Virgin Media 2010 Annual Report Download - page 101

VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
(in millions)
Accumulated Other
Comprehensive Income (Loss)
Common
Stock $.01
Par Value
Additional
Paid-In
Capital
Comprehensive
Income
(Loss)
Foreign
Currency
Translation
Pension
Liability
Adjustments
Net
(Losses)
Gains on
Derivatives
Accumulated
Deficit Total
Balance, December 31, 2007 ....... £1.8 £4,335.9 £131.4 £ (0.2) £ 17.4 £(1,675.8) £2,810.5
Exercise of stock options and tax
effect ........................ — 0.6 — — — — 0.6
Stock compensation costs .......... — 16.6 — — — — 16.6
Dividends paid ................... — — — — — (29.3) (29.3)
Equity component of convertible
notes ........................ — 108.2 — — — — 108.2
Comprehensive loss:
Net loss for the year ended
December 31, 2008 ............. — — (920.0) — — — (920.0) (920.0)
Currency translation adjustment ..... — — 38.2 38.2 — — — 38.2
Net gains on derivatives, net of tax . . . — — 147.8 — — 147.8 — 147.8
Reclassification of derivative gains to
net income, net of tax ........... — — (125.1) — — (125.1) — (125.1)
Pension liability adjustment, net of
tax .......................... — — (31.3) — (31.3) — — (31.3)
£(890.4)
Balance, December 31, 2008 ...... £1.8 £4,461.3 £169.6 £(31.5) £ 40.1 £(2,625.1) £2,016.2
Exercise of stock options and tax
effect ........................ — 2.5 — — — — 2.5
Stock compensation costs .......... — 19.4 — — — — 19.4
Dividends paid ................... — — — — — (33.3) (33.3)
Comprehensive loss:
Net loss for the year ended
December 31, 2009 ............. — — (357.8) — — — (357.8) (357.8)
Currency translation adjustment ..... — — (9.5) (9.5) — — — (9.5)
Net losses on derivatives, net of tax . . — — (216.6) — — (216.6) — (216.6)
Reclassification of derivative losses to
net income, net of tax ........... — — 121.2 — — 121.2 — 121.2
Pension liability adjustment, net of
tax .......................... — — (50.8) — (50.8) — — (50.8)
£(513.5)
Balance, December 31, 2009 ....... £1.8 £4,483.2 £160.1 £(82.3) £ (55.3) £(3,016.2) £1,491.3
Exercise of stock options and tax
effect ........................ — 16.9 — — — — 16.9
Repurchase of common stock ....... — (154.3) — — — (7.2) (161.5)
Stock compensation costs .......... — 29.4 — — — — 29.4
Dividends paid ................... — — — — — (34.1) (34.1)
Comprehensive loss:
Net loss for the year ended
December 31, 2010 ............. — — (141.4) — — — (141.4) (141.4)
Currency translation adjustment ..... — — 2.5 2.5 — — — 2.5
Net gains on derivatives, net of tax . . . — — 75.1 — — 75.1 — 75.1
Reclassification of derivative gains to
net income, net of tax ........... — — (29.0) — — (29.0) — (29.0)
Pension liability adjustment, net of
tax .......................... — — 15.4 — 15.4 — — 15.4
£ (77.4)
Balance, December 31, 2010 ....... £1.8 £4,375.2 £162.6 £(66.9) £ (9.2) £(3,198.9) £1,264.6
See accompanying notes.
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