Pandora 2012 Annual Report Download - page 73

Table of Contents
Pandora Media, Inc.
Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit)
(In thousands, except share amounts)
Redeemable Convertible
Preferred Stock Common Stock
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
(loss)
Accumulated
Deficit
Total
Stockholders'
Equity
(Deficit) Shares Amount Shares Amount
Balances as of January 31, 2009 79,447,444 62,560 6,028,144 1 725 — (64,236) (63,510)
Issuance of Series F redeemable convertible
preferred stock for cash 45,833,082 34,124 — — — — — —
Issuance of common stock upon exercise of stock
options — — 1,074,192 — 137 — — 137
Stock based compensation — — — — 477 — — 477
Dividends on redeemable convertible preferred
stock — 6,461 — — (1,339) — (5,122) (6,461)
Deemed dividend on Series D and Series E
redeemable convertible preferred stock — 1,443 — — — — (1,443) (1,443)
Accretion of redeemable convertible preferred
stock issuance costs — 218 — — — — (218) (218)
Comprehensive loss:
Net loss — — — — — — (16,753) (16,753)
Comprehensive loss (16,753)
Balances as of January 31, 2010 125,280,526 104,806 7,102,336 1 — — (87,772) (87,771)
Issuance of Series G redeemable convertible
preferred stock for cash 8,129,338 22,206 — — — — — —
Issuance of Series B redeemable convertible
preferred stock upon exercise of warrant 124,470 142 — — — — — —
Issuance of common stock upon exercise of stock
options — — 6,148,128 — 577 — — 577
Issuance of common stock to directors for cash — — 1,210,191 — 3,800 — — 3,800
Issuance of common stock in exchange for non-
employee services — — 50,000 — 157 — — 157
Stock-based compensation — — — — 1,455 — — 1,455
Reversals of dividends on redeemable convertible
preferred stock, net of accruals — (792) — — (3,725) — 4,517 792
Excess tax benefit from stock-based
compensation plans — — — — 44 — — 44
Accretion of redeemable convertible preferred
stock issuance costs — 300 — — — — (300) (300)
Comprehensive loss:
Net loss (1,764) (1,764)
Comprehensive loss (1,764)
Balances as of January 31, 2011 133,534,334 $ 126,662 14,510,655 $1 $ 2,308 $ — $ (85,319) $ (83,010)
Issuance of common stock upon exercise of stock
options 5,165,112 1 2,515 2,516
Stock-based compensation 9,187 9,187
Dividends on redeemable convertible preferred
stock 25,200 (25,218) (25,218)
Accretion of redeemable convertible preferred
stock issuance costs 110 (110) (110)
Payment of preferred dividends in connection
with initial public offering (31,005)
Conversion of preferred stock to common stock
in connection with initial public offering (133,534,334) (120,967) 137,294,552 13 126,477 126,490
Issuance of common stock in connection with
initial public offering 6,350,682 1 90,631 90,632
Issuance of common stock in connection with
preferred stock warrant exercise 248,360 165 165
Components of comprehensive loss:
Net loss (16,107) (16,107)
Unrealized loss on marketable securities, net of
taxes (5) (5)
Comprehensive loss (16,112)
Balances as of January 31, 2012 $ 163,569,361 $16 $205,955 $(5) $ (101,426) $ 104,540
The accompanying notes are an integral part of the financial statements.
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