Dish Network 1999 Annual Report Download - page 53

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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
ock-
Accumulated
Deficit and
Unrealized
Common Stock
Series A
Preferred
Based
Compen-
Additional
Paid-In Holding
Gains
Shares Amt. Stock sation Capital (Losses) Total
(Notes 1 and 7)
Balance, December 31, 1996 ............................................ 163,680 $1,637 $ 18,399 $ – $ – $ 156,901 $ (115,740) $ 61,197
8% Series A Cumulative Preferred Stock (“Series A
Preferred Stock”) dividends (at $0.75 per share) .. – – 1,204 – – – (1,204) –
12 1/8% Series B Senior Redeemable Exchangeable
Preferred Stock (“Series B Preferred Stock”)
dividends payable in-kind ........................................ – – – – – – (6,164) (6,164)
Issuance of 6 3/4% Series C Cumulative Convertible
Preferred Stock (“Series C Preferred Stock”), net
of issuance costs of $3,778 ..................................... – – – 100,455 –(3,778) –96,677
Accretion of Series C Preferred Stock ......................... – – – 1,074 – – (1,074) –
Issuance of Class A Common Stock:
Acquisition of DBSC............................................... 2,596 26 – – – 12,005 –12,031
Exercise of stock options and warrants .................. 392 4 – – – 941 –945
Secondary public offering, net of stock issuance
costs of $2,648 .................................................... 13,580 136 – – – 63,114 –63,250
Employee benefits ................................................... 56 1 – – – 351 –352
Employee Stock Purchase Plan............................... 16 – – – – 63 – 63
Cancellation of Class A Common Stock to foreclose
on convertible subordinated debentures from
DBSI ......................................................................... (1,080) (11) – – – (4,468) –(4,479)
Unrealized holding losses on available-for-sale
securities, net ........................................................... – – – – – – (8) (8)
Net loss ......................................................................... – – – – – – (312,825) (312,825)
Balance, December 31, 1997 ............................................ 179,240 1,793 19,603 101,529 –225,129 (437,015) (88,961)
Series A Preferred Stock dividends (at $0.75 per
share) ........................................................................ – – 1,204 – – – (1,204) –
Series B Preferred Stock dividends payable in-kind .... – – – – – – (26,874) (26,874)
Accretion of Series C Preferred Stock ......................... – – – 7,137 – – (7,137) –
Issuance of Class A Common Stock:
Exercise of stock options ........................................ 784 8 – – – 2,488 –2,496
Employee benefits ................................................... 400 4 – – – 2,287 –2,291
Employee Stock Purchase Plan............................... 64 – – – – 371 –371
Unrealized holding gains on available-for-sale
securities, net ........................................................... – – – – – – 19 19
Net loss ......................................................................... – – – – – – (260,882) (260,882)
Balance, December 31, 1998 ............................................ 180,488 1,805 20,807 108,666 –230,275 (733,093) (371,540)
Series A Preferred Stock dividends (at $0.75 per
share) ........................................................................ – – 124 – – – (124) –
Retirement of Series A Preferred Stock ....................... – – (20,931) – – – (70,003) (90,934)
Series B Preferred Stock dividends payable in-kind .... – – – – – – (241) (241)
Accretion of Series C Preferred Stock ......................... – – – 6,335 – – (6,335) –
Series C Preferred Stock dividends (at $0.84375 per
share, per quarter)..................................................... – – – – – – (553) (553)
Conversion of Series C Preferred Stock ..................... 11,416 114 –(69,567) –69,453 – –
Proceeds from Series C Preferred Stock deposit
account...................................................................... 23 – – – – 953 2955
Issuance of Class A Common Stock:
Acquisition of Media4............................................. 688 7 – – – 9,600 –9,607
News Corporation and MCI transaction ................ 34,412 344 – – – 1,123,976 –1,124,320
Exercise of stock options ........................................ 1,934 19 – – – 7,145 –7,164
Employee benefits ................................................... 278 3 – – – 3,792 –3,795
Employee Stock Purchase Plan............................... 22 – – – – 796 –796
Deferred stock-based compensation ........................... – – – – (178,840) 178,840 – –
Deferred stock-based compensation recognized........ – – – – 61,060 –61,060
Net loss ......................................................................... – – – – – – (792,847) (792,847)
Balance, December 31, 1999 ............................................ 229,261 $2,292 $ – $ 45,434 $(117,780) $1,624,830 $(1,603,194) $ (48,418)