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The Priceline Group Inc.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2015, 2014 and 2013
(In thousands)
Common Stock
Treasury Stock
Additional
Paid-in
Capital
Accumulated
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total Shares
Amount
Shares
Amount
Balance, December 31, 2012 58,056
$ 450
(8,185)
$(1,060,607)
$ 2,612,197
$ 2,368,611
$ (23,676)
$ 3,896,975
Net income applicable to common stockholders
1,892,663
1,892,663
Unrealized gain (loss) on marketable securities, net of tax benefit of $43
21
21
Foreign currency translation adjustments, net of tax benefit of $55,001
108,384
108,384
Redeemable noncontrolling interests fair value adjustments
(42,522)
(42,522)
Reclassification adjustment for convertible debt in mezzanine
46,122
46,122
Exercise of stock options and vesting of restricted stock units and
performance share units 715
6
91,601
91,607
Repurchase of common stock
(1,030)
(883,515)
(883,515)
Stock-based compensation and other stock-based payments
142,098
142,098
Issuance of senior convertible notes
93,402
93,402
Common stock issued in an acquisition 1,522
12
1,281,122
1,281,134
Vested stock options assumed in an acquisition
264,423
264,423
Conversion of debt 972
8
1,224
1,232
Settlement of conversion spread hedges
(42)
(43,085)
43,104
19
Excess tax benefits on stock-based awards
17,686
17,686
Balance, December 31, 2013 61,265
$ 476
(9,257)
$(1,987,207)
$ 4,592,979
$ 4,218,752
$ 84,729
$ 6,909,729
Net income applicable to common stockholders
2,421,753
2,421,753
Unrealized gain (loss) on marketable securities, net of tax benefit of $7,621
(157,275)
(157,275)
Foreign currency translation adjustment, net of tax of $55,597
(187,356)
(187,356)
Reclassification adjustment for convertible debt in mezzanine
8,204
8,204
Exercise of stock options and vesting of restricted stock units and
performance share units 256
2
16,389
16,391
Repurchase of common stock
(631)
(750,378)
(750,378)
Stock-based compensation and other stock-based payments
189,292
189,292
Conversion of debt 300
2
(1,658)
(1,656)
Issuance of senior convertible notes
80,873
80,873
Stock options and restricted stock units assumed in acquisitions
13,751
13,751
Excess tax benefits on stock-based awards
23,366
23,366
Balance, December 31, 2014 61,821
$ 480
(9,888)
$(2,737,585)
$ 4,923,196
$ 6,640,505
$ (259,902)
$ 8,566,694
Net income applicable to common stockholders
2,551,360
2,551,360
Unrealized gain (loss) on marketable securities, net of tax of $1,551
619,259
619,259
Foreign currency translation adjustment, net of tax of $60,418
(114,505)
(114,505)
Reclassification adjustment for convertible debt in mezzanine
329
329
Exercise of stock options and vesting of restricted stock units and
performance share units 219
2
20,849
20,851
Repurchase of common stock
(2,540)
(3,089,055)
(3,089,055)
Stock-based compensation and other stock-based payments
249,133
249,133
Conversion of debt
(110,105)
(110,105)
Excess tax benefits on stock-based awards
101,508
101,508
Balance, December 31, 2015 62,040
$ 482
(12,428)
$(5,826,640)
$ 5,184,910
$ 9,191,865
$ 244,852
$ 8,795,469
See Notes to Consolidated Financial Statements.
82