SanDisk 2013 Annual Report Download - page 173

SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF EQUITY
Common Accumulated
Common Stock Capital in Other Total Non-
Stock Par Excess of Retained Comprehensive Stockholders’ controlling Total
Shares Value Par Value Earnings Income (Loss) Equity Interests Equity
(In thousands)
Balance at January 2, 2011 ........ 236,502 $ 237 $ 4,709,506 $ 812,653 $ 260,228 $ 5,782,624 $ (3,229) $ 5,779,395
Net income .................. — — — 986,990 — 986,990 — 986,990
Other comprehensive income, net . . . . — — — — 72,473 72,473 — 72,473
Loss on non-controlling interest ..... — — — — — — (290) (290)
Issuance of shares pursuant to equity
plans .................... 5,519 6 122,391 — — 122,397 — 122,397
Issuance of shares pursuant to
employee stock purchase plan ..... 613 — 20,743 — — 20,743 — 20,743
Share-based compensation expense . . . — — 64,496 — — 64,496 — 64,496
Income tax benefit from share-based
plans .................... — — 20,517 — — 20,517 — 20,517
Convertible debt redemption ....... — — (1,844) — — (1,844) — (1,844)
Stock repurchases .............. (82) — (1,244) (2,794) — (4,038) — (4,038)
Balance at January 1, 2012 ........ 242,552 243 4,934,565 1,796,849 332,701 7,064,358 (3,519) 7,060,839
Net income .................. — — — 417,404 — 417,404 — 417,404
Other comprehensive loss, net ...... — — — — (167,580) (167,580) — (167,580)
Loss on non-controlling interest ..... — — — — — — (782) (782)
Issuance of shares pursuant to equity
plans .................... 3,846 4 63,312 — — 63,316 — 63,316
Issuance of shares pursuant to
employee stock purchase plan ..... 685 — 22,986 — — 22,986 — 22,986
Net cash received for stock repurchase
contracts .................. — — 2,675 — — 2,675 — 2,675
Share-based compensation expense . . . — — 79,132 — — 79,132 — 79,132
Income tax benefit from share-based
plans .................... — — 11,691 — — 11,691 — 11,691
Stock repurchases .............. (5,651) (6) (87,090) (142,985) — (230,081) — (230,081)
Balance at December 30, 2012 ...... 241,432 241 5,027,271 2,071,268 165,121 7,263,901 (4,301) 7,259,600
Net income .................. — — — 1,042,657 — 1,042,657 — 1,042,657
Other comprehensive loss, net ...... — — — — (241,580) (241,580) — (241,580)
Income from non-controlling interest . — — — — — — 2,207 2,207
Distribution to non-controlling
interests .................. — — — — — — (87) (87)
Issuance of shares pursuant to equity
plans .................... 7,934 8 241,316 — — 241,324 — 241,324
Issuance of shares pursuant to
employee stock purchase plan ..... 624 1 24,720 — — 24,721 — 24,721
Share-based compensation expense . . . — — 100,641 — — 100,641 — 100,641
Income tax benefit from share-based
plans .................... — — 583 — — 583 — 583
Dividends and dividend equivalent
rights declared .............. — — — (102,896) — (102,896) — (102,896)
Stock repurchases .............. (24,699) (25) (582,575) (1,006,940) — (1,589,540) — (1,589,540)
Equity value of debt issuance ...... — — 349,250 — — 349,250 — 349,250
Purchased convertible bond hedge, net — — (338,989) — — (338,989) — (338,989)
Sold warrants ................ — — 217,800 — — 217,800 — 217,800
Balance at December 29, 2013 ...... 225,291 $ 225 $ 5,040,017 $ 2,004,089 $ (76,459) $ 6,967,872 $ (2,181) $ 6,965,691
The accompanying notes are an integral part of these consolidated financial statements.
F-7
Annual Report