Pandora 2012 Annual Report Download - page 107

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Table of Contents
Pandora Media, Inc.
Notes to Consolidated Financial Statements - Continued
Net loss was increased by the cumulative dividends payable upon conversion or liquidation of redeemable convertible preferred shares earned during
the period to arrive at net loss attributable to common stockholders for the fiscal year January 31, 2011. For the fiscal year ended January 31, 2012 dividends
were accrued up through the conversion at the close of the IPO.
The following potential common shares outstanding were excluded from the computation of diluted net loss per share because including them would
have been anti-dilutive:
As of January 31,
2010 2011 2012
(in thousands)
Options to purchase common stock 31,388 33,408 34,811
Warrants to purchase convertible preferred stock 589 403
Warrants to purchase common stock 155
Restricted stock units 1,427
Convertible preferred stock 129,041 137,295
Total common stock equivalents 161,018 171,106 36,393
95