eBay 1998 Annual Report Download - page 62

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62
eBAY INC.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(in thousands)
Series A
Convertible
Preferred Stock Common Stock
Additional
Paid-in
Notes
Receivable
from Unearned Retained
Total
Stock-
holders’
Shares Amount Shares Amount Capital Stockholders Compensation Earnings Equity
Issuance of Common Stock for cash and
notes..................................................... — $ — 61,200 $ 61 $ 17 $ (68) $ — $ — $ 10
Issuance of Preferred Stock .................. . 1,676 4 — — — — — — 4
Net income ........................................... . — — — — — — — 148 148
Balance at December 31, 1996 ............. . 1,676 4 61,200 61 17 (68) — 148 162
Accretion of Series B Mandatorily
Redeemable Convertible Preferred
Stock to redemption value ................ . — — — — — — — (46) (46)
Unearned compensation ....................... . — — — — 1,424 — (1,424) — —
Amortization of unearned
compensation.................................... . — — — — — — 25 — 25
Net income ....................................... . — — — — — — — 874 874
Balance at December 31, 1997 ............. . 1,676 4 61,200 61 1,441 (68) (1,399) 976 1,015
Accretion of Series B Mandatorily
Redeemable Convertible Preferred
Stock to redemption value ................ . — — — — — — — (46) (46)
Unearned compensation ....................... . — — — — 5,831 — (5,831) — —
Amortization of unearned
compensation.................................... . — — — — — — 3,091 — 3,091
Issuance of Common Stock for cash and
notes................................................. . — — 18,940 20 4,569 (1,378) 7 — 3,211
Issuance of Common Stock for
acquisition of Jump Incorporated ..... . — — 428 — 2,000 — — — 2,000
Contribution of Common Stock to
charitable foundation ........................ . — — 322 — 1,215 ‘97 — — 1,215
Issuance of Common Stock for cash in
initial public offering, net of offering
expenses of $6,168 ........................... . — — 12,043 12 66,076 — — — 66,088
Conversion of Series A and B Preferred
Stock to Common Stock in conjunction
with initial public offering................ . (1,676) (4) 27,827 28 5,133 — — — 5,157
Note repayments................................... . — — — — — 316 — — 316
Net income ........................................... . — — — — — — — 2,398 2,398
Balance at December 31, 1998 ............. . — $ — 120,760 $ 121 $ 86,265 $ (1,130) $ (4,139) $ 3,328 $ 84,445
The accompanying notes are an integral part of these consolidated financial statements.