Vonage 2014 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2014 Vonage 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.

Page out of 100

  • 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

Table of Contents
F-8 VONAGE ANNUAL REPORT 2014
VONAGE HOLDINGS CORP. CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) AND REDEEMABLE NONCONTROLLING
INTEREST
(In thousands)
Common
Stock
Additional
Paid-in
Capital
Accumulated
Deficit
Treasury
Stock
Accumulated
Other
Comprehensive
Income
Non-
controlling
interest Total
Redeemable
non-
controlling
interest
Net
Income
Balance at December 31,
2011 $ 228 $ 1,074,488 $ (762,857) $ (14,529) $ 2,237 $ — $299,567
Stock option exercises 2 1,723 1,725
Share-based expense 11,975 11,975
Share-based award activity (625) (625)
Warrant exercise (28,189) (28,189)
Foreign currency translation
adjustment 335 335
Net income 36,627 36,627
Balance at December 31,
2012 230 1,088,186 (726,230) (43,343) 2,572 — 321,415 —
Stock option exercises 9 9,545 9,554
Stock option cancellation (5,463) (5,463)
Share-based expense 17,843 17,843
Share-based award activity (1,311) (1,311)
Common stock repurchases (56,386) (56,386)
Acquisition of business 8 26,178 26,186
Investment by redeemable
noncontrolling interest — 455
Foreign currency translation
adjustment (2,053) (2,053) (5)
Net income 28,289 28,289 (488) 27,801
Balance at December 31,
2013 247 1,136,289 (697,941) (101,040) 519 — 338,074 (38)
Stock option exercises 10 4,554 4,564
Share-based expense 21,070 21,070
Share-based award activity (9,004) (9,004)
Common stock repurchases (49,263) (49,263)
Acquisition of business 7 22,749 (468) 22,288
Foreign currency translation
adjustment (3,642) 9 (3,633)
Unrealized loss on available-
for-sale securities (8) (8)
Transfer of noncontrolling
interest (706) (706) 706
Net income (loss) 20,266 (151) 20,115 (668) 19,447
Balance at December 31,
2014 $ 264 $ 1,184,662 $ (677,675) $(159,775) $ (3,131) $ (848) $343,497 $ —
The accompanying notes are an integral part of these financial statements