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Table of Contents
NetSpend Holdings, Inc.
Consolidated Statements of Changes in Stockholders' Equity
Years Ended December 31, 2008, 2009 and 2010
Series A Convertible
Preferred Stock
Class B
Common Stock
Common Stock
Treasury Stock
Accumulated
Other
Comprehensive
Loss
Retained
Earnings
(Accumulated
Deficit)
Additional
Paid-in
Capital
Total
Stockholders'
Equity
Shares
Amount
Shares
Amount
Shares
Amount
Shares
Amount
(in thousands of dollars, except share data)
Balances at
December 31,
2007
44,807,723
$
45
8,174,821
$
8
6,110,000
$
6
(400,000
)
$
(1,116
)
$
36,601
$
—
$
—
$
35,544
Repurchase of
treasury
stock
—
—
—
—
—
—
(
900,000
)
(3,177
)
—
—
—
(
3,177
)
Stock-based
compensation
—
—
—
—
—
—
—
—
2,473
—
—
2,473
Exercise of
options for
common
stock
—
—
1,022,965
1
—
—
—
—
1,226
—
—
1,227
Tax benefit
associated
with stock
options
—
—
—
—
—
—
—
—
37
—
—
37
Exercise of
warrants for
common
stock
—
—
23,846
—
—
—
—
—
37
—
—
37
Common
stock issued
for
acquisitions
—
—
16,992,555
17
10,043,137
10
—
—
93,822
—
—
93,849
Conversion of
shares at
acquisition
(44,807,723
)
(45
)
50,917,723
51
(6,110,000
)
(6
)
—
—
—
—
—
—
Dividends
declared
—
—
—
—
—
—
—
—
(
19,169
)
—
(
10,831
)
(30,000
)
Net loss
—
—
—
—
—
—
—
—
—
—
(
11,645
)
(11,645
)
Balances at
December 31,
2008
—
$
—
77,131,910
$
77
10,043,137
$
10
(1,300,000
)
$
(4,293
)
$
115,027
$
—
$
(
22,476
)
$
88,345
Repurchase of
treasury
stock
—
—
—
—
—
—
(
570,000
)
(1,411
)
—
—
—
(
1,411
)
Stock-based
compensation
—
—
—
—
—
—
—
—
4,484
—
—
4,484
Exercise of
options for
common
stock
—
—
66,283
—
—
—
—
—
125
—
—
125
Tax shortfall
associated
with stock
options
—
—
—
—
—
—
—
—
(
152
)
—
—
(
152
)
Vesting of
restricted
stock
—
—
—
—
201,472
—
—
—
—
—
—
—
Dividend
equivalents
paid
—
—
—
—
—
—
—
—
—
—
(
213
)
(213
)
Net income
—
—
—
—
—
—
—
—
—
—
18,174
18,174
Balances at
December 31,
2009
—
$
—
77,198,193
$
77
10,244,609
$
10
(1,870,000
)
$
(5,704
)
$
119,484
$
—
$
(
4,515
)
$
109,352
Repurchase of
treasury
stock
—
—
—
—
—
—
(
1,500,000
)
(5,670
)
—
—
—
(
5,670
)
Stock-based
compensation
—
—
—
—
—
—
—
—
7,268
—
—
7,268
Exercise of
options for
common
stock
—
—
1,000,215
1
—
—
—
—
850
—
—
851
Tax benefit
associated
with stock
options
—
—
—
—
—
—
—
—
1,520
—
—
1,520
Exercise of
warrants for
common
stock
—
—
609,587
1
—
—
—
—
82
—
—
83