Shutterfly 2007 Annual Report Download - page 55
Download and view the complete annual report
Please find page 55 of the 2007 Shutterfly annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
 |
 |
Table of Contents
SHUTTERFLY, INC.
CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND
STOCKHOLDERS’ EQUITY (DEFICIT)
(In thousands)
50
Accumulated
Total
Redeemable Convertible
Additional
Deferred
Accu
-
Other
Stockholders
’
Preferred Stock
Common Stock
Paid
-
In
Stock
-
Based
mulated
Comprehensive
Equity
Shares
Amount
Shares
Amount
Capital
Compensation
Deficit
Loss
(Deficit)
Balances, December 31, 2003
12,198
$
69,668
1,902
$
—
$
3,844
$
(398
)
$
(68,779
)
$
—
$
(
65,333
)
Issuance of common stock upon exercise of options, net of
repurchases
—
—
925
—
217
—
—
—
217
Issuance of convertible preferred stock upon exercise of
warrants
250
154
—
—
—
—
—
—
—
Deferred stock
-
based compensation, net of cancellations
—
—
—
—
3,444
(3,444
)
—
—
—
Amortization of deferred stock-based compensation, net of
cancellations
—
—
—
—
—
858
—
—
858
Stock-based compensation expense in connection with
option modifications
—
—
—
—
—
981
—
—
981
Comprehensive income:
Net income
—
—
—
—
—
—
3,709
—
3,709
Total comprehensive income
—
—
—
—
—
—
—
—
3,709
Balances, December 31, 2004
12,448
$
69,822
2,827
$
—
$
7,505
$
(2,003
)
$
(65,070
)
$
—
$
(
59,568
)
Issuance of common stock upon exercise of options, net of
repurchases
—
—
750
—
205
—
—
—
205
Issuance of Series F preferred stock, net of issuance cost of
$131
1,354
19,830
—
—
—
—
—
—
—
Stock-based compensation expense in connection with
option modifications
—
—
—
—
—
1,100
—
—
—
1,100
Shares issued in connection with a settlement agreement
with a former employee
—
—
65
—
352
—
—
—
352
Vested shares issued upon acquisition
—
—
109
—
656
—
—
—
656
Restricted shares issued upon acquisition
—
—
—
—
671
(671
)
—
—
—
Vesting of restricted shares
—
—
39
—
—
500
—
—
500
Deferred stock
-
based compensation, net of cancellations
—
—
—
—
2,261
(2,261
)
—
—
—
Tax benefit of stock options
—
—
—
—
365
—
—
—
365
Amortization of deferred stock-based compensation, net of
cancellations
—
—
—
—
—
1,710
—
—
1,710
Reclassification of preferred stock warrants to liability
—
—
—
—
(
1,514
)
—
—
—
(
1,514
)
Comprehensive income:
Net income
—
—
—
—
—
—
28,932
—
28,932
Total comprehensive income
—
—
—
—
—
—
—
—
28,932
Balances, December 31, 2005
13,802
$
89,652
3,790
$
—
$
10,501
$
(1,625
)
$
(36,138
)
$
—
$
(
27,262
)