DIRECTV 2002 Annual Report Download - page 78

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HUGHES ELECTRONICS CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER’S EQUITY
Capital Stock
and
Additional
Paid-In
Capital
Preferred
Stock
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Total
Stockholder’s
Equity
Comprehensive
Income (Loss)
(Dollars in Millions)
Balance at December 31, 1999 ........ $ 9,809.5 $ 1,487.5 $ (84.4) $ 468.7 $11,681.3
Net Income .......................... 813.0 813.0 $ 813.0
Preferredstock ...................... 8.2 (3.2) 5.0
Preferred stock dividends .............. (93.8) (93.8)
Stock options exercised ............... 67.9 67.9
Tax benefit from exercise of GM Class H
commonstockoptions............... 62.3 62.3
Subsidiary common stock issued in
connection with acquisition and other . . 34.1 34.1
Minimum pension liability adjustment .... (8.8) (8.8) (8.8)
Foreign currency translation adjustments . (25.9) (25.9) (25.9)
Unrealized holding losses on securities . . (209.0) (209.0) (209.0)
Comprehensive income ............... $ 569.3
Balance at December 31, 2000 ........ 9,973.8 1,495.7 631.6 225.0 12,326.1
Net Loss ............................ (621.6) (621.6) $ (621.6)
Preferredstock ...................... 2.7 (2.7)
Preferred stock dividends .............. (93.7) (93.7)
Stock options exercised ............... 22.3 22.3
Tax benefit from exercise of GM Class H
commonstockoptions............... 7.1 7.1
Adjustment related to Raytheon purchase
pricesettlement .................... (574.2) (574.2)
Subsidiary common stock issued in
connection with acquisition and other . . 132.2 132.2
Minimum pension liability adjustment .... (1.2) (1.2) (1.2)
Foreign currency translation adjustments . (60.7) (60.7) (60.7)
Cumulative effect of accounting change . . 0.4 0.4 0.4
Unrealized gains (losses) on securities
and derivatives: ....................
Unrealized holding losses ............ (121.4) (121.4) (121.4)
Less: reclassification adjustment for net
losses recognized during the period . 56.6 56.6 56.6
Comprehensive loss .................. $ (747.9)
Balance at December 31, 2001 ........ 9,561.2 1,498.4 (86.4) 98.7 11,071.9
Net Loss ............................ (893.8) (893.8) $ (893.8)
Preferredstock ...................... 1.6 (1.6)
Preferred stock dividends .............. (45.3) (45.3)
Stock options exercised ............... 7.7 7.7
Tax benefit from exercise of GM Class H
commonstockoptions............... 1.2 1.2
Cancellation of Hughes Series A
PreferredStock .................... 1,500.0 (1,500.0)
Issuance of Hughes Series B Convertible
PreferredStock .................... (914.1) 914.1
Other............................... (4.2) (4.2)
Minimum pension liability adjustment .... (15.0) (15.0) (15.0)
Foreign currency translation adjustments:
Unrealizedgains ................... 1.6 1.6 1.6
Less: reclassification adjustment for net
losses recognized during the period . 48.9 48.9 48.9
Unrealized losses on securities and
derivatives: ........................
Unrealized holding losses ............ (96.8) (96.8) (96.8)
Less: reclassification adjustment for net
gains recognized during the period . . (99.1) (99.1) (99.1)
Comprehensive loss .................. $(1,054.2)
Balance at December 31, 2002 ........ $10,151.8 $ 914.1 $(1,027.1) $ (61.7) $ 9,977.1
Reference should be made to the Notes to the Consolidated Financial Statements.
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