XM Radio 2009 Annual Report Download - page 200

SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF
STOCKHOLDERS’ EQUITY (DEFICIT) AND COMPREHENSIVE LOSS
FOR THE YEARS ENDED DECEMBER 31, 2009, 2008 AND 2007
Sirius XM Radio
Inc.
Sirius Asset Mgmt
LLC Satellite CD Radio
Non-
Guarantors Eliminations
Consolidated
Sirius XM
Radio Inc.
(In thousands)
Balance, January 1, 2007 ......................... $ (389,072) $ — $72,841 $ (4,471) $ (68,369) $ (389,071)
Net income (loss) .............................. (565,252) (83) (2,435) (7,629) 10,147 (565,252)
Other comprehensive income (loss) . . . ................ — — — — — —
Total comprehensive loss . . .................... (565,252) (83) (2,435) (7,629) 10,147 (565,252)
Issuance of common stock to employees and employee benefit
plans . ................................... 19,246 — — — — 19,246
Issuance of common stock to third parties ............... 82,941 — — — — 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 . . ........... 3,532 — — — — 3,532
Exchange of 31⁄2% Convertible Notes due 2008, including accrued
interest ................................... 3,182 — — — — 3,182
Exchange of 21⁄2% Convertible Notes due 2009, including accrued
interest ................................... 2 — — — — 2
Balance, December 31, 2007 . . . .................... (792,738) (83) 70,406 (12,100) (58,222) (792,737)
Net income (loss) .............................. (6,859,723) (72) (1,990) (6,444,480) 7,992,977 (5,313,288)
Unrealized gain on available-for-sale securities, net of tax . . . . (1,040) — — (1,040) 1,040 (1,040)
Foreign currency translation adjustment, net of tax . . ...... (6,831) — — (6,831) 6,831 (6,831)
Total comprehensive loss . . .................... (6,867,594) (72) (1,990) (6,452,351) 8,000,848 (5,321,159)
Common stock issued to XM Satellite Radio Holdings
stockholders. . .............................. 5,460,853 — — 5,870,503 (5,870,503) 5,460,853
Restricted common stock issued to XM Satellite Radio Holdings
stockholders. . .............................. 66,628 — — — — 66,628
Issuance of common stock to employees and employee benefit
plans, net of forfeitures ......................... 10,846 — — — — 10,846
Issuance of common stock issued under share borrow
agreements . . .............................. 262 — — — — 262
Series A convertible preferred stock issued to XM Satellite Radio
Holdings stockholders . ......................... 47,095 — — — — 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 . . ........... 208 — — — — 208
Exchange of 31⁄2% Convertible Notes due 2008, including accrued
interest ................................... 33,502 — — — — 33,502
Exchange of 21⁄2% Convertible Notes due 2009, including accrued
interest ................................... 209,113 — — — — 209,113
Restricted shares withheld for taxes upon vesting ........... (84) — — — — (84)
Balance at December 31, 2008 . . .................... $(1,537,899) $(155) $68,416 $ (593,948) $ 2,072,123 $ 8,537
Net income (loss) .............................. (440,518) (262) (2,147) (265,503) 365,640 (342,790)
Other comprehensive loss:
Unrealized gain on available-for-sale securities, net of tax . . . . 473 — — 473 (473) 473
Foreign currency translation adjustment, net of tax . . ...... 817 — — 817 (817) 817
Total comprehensive loss . . .................... (439,228) (262) (2,147) (264,213) 364,350 (341,500)
Issuance of preferred stock — related party, net of issuance
costs . ................................... 224,004 — — — — 224,004
Issuance of common stock to employees and employee benefit
plans, net of forfeitures ......................... 2,630 — — — — 2,630
Structuring fee on 10% Senior PIK Secured Notes due 2011 . . . . 5,918 — — — — 5,918
Share-based payment expense . . .................... 71,388 — — — — 71,388
Issuance of restricted stock units in satisfaction of accrued
compensation . .............................. 31,291 31,291
Exchange of 21⁄2% Convertible Notes due 2009, including accrued
interest ................................... 35,164 35,164
Contributed capital ............................. — — — 119,199 (119,199) —
Balance at December 31, 2009 . . .................... $(1,606,732) $(417) $66,269 $ (738,962) $ 2,317,274 $ 37,432
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SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)