Home Shopping Network 2010 Annual Report Download - page 41
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Table of Contents
HSN, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.
42
Preferred
Stock
Common Stock
Invested
Capital
Receivables
From IAC
and
Subsidiaries
Additional
Paid-in
Capital
Retained
Deficit
Accumulated
Other
Comprehensive
(Loss) Income
Total
Shares
Amount
Shares
Amount
Balance as of December 31, 2007
—
$
—
—
$
—
$
4,522,873
$
(1,581,157
)
$
—
$
—
$
1,170
$
2,942,886
Comprehensive loss:
Net loss prior to spin
-
off
—
—
—
—
(
242,354
)
—
—
—
—
(
242,354
)
Net loss after spin
-
off
—
—
—
—
—
—
—
(
2,148,534
)
—
(
2,148,534
)
Foreign currency translation
—
—
—
—
—
—
—
—
(
1,416
)
(1,416
)
Comprehensive loss
(2,392,304
)
Net change in transfers to and receivables
from IAC
—
—
—
—
—
22,531
—
—
—
22,531
Distribution to IAC
—
—
—
—
(
333,799
)
—
—
—
—
(
333,799
)
Stock-based compensation expense for
equity awards
—
—
—
—
—
16,314
4,001
—
—
20,315
Stock-based awards accounted for as a
liability
—
—
—
—
—
(
2,136
)
718
—
—
(
1,418
)
Capitalization as a result of the spin-off, net
of extinguishment of IAC receivables
—
—
—
—
(
3,946,720
)
1,544,448
2,402,272
—
—
—
Issuance of common stock at spin
-
off
—
—
56,206
562
—
—
(
562
)
—
—
—
Issuance of common stock from stock-
based
compensation awards
—
—
16
—
—
—
74
—
—
74
Balance as of December 31, 2008
—
$
—
56,222
$
562
$
—
$
—
$
2,406,503
$
(2,148,534
)
$
(246
)
$
258,285
Comprehensive income:
Net income
—
—
—
—
—
—
—
72,488
—
72,488
Foreign currency translation
—
—
—
—
—
—
—
—
(
8
)
(8
)
Comprehensive income
72,480
Stock-based compensation expense for
equity awards
—
—
—
—
—
—
11,391
—
—
11,391
Adjustment to capitalization as a result of
the spin
-
off
—
—
—
—
—
—
406
—
—
406
Issuance of common stock from stock-
based
compensation awards
—
—
281
3
—
—
1,465
—
—
1,468
Balance as of December 31, 2009
—
$
—
56,503
$
565
$
—
$
—
$
2,419,765
$
(2,076,046
)
$
(254
)
$
344,030
Comprehensive income:
Net income
—
—
—
—
—
—
—
98,523
—
98,523
Foreign currency translation
—
—
—
—
—
—
—
—
254
254
Comprehensive income
98,777
Stock-based compensation expense for
equity awards
—
—
—
—
—
—
16,491
—
—
16,491
Issuance of common stock from stock-
based
compensation awards
—
—
1,464
15
—
—
17,150
—
—
17,165
Balance as of December 31, 2010
—
$
—
57,967
$
580
$
—
$
—
$
2,453,406
$
(1,977,523
)
$
—
$
476,463