Earthlink 2000 Annual Report Download - page 40

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EARTHLINK, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
PREFERRED STOCK COMMON STOCK STOCK ADDITIONAL
------------------- ------------------- SUBSCRIPTIONS PAID-IN TREASURY
SHARES AMOUNT SHARES AMOUNT RECEIVABLE CAPITAL STOCK
-------- -------- -------- -------- ------------- ---------- --------
(IN THOUSANDS)
Balance at December 31, 1997....... -- $ -- 81,545 $ 816 $ -- $ 105,380 $ --
Issuance of Series A convertible
preferred stock.................. 6,626 66 -- -- -- 134,934 --
Accretion of convertible preferred
stock............................ -- -- -- -- -- 7,601 --
Follow on offerings, net of
expenses......................... -- -- 16,677 167 -- 280,682 --
Conversion of debt to common
stock............................ -- -- 1,265 13 -- 5,030 --
Issuance of common stock for
services......................... -- -- 32 -- -- 130 --
Issuance of common stock pursuant
to exercise of stock options..... -- -- 2,739 27 -- 4,216 --
Issuance of common stock pursuant
to exercise of warrants.......... -- -- 1,229 12 -- 1,394 --
Warrants issued in conjunction with
marketing agreement.............. -- -- -- -- -- -- --
Warrants issued in exchange for
services......................... -- -- -- -- -- -- --
Issuance of notes receivable from
stock sales...................... -- -- 28 -- (1,041) 1,041 --
Net loss........................... -- -- -- -- -- -- --
------ ---- ------- ------ ------ ---------- -------
Balance at December 31, 1998....... 6,626 66 103,515 1,035 (1,041) 540,408 --
Issuance of Series B convertible
preferred stock.................. 979 10 -- -- -- 42,612 --
Accretion of convertible preferred
stock............................ -- -- -- -- -- 14,106 --
Follow on offering, net of
expenses......................... -- -- 9,744 98 -- 446,540 --
Issuance of common stock pursuant
to customer base acquisition..... -- -- 752 7 -- 29,993 --
Issuance of common stock pursuant
to exercise of stock options..... -- -- 2,307 23 -- 10,929 --
Issuance of common stock pursuant
to exercise of warrants.......... -- -- 547 6 -- 521 --
Collection of notes receivable from
stock sales...................... -- -- -- -- 1,041 -- --
Net loss........................... -- -- -- -- -- -- --
------ ---- ------- ------ ------ ---------- -------
Balance at December 31, 1999....... 7,605 76 116,865 1,169 -- 1,085,109 --
Issuance of Series B convertible
preferred stock.................. 22,072 221 -- -- -- 389,556 --
Issuance of Series C convertible
preferred stock.................. 7,083 71 -- -- -- 199,457 --
Accretion of convertible preferred
stock............................ -- -- -- -- -- 23,730 --
Repurchase of common stock......... -- -- -- -- -- -- (56,691)
Issuance of common stock in OneMain
acquisition...................... -- -- 4,278 43 -- 49,964 56,691
Issuance of common stock pursuant
to top-up agreement with
Sprint........................... -- -- 6,680 67 -- 118,395 --
Issuance of common stock pursuant
to exercise of stock options..... -- -- 1,917 19 -- 6,913 --
Issuance of common stock pursuant
to exercise of warrants.......... -- -- 324 3 -- 537 --
Issuance of options and warrants in
OneMain acquisition.............. -- -- -- -- -- 3,539 --
Net loss........................... -- -- -- -- -- -- --
------ ---- ------- ------ ------ ---------- -------
Balance at December 31, 2000....... 36,760 $368 130,064 $1,301 $ -- $1,877,200 $ --
====== ==== ======= ====== ====== ========== =======
WARRANTS TO
PURCHASE TOTAL
COMMON ACCUMULATED STOCKHOLDERS'
STOCK DEFICIT EQUITY
----------- ------------ -------------
(IN THOUSANDS)
Balance at December 31, 1997....... $1,093 $ (79,799) $ 27,490
Issuance of Series A convertible
preferred stock.................. -- -- 135,000