SanDisk 2007 Annual Report Download - page 102

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SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Common
Stock
Shares
Common
Stock
Par Value
Capital in
Excess of
Par
Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income(Loss)
Deferred
Compensation
Total
Stockholders’
Equity
(In thousands)
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
Issuance of shares pursuant to equity plans. . . 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
Net income . . . . . . . . . . . . . . . . . . . . . . 198,896 198,896
Unrealized income on available for sale
securities . . . . . . . . . . . . . . . . . . . . . . 2,315 2,315
Unrealized loss on investments in foundries . . (227) (227)
Foreign currency translation . . . . . . . . . . . . 770 770
Comprehensive income . . . . . . . . . . . . . . . 201,754
Issuance of shares pursuant to equity plans. . . 4,861 5 87,049 87,054
Issuance of stock pursuant to employee stock
purchase plan. . . . . . . . . . . . . . . . . . . . 264 9,250 9,250
Issuance of restricted stock . . . . . . . . . . . . . 63 —
Income tax benefit from stock options
exercised . . . . . . . . . . . . . . . . . . . . . . 61,453 61,453
Share-based compensation expense and
reversal of deferred compensation . . . . . . . 96,415 7,475 103,890
Purchased calls . . . . . . . . . . . . . . . . . . . . (386,090) (386,090)
Sold Warrants . . . . . . . . . . . . . . . . . . . . . 308,672 308,672
Tax benefit on purchased calls . . . . . . . . . . 145,556 145,556
Issuance of stock and equity awards related to
acquisitions . . . . . . . . . . . . . . . . . . . . . 33,108 33 1,686,356 1,686,389
Reclass of premium on assumed msystems
convertible debt . . . . . . . . . . . . . . . . . . 26,415 26,415
Balance at December 31, 2006 . . . . . . . . . . 226,518 226 3,656,895 1,105,520 5,493 — 4,768,134
Net income . . . . . . . . . . . . . . . . . . . . . . 218,357 218,357
Unrealized income on available for sale
investments . . . . . . . . . . . . . . . . . . . . . 11,185 11,185
Foreign currency translation . . . . . . . . . . . . 15,797 15,797
Comprehensive income . . . . . . . . . . . . . . . 245,339
Issuance of shares pursuant to equity plans. . . 4,724 5 87,010 87,015
Issuance of stock pursuant to employee stock
purchase plan. . . . . . . . . . . . . . . . . . . . 386 — 13,296 13,296
Income tax benefit from stock options
exercised . . . . . . . . . . . . . . . . . . . . . . 18,442 18,442
Shared-based compensation expense . . . . . . . 132,647 132,647
Cumulative effect to prior year related to
unrecognized tax benefits upon adoption of
FIN 48 . . . . . . . . . . . . . . . . . . . . . . . . (4,756) (993) (5,749)
Share repurchases . . . . . . . . . . . . . . . . . . (7,461) (7) (106,785) (192,815) (299,607)
Consolidated venture capital contributions . . . 100 100
Balance at December 30, 2007 . . . . . . . . . . 224,167 $224 $3,796,849 $1,130,069 $ 32,475 $ — $4,959,617
The accompanying notes are an integral part of these consolidated financial statements.
F-6