eBay 2008 Annual Report Download - page 87

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eBay Inc.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
2006 2007 2008
Year Ended December 31,
(in thousands)
Common stock:
Balance, beginning of year . . ........................ $ 1,412 $ 1,431 $ 1,458
Common stock issued .............................. 19 27 12
Balance, end of year ............................. 1,431 1,458 1,470
Additional paid-in-capital:
Balance, beginning of year . . ........................ 7,272,742 8,034,282 8,996,303
Common stock and stock based awards issued and assumed . . 331,899 517,288 227,222
Stock-based compensation . . . ........................ 326,616 306,453 358,354
Stock option income tax benefit (deficit) ................ 148,565 130,667 (8,303)
Structured stock repurchases . ........................ — 7,613 12,277
Reclassification to additional paid-in-capital on adoption of
FAS 123(R) .................................... (45,540) — —
Balance, end of year ............................. 8,034,282 8,996,303 9,585,853
Unearned stock-based compensation:
Balance, beginning of year . . ........................ (45,540) — —
Reclassification to additional paid-in-capital on adoption of
FAS 123(R) .................................... 45,540 — —
Balance, end of year ............................. — — —
Treasury stock at cost:
Balance, beginning of year . . ........................ (274) (1,669,428) (3,184,981)
Common stock repurchased . . ........................ (1,669,154) (1,515,553) (2,191,989)
Balance, end of year ............................. (1,669,428) (3,184,981) (5,376,970)
Retained earnings:
Balance, beginning of year . . ........................ 2,716,511 3,842,150 4,190,546
Cumulative effect of adoption of FIN 48 ................ — 145 —
Net income ...................................... 1,125,639 348,251 1,779,474
Balance, end of year ............................. 3,842,150 4,190,546 5,970,020
Accumulated other comprehensive income:
Balance, beginning of year . . ........................ 103,130 696,197 1,701,276
Change in unrealized gains (losses) on investments, net of
tax .......................................... 5,033 360,047 (283,611)
Change in unrealized gains (losses) on cash flow hedges, net
oftax ........................................ (116) (170) 39,310
Foreign currency translation adjustment ................. 588,150 645,202 (553,490)
Balance, end of year ............................. 696,197 1,701,276 903,485
Total stockholders’ equity ............................. $10,904,632 $11,704,602 $11,083,858
Number of Shares:
Common stock:
Balance, beginning of year ............................ 1,404,183 1,368,512 1,350,219
Common stock issued ................................ 19,048 26,979 12,484
Common stock repurchased/forfeited ..................... (54,719) (45,272) (80,678)
Balance, end of year ................................. 1,368,512 1,350,219 1,282,025
The accompanying notes are an integral part of these consolidated financial statements.
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