XM Radio 2009 Annual Report Download - page 161

SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
AND COMPREHENSIVE LOSS
Shares Amount Shares Amount Shares Amount
Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Total
Stockholders’
Equity
Series A
Convertible
Preferred Stock
Series B
Convertible
Preferred Stock Common Stock
(In thousands, except share and per share data)
Balance at January 1, 2007 . . . . . . . . . . . . . . — $— — $— 1,434,635,501 $1,435 $ 3,443,214 $ (3,833,720) $ — $ (389,071)
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — (565,252) — (565,252)
Other comprehensive income: . . . . . . . . . . . . . — — — — — — — — — —
Total comprehensive loss . . . . . . . . . . . . . . . (565,252)
Issuance of common stock to employees and
employee benefit plans . . . . . . . . . . . . . . . — — — — 4,279,097 4 19,242 — — 19,246
Issuance of common stock to third parties . . . . . . — — — — 22,058,824 22 82,919 — — 82,941
Compensation in connection with the issuance of
stock-based awards . . . . . . . . . . . . . . . . . — — — — — — 52,683 — — 52,683
Exercise of options, $2.79 to $4.16 per share . . . . . — — — — 2,859,232 3 3,529 — — 3,532
Exercise of warrants, $1.04 to $2.39 per share . . . . — — — — 4,988,726 5 (5) — — —
Exchange of 3
1
⁄ 2 % Convertible Notes due 2008,
including accrued interest . . . . . . . . . . . . . . — — — — 2,321,737 2 3,180 — — 3,182
Exchange of 2
1
⁄ 2 % Convertible Notes due 2009,
including accrued interest . . . . . . . . . . . . . . — — — — 453 — 2 — — 2
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 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
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . (342,790) (342,790)
Other comprehensive loss:
Unrealized gain on available-for-sale securities . . — — — — — — — — 473 473
Foreign currency translation adjustment . . . . . . — — — — — — — — 817 817
Total comprehensive loss . . . . . . . . . . . . . . . — — — — — — — — — (341,500)
Issuance of preferred stock — related party, net of
issuance costs . . . . . . . . . . . . . . . . . . . . — — 12,500,000 13 — — 410,179 (186,188) — 224,004
Issuance of common stock to employees and
employee benefit plans, net of forfeitures . . . . . — — — — 8,511,009 8 2,622 — — 2,630
Structuring fee on 10% Senior PIK Secured Notes
due 2011 . . . . . . . . . . . . . . . . . . . . . . . — — — — 59,178,819 59 5,859 — — 5,918
Share-based payment expense . . . . . . . . . . . . . — — — — — — 71,388 — — 71,388
Returned shares under share borrow agreements . . . — — — — (60,000,000) (60) 60 — — —
Issuance of restricted stock units in satisfaction of
accrued compensation . . . . . . . . . . . . . . . . — — — — 83,803,422 84 31,207 — — 31,291
Exchange of 2
1
⁄ 2 % Convertible Notes due 2009,
including accrued interest . . . . . . . . . . . . . . — — — — 139,400,000 139 35,025 — — 35,164
Balance at December 31, 2009 . . . . . . . . . . . . 24,808,959 $25 12,500,000 $13 3,882,659,087 $3,882 $10,281,331 $(10,241,238) $(6,581) $ 37,432
See accompanying Notes to the consolidated financial statements.
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