SanDisk 2014 Annual Report Download - page 147

SANDISK CORPORATION
CONSOLIDATED STATEMENTS OF EQUITY
Common Accumulated
Common Stock Capital in Other Total Non-
Stock Par Excess of Retained Comprehensive Stockholders’ controlling Total
Shares Value Par Value Earnings Income (Loss) Equity Interests Equity
(In thousands)
Balance as of January 1, 2012 ......... 242,552 $ 243 $ 4,934,565 $ 1,796,849 $ 332,701 $ 7,064,358 $ (3,519) $ 7,060,839
Net income .................. — — — 417,404 — 417,404 — 417,404
Other comprehensive loss, net ....... — — — — (167,580) (167,580) — (167,580)
Loss on non-controlling interest ...... — — — — — — (782) (782)
Issuance of shares pursuant to equity
plans ..................... 3,846 4 63,312 — — 63,316 — 63,316
Issuance of shares pursuant to employee
stock purchase plan ............ 685 — 22,986 — — 22,986 — 22,986
Net cash received for stock repurchase
contracts ................... — — 2,675 — — 2,675 — 2,675
Share-based compensation expense . . . . — — 79,132 — — 79,132 — 79,132
Income tax benefit from share-based
plans ..................... — — 11,691 — — 11,691 — 11,691
Stock repurchases ............... (5,651) (6) (87,090) (142,985) — (230,081) — (230,081)
Balance as of December 30, 2012 ....... 241,432 241 5,027,271 2,071,268 165,121 7,263,901 (4,301) 7,259,600
Net income .................. — — — 1,042,657 — 1,042,657 — 1,042,657
Other comprehensive loss, net ....... — — — — (241,580) (241,580) — (241,580)
Income from non-controlling interest . . . — — — — — — 2,207 2,207
Distribution to non-controlling interests . — — — — — — (87) (87)
Issuance of shares pursuant to equity
plans ..................... 7,934 8 241,316 — — 241,324 — 241,324
Issuance of shares pursuant to employee
stock purchase plan ............ 624 1 24,720 — — 24,721 — 24,721
Share-based compensation expense . . . . — — 100,641 — — 100,641 — 100,641
Income tax benefit from share-based
plans ..................... — — 583 — — 583 — 583
Dividends and dividend equivalent rights
declared ................... — — — (102,896) — (102,896) — (102,896)
Stock repurchases ............... (24,699) (25) (582,575) (1,006,940) — (1,589,540) — (1,589,540)
Equity value of debt issuance ........ — — 349,250 — — 349,250 — 349,250
Purchased convertible bond hedge, net . . — — (338,989) — — (338,989) — (338,989)
Sold warrants ................. — — 217,800 — — 217,800 — 217,800
Balance as of December 29, 2013 ....... 225,291 225 5,040,017 2,004,089 (76,459) 6,967,872 (2,181) 6,965,691
Net income .................. — — — 1,007,446 — 1,007,446 — 1,007,446
Other comprehensive loss, net ....... — — — — (131,613) (131,613) — (131,613)
Income from non-controlling interest . . . — — — — — — 803 803
Issuance of shares pursuant to equity
plans ..................... 4,706 5 145,664 — — 145,669 — 145,669
Issuance of shares pursuant to employee
stock purchase plan ............ 639 1 35,816 — — 35,817 — 35,817
Share-based compensation expense . . . . — — 157,328 — — 157,328 — 157,328
Income tax benefit from share-based
plans ..................... — — 45,120 — — 45,120 — 45,120
Dividends and dividend equivalent rights
declared ................... — — — (238,170) — (238,170) — (238,170)
Stock repurchases ............... (14,893) (15) (67,245) (1,274,216) — (1,341,476) — (1,341,476)
Equity value of debt issuance ........ — — 193 — — 193 — 193
Convertible debt conversion . . . . . . . . 27 — (25) — — (25) — (25)
Exercise of convertible note hedges .... (27) — — — — — — —
Assumption of share-based compensation
plan awards in connection with
acquisition .................. — — 7,041 — — 7,041 — 7,041
Reclassification to Convertible short-term
debt conversion obligation ........ — — (127,143) — — (127,143) — (127,143)
Balance as of December 28, 2014 ....... 215,743 $ 216 $ 5,236,766 $ 1,499,149 $ (208,072) $ 6,528,059 $ (1,378) $ 6,526,681
The accompanying notes are an integral part of these consolidated financial statements.
F-7
Annual Report