Chegg 2013 Annual Report Download - page 116

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CHEGG, INC.
CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK
AND STOCKHOLDERS’ EQUITY (DEFICIT)
(in thousands)
Convertible
Preferred Stock Common Stock Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Accumulated
Deficit
Total
Stockholders’
Equity (Deficit)Shares Amount Shares Par Value
Balances at December 31, 2010 ......... 59,692 $ 182,218 8,035 $ 8 $ 17,824 $— $ (62,621) $ (44,789)
Issuance of stock options in
connection with acquisitions ..... — — — — 2,119 — — 2,119
Issuance of common stock in
connection with acquisitions ..... — — 3,493 3 16,898 — — 16,901
Issuance of restricted shares ........ — — 146 — — — — —
Issuance of common stock upon
exercise of stock options ........ — — 561 1 749 — — 750
Repurchase of common stock ...... — — (34) — — — — —
Stock-based compensation
expense ...................... — — — — 10,809 — — 10,809
Excess tax benefit from employee
stock option exercises .......... — — — — (83) — — (83)
Net loss ........................ — — — — — — (37,601) (37,601)
Balances at December 31, 2011 ......... 59,692 182,218 12,201 12 48,316 — (100,222) (51,894)
Issuance of Series F convertible
preferred stock, net ............. 3,123 24,983 — — — — — —
Cancellation of shares held in escrow
from acquisitions .............. — — (18) — (146) — — (146)
Issuance of common stock
warrants ..................... — — — — 73 — — 73
Issuance of restricted shares ........ — — 15 — — — — —
Issuance of common stock upon
exercise of stock options ........ — — 368 — 552 — — 552
Repurchase of common stock ...... — — (319) — (3,335) — — (3,335)
Stock-based compensation expense . . . — — — — 17,616 — — 17,616
Other comprehensive income ...... — — — — — 50 — 50
Net loss ........................ — — — — — — (49,043) (49,043)
Balances at December 31, 2012 ......... 62,815 207,201 12,247 12 63,076 50 (149,265) (86,127)
Issuance of common stock upon
exercise of stock options ........ — — 931 1 3,365 — — 3,366
Issuance of preferred stock and
common stock upon exercise of
stock warrants ................ 5 37 10 — 118 — — 118
Conversion of preferred stock to
common stock ................ (62,820) (207,238) 53,912 54 207,184 — — 207,238
Issuance of common stock for
settlement of restricted stock units
(RSUs) ...................... — — 307 — — — — —
Shares withheld related to net share
settlement of RSUs ............ — — (115) — (1,034) — — (1,034)
Issuance of common stock, net ..... — — 14,400 15 162,868 — — 162,883
Deemed dividend to preferred
stockholders .................. — — — — 102,557 — — 102,557
Accretion of deemed dividend to
preferred stockholders .......... — — — — (102,557) — — (102,557)
Vesting of common stock warrants . . — — — — 130 — — 130
Issuance of common stock upon
exercise of common stock
warrants ..................... — — 16 — — — — —
Conversion of preferred stock warrants
tocommonstockwarrants ........ — — — — 7,097 — — 7,097
Stock-based compensation
expense ...................... — — — — 36,475 — — 36,475
Other comprehensive loss ......... — — — — — (56) — (56)
Net loss ........................ — — — — — — (55,850) (55,850)
Balances at December 31, 2013 ......... — $ — 81,708 $ 82 $ 479,279 $ (6) $(205,115) $ 274,240
See Notes to Consolidated Financial Statements.
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