Metro PCS 2008 Annual Report Download - page 107

F-5
MetroPCS Communications, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
For the Years Ended December 31, 2008, 2007 and 2006
(in thousands, except share information)
Number
of Shares Amount
Additional
Paid-In
Capital
Deferred
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss) Total
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
Common Stock issued................................................... 31,230 — 354 — — — 354
Exercise of Common Stock options.............................. 2,562,056 — 9,706 — — — 9,706
Issuance of Common Stock through initial public
offering, net of issuance costs ..................................... 37,500,000 4 818,262 — — — 818,266
Conversion of Series D Preferred Stock ....................... 144,857,320 14 449,999 — — — 450,013
Conversion of Series E Preferred Stock ....................... 6,105,324 1 52,170 — — — 52,171
Stock-based compensation............................................ — — 28,024 — — — 28,024
Accrued dividends on Series D Preferred Stock........... — — — — (6,499) — (6,499)
Accrued dividends on Series E Preferred Stock ........... — — — — (929) — (929)
Accretion on Series D Preferred Stock ......................... — — — — (148) — (148)
Accretion on Series E Preferred Stock ......................... — — — — (106) — (106)
Reduction due to the tax impact of Common Stock
option forfeitures ......................................................... — — (61) — — — (61)
Net income .................................................................... — — — — 100,403 — 100,403
Unrealized gains on available-for-sale securities, net
of tax ............................................................................ — — — — — 6,640 6,640
Unrealized losses on cash flow hedging derivatives,
net of tax ...................................................................... — — — — — (13,614) (13,614)
Reclassification adjustment for gains included in net
income, net of tax ........................................................ — — — — — (8,719) (8,719)
BALANCE, December 31, 2007................................. 348,108,027 $ 35 $1,524,769 $ — $ 338,411 $ (14,469) $1,848,746
The accompanying notes are an integral part of these consolidated financial statements.