHER
------------------- ------------------- PAID-IN FROM DEFERRED COMPREHENSIVE
SHARES AMOUNT SHARES AMOUNT CAPITAL STOCKHOLDERS COMPENSATION LOSS
---------- ------ ---------- ------ ----------- ------------ ------------ -------------
Balance at March 31,
1996................... 3,041,820 $ 3 4,782,021 $ 5 $11,155 $ -- $ -- $ --
Issuance of common stock
upon exercise of
options................ -- -- 2,188,265 2 1,095 (1,078) -- --
Issuance of common
stock.................. -- -- 20,000 -- 10 -- -- --
Issuance of Series D
convertible
noncumulative preferred
stock.................. 684,553 1 -- -- 3,764 -- -- --
Deferred compensation
related to stock
options................ -- -- -- -- 7,267 -- (2,781) --
Net and total
comprehensive loss..... -- -- -- -- -- -- -- --
---------- --- ---------- --- ------- ------- ------- -----
Balance at March 31,
1997................... 3,726,373 4 6,990,286 7 23,291 (1,078) (2,781) --
Issuance of common stock
upon initial public
offering, net of
issuance costs of
$2,231................. -- -- 4,140,000 4 24,675 -- -- --
Issuance of common stock
upon exercise of
options and purchases
under the employee
stock purchase plan.... -- -- 483,593 -- 597 -- -- --
Conversion of
convertible
noncumulative preferred
stock to common stock.. (3,726,373) (4) 3,726,373 4 -- -- -- --
Issuance of warrant..... -- -- -- -- 17 -- -- --
Repayment of notes
receivable from
stockholders........... -- -- -- -- -- 162 -- --
Repurchase of unvested
common stock........... -- -- (46,638) -- (23) 23 -- --
Deferred compensation
related to stock
options................ -- -- -- -- (772) -- 2,037 --
Unrealized loss on
investments............ -- -- -- -- -- -- -- (45)
Net income.............. -- -- -- -- -- -- -- --
Total comprehensive
income................. -- -- -- -- -- -- -- --
---------- --- ---------- --- ------- ------- ------- -----
Balance at March 31,
1998................... -- -- 15,293,614 15 47,785 (893) (744) (45)
Issuance of common stock
upon exercise of
options and purchases
under the employee
stock purchase plan.... -- -- 389,823 -- 838 -- -- --
Repayment of notes
receivable from
stockholders........... -- -- -- -- -- 498 -- --
Repurchase of unvested
common stock........... -- -- (257,685) -- (129) 129 -- --
Deferred compensation
related to stock
options................ -- -- -- -- (131) -- 547 --
Unrealized loss on
investments............ -- -- -- -- -- -- -- (148)
Net loss................ -- -- -- -- -- -- -- --
Total comprehensive
loss................... -- -- -- -- -- -- -- --
---------- --- ---------- --- ------- ------- ------- -----
Balance at March 31,
1999................... -- $-- 15,425,752 $15 $48,363 $ (266) $ (197) $(193)
========== === ========== === ======= ======= ======= =====
RETAINED
EARNINGS
(ACCUMULATED
DEFICIT) TOTAL
------------ --------
Balance at March 31,
1996................... $ 211 $ 11,374