SanDisk 2010 Annual Report Download - page 192

SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF EQUITY
Common
Stock
Shares
Common
Stock
Par Value
Capital in
Excess of
Par Value
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income
Total
Stock-
holders’
Equity
Non-
controlling
Interests
Total
Equity
(In thousands)
Balance at December 30, 2007 ........... 224,167 $ 224 $ 4,038,712 $ 1,083,825 $ 32,475 $ 5,155,236 $ 1,067 $ 5,156,303
Net loss ............................. — — — (1,986,624) — (1,986,624) — (1,986,624)
Unrealized loss on available-for-sale
investments ........................ — — — — (12,444) (12,444) — (12,444)
Foreign currency translation ............. — — — — 77,368 77,368 — 77,368
Unrealized gain on hedging activities ...... — — — — 91,578 91,578 — 91,578
Comprehensive loss ................... (1,830,122) — (1,830,122)
Distribution to non-controlling interests .... — — — — — — (916) (916)
Issuance of shares pursuant to equity
plans ............................. 1,005 1 5,397 — — 5,398 — 5,398
Issuance of stock pursuant to employee
stock purchase plan .................. 956 1 14,302 — — 14,303 — 14,303
Income tax charge from stock options
exercised .......................... — — (3,945) — — (3,945) — (3,945)
Share-based compensation expense ....... — — 98,719 — — 98,719 — 98,719
Change in unrecognized tax benefits as a
result of settlement and expiration of
statute of limitations ................. — — 981 — — 981 — 981
Balance at December 28, 2008 ........... 226,128 226 4,154,166 (902,799) 188,977 3,440,570 151 3,440,721
Net income .......................... — — — 415,310 — 415,310 — 415,310
Unrealized gain on available-for-sale
investments ........................ — — — — 33,739 33,739 — 33,739
Foreign currency translation ............. — — — — (2,762) (2,762) — (2,762)
Unrealized loss on hedging activities ...... — — — — (91,241) (91,241) — (91,241)
Comprehensive income ................ 355,046 — 355,046
Loss on non-controlling interest .......... — — — — — — (2,040) (2,040)
Issuance of shares pursuant to equity
plans ............................. 1,370 2 9,712 — — 9,714 — 9,714
Issuance of stock pursuant to employee
stock purchase plan .................. 1,159 1 11,163 — — 11,164 — 11,164
Share-based compensation expense ....... — — 93,804 — — 93,804 — 93,804
Balance at January 3, 2010 .............. 228,657 229 4,268,845 (487,489) 128,713 3,910,298 (1,889) 3,908,409
Net income .......................... — — — 1,300,142 1,300,142 — 1,300,142
Unrealized loss on available-for-sale
investments ........................ — — — — (9,687) (9,687) — (9,687)
Foreign currency translation ............. — — — — 132,831 132,831 — 132,831
Unrealized gain on hedging activities ...... — — — — 8,371 8,371 — 8,371
Comprehensive income ................ 1,431,657 — 1,431,657
Loss on non-controlling interest .......... — — — — — — (1,340) (1,340)
Issuance of shares pursuant to equity
plans ............................. 6,879 7 134,191 — — 134,198 — 134,198
Issuance of stock pursuant to employee
stock purchase plan .................. 966 1 18,644 — — 18,645 — 18,645
Share-based compensation expense ....... — — 75,682 — — 75,682 — 75,682
Income tax benefit from stock options
exercised .......................... — — 26,810 — — 26,810 — 26,810
Equity value of debt issuance ............ — — 288,460 — — 288,460 — 288,460
Purchased convertible bond hedge, net .... — — (291,226) — — (291,226) — (291,226)
Sold warrants ........................ — — 188,100 — — 188,100 — 188,100
Balance at January 2, 2011 .............. 236,502 $ 237 $ 4,709,506 $ 812,653 $ 260,228 $ 5,782,624 $ (3,229) $ 5,779,395
The accompanying notes are an integral part of these consolidated financial statements
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