Shutterfly 2008 Annual Report Download - page 48
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SHUTTERFLY, INC.
CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND
STOCKHOLDERS’ EQUITY (DEFICIT) (Continued)
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.
Redeemable
Accumulated
Convertible
Additional
Deferred
Other
Total
Preferred Stock
Common Stock
Paid
-
In
Stock
-
Based
Accumulated
Comprehensive
Stockholders
’
Shares
Amount
Shares
Amount
Capital
Compensation
Deficit
Loss
Equity (Deficit)
Balances, December 31, 2005
13,802
$89,652
3,790
$
—
$
10,501
$(1,625)
$(36,138)
$
—
$(
27,262)
Issuance of common stock upon
exercise of options, net of
repurchases
—
—
127
—
101
—
—
—
101
Issuance of common stock upon
effective date of initial public
offering (“IPO”), net of
underwriting fees of $6,090
and other expenses of $2,442
—
—
5,800
1
78,467
—
—
—
78,468
Issuance of Series A preferred
stock upon net exercise of
warrants
61
143
—
—
(
143)
—
—
—
(
143)
Transfer of preferred stock
warrant liability related to
Series A preferred stock
—
—
—
—
871
—
—
—
871
Automatic conversion of
preferred stock to common
stock upon effective date of
IPO
(13,863)
(89,795)
13,863
1
89,794
—
—
—
89,795
Transfer of preferred stock
warrant liability upon
conversion of preferred stock
warrants into common stock
warrants
—
—
—
—
510
—
—
—
510
Reversal of unearned stock based
compensation upon
modification of options
—
—
—
—
(
526)
526
—
—
—
Vesting of restricted
shares
—
—
60
—
—
94
—
—
94
Cancellation of common stock
options and restricted shares
—
—
—
—
(
249)
249
—
—
—
Amortization of deferred stock-
based compensation, net of
cancellations
—
—
—
—
—
565
—
—
565
Employees stock-based
compensation expense
recognized under
SFAS No. 123R, net of
estimated forfeiture
—
—
—
—
1,641
—
—
—
1,641
Donation of common stock to a
charitable foundation
—
—
65
—
923
—
—
—
923
Change in unrealized loss in
investments, net of tax
—
—
—
—
—
—
—
(
35)
(35)
Net income
— — — — — —
5,798
—
5,798
Total comprehensive income
—
—
—
—
—
—
—
—
5,763
Balances, December 31, 2006
—
—
23,705
$ 2
$181,890
$(191)
$(30,340)
$(35)
$151,326
33