Metro PCS 2007 Annual Report Download - page 104

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F-5
MetroPCS Communications, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
For the Years Ended December 31, 2007, 2006 and 2005
(in thousands, except share information)
Number
of Shares
Amount
Additional
Paid-In
Capital
Subscriptions
Receivable
Deferred
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
BALANCE, December 31, 2004 130,295,781 $ 13 $ 88,484 $ (98) $ (3,331) $ 40,637 $ (271) $ 125,434
Common Stock issued...........................
.
79,437 — 483 — — — — 483
Exercise of Common Stock options......
.
22,669,671 2 8,603 — — — — 8,605
Exercise of Common Stock warrants....
.
2,282,205 — 605 — — — — 605
Accrued interest on subscriptions
receivable .............................................
.
— — 5 (5) — — — —
Proceeds from repayment of
subscriptions receivable.......................
.
— — — 103 — — — 103
Forfeiture of unvested stock
compensation .......................................
.
— — (2,887) — 2,887 — — —
Deferred stock-based compensation .....
.
— — 2,330 — (2,330) — — —
Amortization of deferred stock-based
compensation expense .........................
.
— — — — 2,596 — — 2,596
Accrued dividends on Series D
Preferred Stock ....................................
.
— — — — — (21,006) — (21,006)
Accrued dividends on Series E
Preferred Stock ....................................
.
— — — — — (1,019) — (1,019)
Accretion on Series D Preferred
Stock.....................................................
.
— — — — — (473) — (473)
Accretion on Series E Preferred Stock..
.
— — — — — (114) — (114)
Tax benefits from the exercise of
Common Stock options........................
.
— — 51,961 — — — — 51,961
Net income ............................................
.
— — — — — 198,677 — 198,677
Unrealized losses on available-for-
sale securities, net of tax......................
.
— — — — — — (28) (28)
Reclassification adjustment for losses
included in net income, net of tax........
.
— — — — — — 168 168
Unrealized gain on cash flow hedging
derivative, net of tax ............................
.
— — — — — — 1,914 1,914
BALANCE, December 31, 2005.........
.
155,327,094 $ 15 $ 149,584 $ — $ (178) $ 216,702 $ 1,783 $ 367,906
Common Stock issued...........................
.
49,725 — 314 — — — — 314
Exercise of Common Stock options......
.
1,148,328 1 2,743 — — — — 2,744
Exercise of Common Stock warrants....
.
526,950 — — — — — — —
Reversal of deferred compensation
upon adoption of SFAS No. 123(R) ....
.
— — (178) — 178 — — —
Stock-based compensation ....................
.
— — 14,472 — — — — 14,472
Accrued dividends on Series D
Preferred Stock ....................................
.
— — — — — (21,006) — (21,006)
Accrued dividends on Series E
Preferred Stock ....................................
.
— — — — — (3,000) — (3,000)
Accretion on Series D Preferred
Stock.....................................................
.
— — — — — (473) — (473)
Accretion on Series E Preferred Stock..
.
— — — — — (339) — (339)
Reduction due to the tax impact of
Common Stock option forfeitures .......
.
— — (620) — — — — (620)
Net income ............................................
.
— — — — — 53,806 — 53,806
Unrealized losses on available-for-
sale securities, net of tax......................
.
— — — — — — (1,211) (1,211)
Unrealized gains on cash flow
hedging derivatives, net of tax.............
.
— — — — — — 1,959 1,959
Reclassification adjustment for gains
included in net income, net of tax........
.
— — — — — — (1,307) (1,307)
BALANCE, December 31, 2006.........
.
157,052,097 $ 16 $ 166,315 $ — $ — $ 245,690 $ 1,224 $ 413,245
The accompanying notes are an integral part of these consolidated financial statements.