NetFlix 2011 Annual Report Download - page 52

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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
Treasury
Stock
Accumulated
Other
Comprehensive
Income
Retained
Earnings
Total
Stockholders’
Equity
Shares Amount
Balances as of December 31, 2008 .............................................. 58,862,478 $ 62 $ 338,577 $(100,020) $ 84 $ 108,452 $ 347,155
Net income ............................................................... — — — — — 115,860 115,860
Unrealized gains on available-for-sale ........................................
securities, net of taxes .................................................... — — — — 189 — 189
Comprehensive income, net of taxes ........................................... — — — — — — 116,049
Issuance of common stock upon exercise of options ............................... 1,724,110 1 29,508 — — — 29,509
Issuance of common stock under employee stock purchase plan ..................... 224,799 — 5,765 — — — 5,765
Repurchases of common stock and retirement of outstanding treasury stock ............ (7,371,314) (10) (398,850) 100,020 — (25,495) (324,335)
Stock-based compensation expense ............................................ — — 12,618 — — — 12,618
Excess stock option income tax benefits ........................................ — — 12,382 — — — 12,382
Balances as of December 31, 2009 .............................................. 53,440,073 $ 53 $ — $ — $273 $ 198,817 $ 199,143
Net income ............................................................... — — — — — 160,853 160,853
Unrealized gains on available-for-sale securities, net of taxes ..................... — — — — 477 — 477
Comprehensive income, net of taxes ........................................... — — — — — — 161,330
Issuance of common stock upon exercise of options ............................... 1,902,073 2 47,080 — — — 47,082
Issuance of common stock under employee stock purchase plan ..................... 46,112 — 2,694 — — — 2,694
Repurchases of common stock ............................................... (2,606,309) (2) (88,326) — — (121,931) (210,259)
Stock-based compensation expense ............................................ — — 27,996 — — — 27,996
Excess stock option income tax benefits ........................................ — — 62,178 — — — 62,178
Balances as of December 31, 2010 .............................................. 52,781,949 $ 53 $ 51,622 $ — $750 $ 237,739 $ 290,164
Net income ............................................................... — — — — — 226,126 226,126
Unrealized losses on available-for-sale securities, net of taxes ..................... — — — — (68) — (68)
Cumulative translation adjustment .......................................... 24 24
Comprehensive income, net of taxes ........................................... — — — — — — 226,082
Issuance of common stock upon exercise of options ............................... 659,370 — 19,614 — — — 19,614
Issuance of common stock, net of costs ......................................... 2,857,143 3 199,483 — — — 199,486
Repurchases of common stock ............................................... (899,847) (1) (158,730) — — (40,935) (199,666)
Stock-based compensation expense ............................................ — — 61,582 — — — 61,582
Excess stock option income tax benefits ........................................ — — 45,548 — — — 45,548
Balances as of December 31, 2011 .............................................. 55,398,615 $ 55 $ 219,119 $ — $706 $ 422,930 $ 642,810
See accompanying notes to consolidated financial statements.
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