SOHU » Topics » (b) Treasury Stock

These excerpts taken from the SOHU 10-K filed Feb 26, 2009.

(b) Treasury Stock

During the year ended December 31, 2008, the Company repurchased 501,686 shares of its common stock for total consideration of $20 million including brokerage commission, to demonstrate confidence in the health and future prosperity of the Company. During the year ended December 31, 2007, the Company did not purchase any shares of its common stock. And during the year ended December 31, 2006, the Company repurchased 690,580 shares of its common stock for total consideration of $15 million. The shares repurchased by the Company are no longer outstanding, and are being held by the Company as treasury stock. Treasury stock is accounted for under the cost method.

(b) Treasury Stock

STYLE="margin-top:6px;margin-bottom:0px">During the year ended December 31, 2008, the Company repurchased 501,686 shares of its common stock for total consideration of $20 million including brokerage
commission, to demonstrate confidence in the health and future prosperity of the Company. During the year ended December 31, 2007, the Company did not purchase any shares of its common stock. And during the year ended December 31, 2006,
the Company repurchased 690,580 shares of its common stock for total consideration of $15 million. The shares repurchased by the Company are no longer outstanding, and are being held by the Company as treasury stock. Treasury stock is accounted for
under the cost method.

This excerpt taken from the SOHU 10-K filed Feb 28, 2008.

(b) Treasury Stock

During the year ended December 31, 2007, the Company did not purchase any shares of its common stock. During the year ended December 31, 2006, the Company repurchased 690,580 shares of its common stock for total consideration at a $15 million, and during the year ended December 31, 2005, the Company repurchased 885,605 shares of its common stock for total consideration of $13.8 million including brokerage commission, to demonstrate confidence in the health and future prosperity of the Company. The shares repurchased by the Company are no longer outstanding, and are being held by the Company as treasury stock. Treasury stock is accounted for under the cost method.

This excerpt taken from the SOHU 10-K filed Mar 8, 2007.

(b) Treasury Stock

During the year ended December 31, 2006, the Company repurchased 690,580 shares of its common stock for total consideration at a $15 million, and during the year ended December 31, 2005, the Company repurchased 885,605 shares of its common stock for total consideration of $13.8 million including brokerage commission, to demonstrate confidence in the health and future prosperity of the Company. The shares repurchased by the Company are no longer outstanding, and are being held by the Company as treasury stock. Treasury stock is accounted for under the cost method.

This excerpt taken from the SOHU 10-K filed Feb 28, 2006.

(b) Treasury Stock

During the year ended December 31, 2005, the Company repurchased 885,605 shares of its common stock for total consideration of $13.8 million including brokerage commission, to demonstrate the confidence in the health and future prosperity of the Company. During the year ended December 31, 2004, the Company repurchased 1.36 million shares of its common stock for total consideration of $23.8 million including brokerage commission. The shares repurchased by the Company are no longer outstanding, and are being held by the Company as treasury stock. Treasury stock is accounted for under the cost method.

This excerpt taken from the SOHU 10-K filed Mar 25, 2005.

(b) Treasury Stock

 

During the year ended December 31, 2004, the Company repurchased 1.36 million shares of its common stock for total consideration of $23.8 million including brokerage commission, to demonstrate the confidence in the health and future prosperity of the Company. During the year ended December 31, 2002, the Company repurchased 1.2 million shares of its common stock for total consideration of $2.0 million including brokerage commission. The 2.56 million shares repurchased by the Company are no longer outstanding, and are being held by the Company as treasury stock. Treasury stock is accounted for under the cost method.

 

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