NetFlix 2007 Annual Report Download - page 56

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NETFLIX, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(in thousands, except share data)
Common Stock Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
Retained Earnings
(Accumulated
Deficit)
Total
Stockholders’
EquityShares Amount
Balances as of December 31, 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,732,025 $ 53 $288,150 $ (222) $(131,698) $156,283
Netincome ............................................................ — — — — 42,027 42,027
Reclassification adjustment for realized losses included in net income . . . . . . . . . . . . — — — 222 — 222
Comprehensiveincome ................................................... 42,249
Exerciseofoptions ...................................................... 1,629,115 2 10,117 — — 10,119
Issuance of common stock under employee stock purchase plan . . . . . . . . . . . . . . . . . . . 349,229 — 2,824 — — 2,824
Issuance of common stock upon exercise of warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,362 — 450 — — 450
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 14,327 — — 14,327
Balances as of December 31, 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,755,731 $ 55 $315,868 $ — $ (89,671) $226,252
Net income and comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — 49,082 49,082
Exerciseofoptions ...................................................... 1,379,012 2 8,372 — — 8,374
Issuance of common stock under employee stock purchase plan . . . . . . . . . . . . . . . . . . . 378,361 — 3,724 — — 3,724
Issuance of common stock upon exercise of warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,599,359 8 (8) — — —
Issuance of common stock, net of costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,500,000 4 100,862 — — 100,866
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 12,696 — — 12,696
Excess tax benefits from stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 13,217 — — 13,217
Balances as of December 31, 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68,612,463 $ 69 $454,731 $ — $ (40,589) $414,211
Netincome ............................................................ — — — — 66,952 66,952
Unrealized gains on available-for-sale securities, net of tax . . . . . . . . . . . . . . . . . . . . . — — — 1,611 — 1,611
Comprehensiveincome ................................................... — — — — — 68,563
Exerciseofoptions ...................................................... 828,824 — 5,823 — — 5,823
Issuance of common stock under employee stock purchase plan . . . . . . . . . . . . . . . . . . . 205,416 — 3,788 — — 3,788
Repurchases of common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,733,788) (4) (99,856) (99,860)
Stock-based compensation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 11,976 — — 11,976
Excess tax benefits from stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 26,248 — — 26,248
Balances as of December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,912,915 $ 65 $402,710 $1,611 $ 26,363 $430,749
See accompanying notes to consolidated financial statements.
F-5