Shutterfly 2015 Annual Report Download - page 76
Download and view the complete annual report
Please find page 76 of the 2015 Shutterfly annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
 |
 |
SHUTTERFLY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
Year Ended December 31,
2015 2014 2013
Common stock (par value)
Balance, beginning of year .............................. $ 4 $ 4 $ 4
Issuance of common stock upon exercise of options and vesting
of restricted stock units ..............................111
Common stock repurchased and retired .................... (1) (1) (1)
Balance, end of year ...................................444
Additional paid-in capital
Balance, beginning of year .............................. 838,313 771,875 652,110
Issuance of common stock upon exercise of options and vesting
of restricted stock units .............................. 3,221 3,243 19,112
Stock based compensation, net of forfeitures ............... 61,705 63,358 55,237
Accelerated share repurchase of common stock ............. (3,119) — —
Tax benefit/(shortfall) of stock options .................... 98 (163) 2,957
Equity component of the convertible note issuance, net ....... — — 62,409
Purchase of convertible note hedge ....................... — — (63,510)
Sale of warrants ...................................... — — 43,560
Balance, end of year ................................... 900,218 838,313 771,875
Accumulated other comprehensive loss
Balance, beginning of year .............................. (53) — —
Unrealized loss on investments, net of tax .................. (15) (53) —
Balance, end of year ................................... (68) (53) —
Accumulated earnings/(deficit)
Balance, beginning of year .............................. (80,458) 16,216 39,172
Common stock repurchased and retired .................... (212,791) (88,814) (32,241)
Net income/(loss) ..................................... (843) (7,860) 9,285
Balance, end of year ................................... (294,092) (80,458) 16,216
Total stockholders’ equity ............................... $ 606,062 $ 757,806 $ 788,095
Number of shares
Common stock .......................................
Balance, beginning of year .............................. 37,906 38,196 36,358
Issuance of common stock upon exercise of options and vesting
of restricted stock units .............................. 1,780 1,671 2,540
Common stock repurchased and retired .................... (4,909) (1,961) (702)
Balance, end of year ................................... 34,777 37,906 38,196
The accompanying notes are an integral part of these consolidated financial statements.
74