Dish Network 1998 Annual Report Download - page 52
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Please find page 52 of the 1998 Dish Network 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.ECHOSTAR COMMUNICATIONS CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(In thousands, except per share amounts)
See accompanying Notes to Consolidated Financial Statements.
F–5
Series A
Accumulated
Deficit and
Unrealized
Common Stock Preferred Stock Paid-In Holding Gains
Shares Amount Stock Warrants Capital (Losses) Total
(Notes 1 and 7)
Balance, December 31, 1995 ............................... 40,339 $ 403 $ 17,195 $ – $ 714 $ 151,674 $ (13,300) $ 156,686
8% Series A Cumulative Preferred Stock
dividends (at $0.75 per share).................... – – 1,204 – – – (1,204) –
Exercise of Class A Common Stock options
and warrants ................................................ 517 5 – – (698) 2,952 –2,259
Income tax benefit of deduction for income
tax purposes on exercise of Class A
Common Stock options .............................. – – – – – 2,372 –2,372
Employee benefits funded by issuance of
Class A Common Stock ............................. 64 1 – – – 1,115 –1,116
Unrealized holding losses on available-for-
sale securities, net ....................................... – – – – – – (250) (250)
Net loss............................................................. – – – – – – (100,986) (100,986)
Balance, December 31, 1996 ............................... 40,920 409 18,399 – 16 158,113 (115,740) 61,197
8% Series A Cumulative Preferred Stock
dividends (at $0.75 per share).................... – – 1,204 – – – (1,204) –
12 1/8% Series B Senior Redeemable
Exchangeable Preferred Stock dividends
payable in-kind ............................................ – – – – – – (6,164) (6,164)
Issuance of Class A Common Stock:
Acquisition of DBSC.................................. 649 7 – – – 12,024 –12,031
Exercise of stock options and warrants ..... 98 1 – – (4) 948 – 945
Secondary public offering, net of stock
issuance costs of $2,648 ........................ 3,395 34 – – – 63,216 –63,250
Employee benefits ...................................... 14 – – – – 352 – 352
Employee Stock Purchase Plan.................. 4 – – – – 63 – 63
Cancellation of Class A Common Stock to
foreclose on convertible subordinated
debentures from DBSI................................ (270) (3) – – – (4,476) –(4,479)
Issuance of 6 3/4% Series C Cumulative
Convertible Preferred Stock, net of
issuance costs of $3,778............................. – – – 100,455 –(3,778) –96,677
Accretion of 6 3/4% Series C Cumulative
Convertible Preferred Stock ........................ – – – 1,074 – – (1,074) –
Unrealized holding losses on available-for-
sale securities, net ....................................... – – – – – – (8) (8)
Net loss............................................................. – – – – – – (312,825) (312,825)
Balance, December 31, 1997 ............................... 44,810 448 19,603 101,529 12 226,462 (437,015) (88,961)
8% Series A Cumulative Preferred Stock
dividends (at $0.75 per share).................... – – 1,204 – – – (1,204) –
12 1/8% Series B Senior Redeemable
Exchangeable Preferred Stock dividends
payable in-kind ............................................ – – – – – – (26,874) (26,874)
Issuance of Class A Common Stock:
Exercise of stock options............................ 196 2 – – – 2,494 –2,496
Employee benefits ...................................... 100 1 – – – 2,290 –2,291
Employee Stock Purchase Plan.................. 16 – – – – 371 – 371
Accretion of 6 3/4% Series C Cumulative
Convertible Preferred Stock ........................ – – – 7,137 – – (7,137) –
Unrealized holding gains on available-for-
sale securities, net ....................................... – – – – – – 19 19
Net loss............................................................. – – – – – – (260,882) (260,882)
Balance, December 31, 1998 ............................... 45,122 $ 451 $ 20,807 $ 108,666 $ 12 $ 231,617 $ (733,093) $ (371,540)