SanDisk 2006 Annual Report Download - page 106

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SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Common
Stock
Shares
Common
Stock
Amount
Capital in
Excess of
Par
Val u e
Retained
Earnings
Accumulated
Other
Comprehensive
Income(Loss)
Deferred
Compensation
Total
Stockholders’
Equity
(In thousands)
Balance at December 28, 2003 ........ 160,914 $160 $1,207,798 $ 253,624 $ 54,290 $ — $1,515,872
Net income . . ................... 266,616 266,616
Unrealized loss on available for sale
securities . . ................... (2,765) (2,765)
Unrealized loss on investments in
foundries . . ................... (38,216) (38,216)
Foreign currency translation . ......... 5,584 5,584
Comprehensive income ............. 231,219
Exercise of stock options for cash . . .... 2,301 3 19,004 19,007
Issuance of stock pursuant to employee
stock purchase plan .............. 261 1 5,640 5,641
Deferred compensation ............. 212 6,061 (6,061) —
Amortization of deferred compensation . . . 525 525
Debt conversion .................. 16,276 16 149,984 150,000
Income tax benefit from stock options
exercised..................... 17,886 17,886
Balance at January 2, 2005 . . ......... 179,964 180 1,406,373 520,240 18,893 (5,536) 1,940,150
Net income . . ................... 386,384 386,384
Unrealized loss on available for sale
securities . . ................... (1,901) (1,901)
Unrealized loss on investments in
foundries . . ................... (840) (840)
Foreign currency translation . ......... (13,517) (13,517)
Comprehensive income ............. 370,126
Exercise of stock options for cash . . .... 7,937 8 108,686 108,694
Issuance of stock pursuant to employee
stock purchase plan .............. 321 6,704 6,704
Deferred compensation ............. 4,438 (4,438) —
Amortization of deferred compensation . . . 2,499 2,499
Income tax benefit from stock options
exercised..................... 95,618 95,618
Balance at January 1, 2006 . . ......... 188,222 188 1,621,819 906,624 2,635 (7,475) 2,523,791
Net income . . ................... 198,896 198,896
Unrealized income on available for sale
securities . . ................... 2,315 2,315
Unrealized loss on investments in
foundries . . ................... (227) (227)
Foreign currency translation . ......... 770 770
Comprehensive income ............. 201,754
Exercise of stock options for cash . . .... 4,861 5 87,049 87,054
Issuance of stock pursuant to employee
stock purchase plan .............. 264 9,250 9,250
Issuance of restricted stock . . ......... 63 —
Income tax benefit from stock options
exercised..................... 61,453 61,453
FAS 123R compensation expense and
reversal of deferred compensation . .... 96,415 7,475 103,890
Purchased calls .................. (386,090) (386,090)
SoldWarrants ................... 308,672 308,672
Tax benefit on purchased calls ........ 145,556 145,556
Issuance of stock and equity awards
related to acquisitions . . . ......... 33,108 33 1,686,356 1,686,389
Reclass of premium on assumed msystems
convertible debt . . .............. 26,415 26,415
Balance at December 31, 2006 ........ 226,518 $226 $3,656,895 $1,105,520 $ 5,493 $ — $4,768,134
The accompanying notes are an integral part of these consolidated financial statements.
Annual Report
F-7