DIRECTV 2004 Annual Report Download - page 66
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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
Comprehensiv
e
Income (Loss)
Total
Stockholders’
Equity
Comprehensiv
e
Income (Loss)
(Dollars in Millions, Except Share Data)
Balance at January 1, 2002
200
$
9,561.2
$
1,498.4
$
(86.4
)
$
98.7
$
11,071.9
Net Loss
(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
)
Comprehensive loss
$
(1,054.2
)
Balance at December 31, 2002
200
10,151.8
914.1
(1,027.1
)
(61.7
)
9,977.1
Net Loss
(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
)
Comprehensive loss
$
(97.6
)
Balance at December 31, 2003
1,383,649,451
10,817.5
—
(1,388.9
)
202.5
9,631.1
Net Loss
(1,949.2
)
(1,949.2
)
$
(1,949.2
)
Stock options exercised
2,139,782
23.0
23.0
Stock-based compensation expense
57.1
57.1
DIRECTV Latin America reorganization
(31.5
)
(31.5
)
Other
25,226
3.8
3.8
Minimum pension liability adjustment
7.4
7.4
7.4
Foreign currency translation adjustments
14.8
14.8
14.8
Unrealized losses on securities and derivatives:
Unrealized holding losses
(5.6
)
(5.6
)
(5.6
)
Less: reclassification adjustment for net gains recognized during the
period
(243.8
)
(243.8
)
(243.8
)
Comprehensive loss
$
(2,176.4
)
Balance at December 31, 2004
1,385,814,459
$
10,869.9
$
—
$
(3,338.1
)
$
(24.7
)
$
7,507.1
Reference should be made to the Notes to the Consolidated Financial Statements.
57