Travelzoo 2004 Annual Report Download - page 51

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TRAVELZOO INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Years Ended December 31, 2004, 2003, and 2002
Additional Total
Common Stock Paid-In Retained Stockholders'
Shares Amount Capital Earnings Equity
Balances, December 31, 2001 ÏÏÏÏÏÏ 19,425,147 194,251 (116,078) 859,710 937,883
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì 853,071 853,071
Balances, December 31, 2002 ÏÏÏÏÏÏ 19,425,147 194,251 (116,078) 1,712,781 1,790,954
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì 2,050,126 2,050,126
Balances, December 31, 2003 ÏÏÏÏÏÏ 19,425,147 $194,251 $ (116,078) $3,762,907 $ 3,841,080
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì 6,037,377 6,037,377
Reduction of reported shares
outstanding upon expiration of
merger exchange period ÏÏÏÏÏÏÏÏÏ (4,115,532) (41,155) 41,155 Ì Ì
Proceeds from exercises of options ÏÏ 173,589 1,736 369,031 Ì 370,767
Tax beneÑt of non-qualiÑed stock
options exercise ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì 1,931,924 1,931,924
Recovery of proÑt from purchase
and sale of stock by employees ÏÏÏ Ì Ì 34,390 Ì 34,390
Proceeds from issuance of common
stock, net of related issuance costs 750,000 7,500 28,039,569 Ì 28,047,069
Balances, December 31, 2004 ÏÏÏÏÏÏ 16,233,204 $162,332 $30,299,991 $9,800,284 $40,262,607
See accompanying notes to consolidated Ñnancial statements
33