DIRECTV 2003 Annual Report Download - page 71

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THE DIRECTV GROUP, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Common
Shares
Common
Stock and
Additional
Paid-In
Capital
Preferred
Stock
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Total
Stockholders’
Equity
Comprehensive
Income (Loss)
(Dollars in Millions, Except Share Data)
Balance at January 1, 2001 ........................ 200 $ 9,973.8 $ 1,495.7 $ 631.6 $ 225.0 $12,326.1
NetLoss ........................................ (621.6) (621.6) $ (621.6)
Preferred stock ................................... 2.7 (2.7)
Preferred stock dividends ........................... (93.7) (93.7)
Stock options exercised ............................ 22.3 22.3
Adjustment related to Raytheon purchase price
settlement ..................................... (574.2) (574.2)
Subsidiary common stock issued in connection with
acquisitionandother............................. 139.3 139.3
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
Comprehensiveloss ............................... $ (747.9)
Balance at December 31, 2001 ...................... 200 9,561.2 1,498.4 (86.4) 98.7 11,071.9
NetLoss ........................................ (893.8) (893.8) $ (893.8)
Preferred stock ................................... 1.6 (1.6)
Preferred stock dividends ........................... (45.3) (45.3)
Stock options exercised ............................ 7.7 7.7
Cancellation of Series A Preferred Stock ............... 1,500.0 (1,500.0)
Issuance of Series B Convertible Preferred Stock ........ (914.1) 914.1
Other ........................................... (3.0) (3.0)
Minimum pension liability adjustment ................. (15.0) (15.0) (15.0)
Foreign currency translation adjustments:
Unrealized gains ................................ 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)
Comprehensiveloss ............................... $(1,054.2)
Balance at December 31, 2002 ...................... 200 10,151.8 914.1 (1,027.1) (61.7) 9,977.1
NetLoss ........................................ (361.8) (361.8) $ (361.8)
Conversion of Series B Convertible Preferred Stock into
Class B common stock and common stock split ........ 1,481,891,553 914.1 (914.1)
Adjustment to GM stock holdings in connection with the
News Corporation transactions ..................... (98,301,304)
Special cash dividend paid to General Motors ........... (275.0) (275.0)
Tax benefit to General Motors ....................... (25.1) (25.1)
Stock options exercised ............................ 59,002 17.7 17.7
Other ........................................... 34.0 34.0
Minimum pension liability adjustment ................. (16.5) (16.5) (16.5)
Foreign currency translation adjustments ............... 6.0 6.0 6.0
Unrealized gains (losses) on securities and derivatives:
Unrealized holding gains ......................... 275.3 275.3 275.3
Less: reclassification adjustment for net gains recognized
during the period .............................. (0.6) (0.6) (0.6)
Comprehensiveloss ............................... $ (97.6)
Balance at December 31, 2003 ...................... 1,383,649,451 $10,817.5 $ — $(1,388.9) $ 202.5 $ 9,631.1
Reference should be made to the Notes to the Consolidated Financial Statements.
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