XM Radio 2008 Annual Report Download - page 57
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Shares Amount Shares Amount
Additional
Paid-in
Capital
Deferred
Compensation
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Total
Stockholders’
Equity
(Deficit)
Series A
Convertible
Preferred Stock Common Stock
(In thousands, except share and per share data)
Balance at December 31, 2007 . . . — $— 1,471,143,570 $1,471 $3,604,764 $ — $(4,398,972) $ — $ (792,737)
Net loss ................. — — — — — — (5,313,288) — (5,313,288)
Other comprehensive loss:
Unrealized loss on available-for-
sale securities . . . ........ — — — — — — — (1,040) (1,040)
Foreign currency translation
adjustment ............. — — — — — — — (6,831) (6,831)
Total comprehensive loss ....... (5,321,159)
Common stock issued to XM
Satellite Radio Holdings
stockholders ............. — — 1,440,858,219 1,441 5,459,412 — — — 5,460,853
Restricted common stock issued to
XM Satellite Radio Holdings
stockholders ............. — — 29,739,201 30 66,598 — — — 66,628
Issuance of common stock to
employees and employee benefit
plans, net of forfeitures ...... — — 5,091,274 5 10,841 — — — 10,846
Issuance of common stock issued
under share borrow agreements. . — — 262,399,983 262 — — — — 262
Series A convertible preferred stock
issued to XM Satellite Radio
Holdings stockholders ....... 24,808,959 25 — — 47,070 — — — 47,095
Compensation in connection with
the issuance of stock-based
awards ................. — — — — 83,610 — — — 83,610
Conversion of XM Satellite Radio
Holdings vested stock-based
awards ................. — — — — 94,616 — — — 94,616
Conversion of XM Satellite Radio
Holdings outstanding warrants . . — — — — 115,784 — — — 115,784
Exercise of options, $1.45 to $3.36
per share ............... — — 117,442 — 208 — — — 208
Exercise of warrants, $2.392 per
share . ................. — — 899,836 1 (1) — — — —
Exercise of XM Satellite Radio
Holdings outstanding warrants . . 17,173,644 17 (17) —
Exchange of 3
1
⁄
2
% Convertible
Notes due 2008, including
accrued interest . . . ........ — — 24,131,155 24 33,478 — — — 33,502
Exchange of 2
1
⁄
2
% Convertible
Notes due 2009, including
accrued interest . . . ........ — — 400,211,513 401 208,712 — — — 209,113
Restricted shares withheld for taxes
upon vesting ............. — — — — (84) — — — (84)
Balance at December 31, 2008 . . . 24,808,959 $25 3,651,765,837 $3,652 $9,724,991 $ — $(9,712,260) $(7,871) $ 8,537
See accompanying Notes to the consolidated financial statements.
F-7
SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(DEFICIT) AND COMPREHENSIVE LOSS — (Continued)