TeleNav 2010 Annual Report Download - page 79

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TELENAV, INC.
CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK
AND STOCKHOLDERS’ EQUITY (DEFICIT)
(in thousands)
Convertible Preferred Stock Common Stock Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings
(deficit)
Total
Stockholders’
Equity
(deficit)Shares Amount Shares Amount
Balance at June 30, 2007 .................................................. 23,073 $ 47,196 11,061 $ 11 $ 2,532 $199 $(30,619) $ (27,877)
Issuance of Series E convertible preferred stock upon exercise of warrants ....... 11 37 — — — — — —
Issuance of common stock upon exercise of stock options .................... — — 63 — 41 — — 41
Issuance of common stock upon exercise of warrants ........................ — — 101 — 60 — — 60
Stock-based compensation expense ...................................... — — — — 341 — — 341
Settlement of stock options ............................................ — — — — (59) — — (59)
Accretion of Series E preferred stock dividend ............................. — 2,927 — — — — (2,927) (2,927)
Comprehensive income:
Foreign currency translation adjustment .............................. — — — — — 49 — 49
Net income ..................................................... — — — — — — 4,607 4,607
Comprehensive income ............................................... — — — — — — — 4,656
Balance at June 30, 2008 .................................................. 23,084 50,160 11,225 11 2,915 248 (28,939) (25,765)
Issuance of common stock upon exercise of stock options .................... — — 85 — 68 — — 68
Issuance of common stock upon grant of shares to nonemployee ............... — — 10 — 25 — — 25
Stock-based compensation expense ...................................... — — — — 482 — — 482
Accretion of Series E preferred stock dividend ............................. — 1,208 — — — — (1,208) (1,208)
Comprehensive income:
Foreign currency translation adjustment .............................. — — — — — 156 — 156
Net income ..................................................... — — — — — — 29,618 29,618
Comprehensive income ............................................... — — — — — — — 29,774
Balance at June 30, 2009 .................................................. 23,084 51,368 11,320 11 3,490 404 (529) 3,376
Issuance of Series E convertible preferred stock upon exercise of warrants and
reclassification of warrant liability ..................................... 261 3,719 — — — — — —
Issuance of common stock upon exercise of stock options .................... — — 478 — 457 — — 457
Repurchase of common stock .......................................... — — (201) — (210) — (1,018) (1,228)
Accretion of Series E preferred stock dividend ............................. — 954 — — — — (954) (954)
Conversion of convertible preferred stock to common stock .................. (23,345) (50,952) 23,345 23 50,929 — — 50,952
Issuance of common stock in the form of a stock dividend to Series E preferred
stockholders ...................................................... — (5,089) 636 1 5,088 — — 5,089
Issuance of common stock upon exercise of warrants ........................ — — 12 — — — — —
Issuance of common stock in initial public offering ......................... — — 6,550 7 44,631 — — 44,638
Stock-based compensation expense ...................................... — — — — 4,927 — — 4,927
Excess tax benefit from employee stock option plans ........................ — — — — 375 — — 375
Comprehensive income:
Currency translation adjustment ..................................... — — — — — (5) — (5)
Net income ..................................................... — — — — — — 41,410 41,410
Comprehensive income ............................................... — — — — — — — 41,405
Balance at June 30, 2010 .................................................. — $ — 42,140 $ 42 $109,687 $399 $ 38,909 $149,037
See Notes to Consolidated Financial Statements.
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