SanDisk 2005 Annual Report Download - page 125

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SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Common
Stock
Shares
Common
Stock
Amount
Capital in
Excess of Par
Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income(Loss)
Deferred
Compensation
Total
Stockholders’
Equity
(In thousands)
Balance at December 29, 2002 . . . . . . . . . 138,310 $138 $ 585,830 $ 84,765 $(35,866) $ — $ 634,867
Net income . . . . . . . . . . . . . . . . . . . . . . . 168,859 168,859
Unrealized loss on available for sale
securities . . . . . . . . . . . . . . . . . . . . . . . (622) (622)
Unrealized gain on investments in
foundries . . . . . . . . . . . . . . . . . . . . . . . 82,741 82,741
Foreign currency translation . . . . . . . . . . . 8,037 8,037
Comprehensive income . . . . . . . . . . . . . . 259,015
Exercise of stock options for cash . . . . . . . 5,472 5 51,594 51,599
Issuance of stock pursuant to employee
stock purchase plan . . . . . . . . . . . . . . . 608 1 3,694 3,695
Sale of common stock, net of issuance
costs . . . . . . . . . . . . . . . . . . . . . . . . . . 16,524 16 521,592 521,608
Income tax benefit from stock options
exercised . . . . . . . . . . . . . . . . . . . . . . . 45,088 45,088
Balance at December 28, 2003 . . . . . . . . . 160,914 160 1,207,798 253,624 54,290 — 1,515,872
Net income . . . . . . . . . . . . . . . . . . . . . . . 266,616 266,616
Unrealized loss on available for sale
securities . . . . . . . . . . . . . . . . . . . . . . . (2,765) (2,765)
Unrealized loss on investments in
foundries . . . . . . . . . . . . . . . . . . . . . . . (38,216) (38,216)
Foreign currency translation . . . . . . . . . . . 5,584 5,584
Comprehensive income . . . . . . . . . . . . . . 231,219
Exercise of stock options for cash . . . . . . . 2,301 3 19,004 19,007
Issuance of stock pursuant to employee
stock purchase plan . . . . . . . . . . . . . . . 261 1 5,640 5,641
Deferred compensation . . . . . . . . . . . . . . . 212 6,061 (6,061) —
Amortization of deferred compensation . . . 525 525
Debt conversion . . . . . . . . . . . . . . . . . . . 16,276 16 149,984 150,000
Income tax benefit from stock options
exercised . . . . . . . . . . . . . . . . . . . . . . . 17,886 17,886
Balance at January 2, 2005 . . . . . . . . . . . . 179,964 180 1,406,373 520,240 18,893 (5,536) 1,940,150
Net income . . . . . . . . . . . . . . . . . . . . . . . 386,384 386,384
Unrealized loss on available for sale
securities . . . . . . . . . . . . . . . . . . . . . . . (1,901) (1,901)
Unrealized loss on investments in
foundries . . . . . . . . . . . . . . . . . . . . . . . (840) (840)
Foreign currency translation . . . . . . . . . . . (13,517) (13,517)
Comprehensive income . . . . . . . . . . . . . . 370,126
Exercise of stock options for cash . . . . . . . 7,937 8 108,686 108,694
Issuance of stock pursuant to employee
stock purchase plan . . . . . . . . . . . . . . . 321 6,704 6,704
Deferred compensation . . . . . . . . . . . . . . . 4,438 (4,438) —
Amortization of deferred compensation . . . 2,499 2,499
Income tax benefit from stock options
exercised . . . . . . . . . . . . . . . . . . . . . . . 95,618 95,618
Balance at January 1, 2006 . . . . . . . . . . . . 188,222 $188 $1,621,819 $906,624 $ 2,635 $(7,475) $2,523,791
The accompanying notes are an integral part of these consolidated financial statements.
F-6