XM Radio 2013 Annual Report Download - page 93

SIRIUS XM RADIO INC. AND SUBSIDIARIES
(a wholly-owned subsidiary of Sirius XM Holdings Inc.)
CONSOLIDATED STATEMENT OF STOCKHOLDER EQUITY
Convertible
Perpetual
Preferred Stock,
Series B-1 Common Stock
Accumulated
Other
Comprehensive
Income (Loss)
Additional
Paid-in
Capital
Treasury Stock Accumulated
Deficit
Total
Stockholder
Equity(in thousands, except share data) Shares Amount Shares Amount Shares Amount
Balance at January 1, 2011 ......................12,500,000 $13 3,933,195,112 $ 3,933 $(5,861) $10,420,604 — $ — $(10,211,053) $ 207,636 Comprehensive income, net of tax ................ — — — — 5,932 — — — 426,961 432,893 Issuance of common stock to employees and employee
benefit plans, net of forfeitures ................. — — 1,882,801 2 — 3,480 — — — 3,482
Share-based payment expense .................... — — — — — 48,581 — — — 48,581 Exercise of options and vesting of restricted stock
units ...................................... — — 13,401,048 13 — 11,540 — — — 11,553
Issuance of common stock upon exercise of
warrants ................................... — — 7,122,951 7 — (7) — — — —
Return of shares under share borrow agreements ..... — — (202,399,983) (202) — 202 — — — —
Balance at December 31, 2011 ...................12,500,000 $13 3,753,201,929 $ 3,753 $ 71 $10,484,400 — $ — $ (9,784,092) $ 704,145 Comprehensive income, net of tax ................ — — — — 49 — — 3,472,702 3,472,751 Issuance of common stock to employees and employee
benefit plans, net of forfeitures ................. — — 1,571,175 2 — 3,521 — — — 3,523
Share-based payment expense .................... — — — — — 60,299 — — — 60,299 Exercise of options ............................. — — 214,199,297 214 — 125,695 — — — 125,909
Cash dividends paid on common shares ($0.05) ...... — — — — — (262,387) — — — (262,387) Cash dividends paid on preferred shares ............ — — — — — (64,675) — — — (64,675) Conversion of preferred stock to common stock on as-
converted basis .............................. (6,249,900) (7) 1,293,467,684 1,294 — (1,287) — — — —
Balance at December 31, 2012 ................... 6,250,100 $ 6 5,262,440,085 $ 5,263 $ 120 $10,345,566 — $ — $ (6,311,390) $ 4,039,565 Comprehensive income, net of tax ................ — — — — (428) — — — (66,494) (66,922) Share-based payment expense .................... — — — — — 58,903 — — — 58,903 Exercise of options and vesting of restricted stock
units ...................................... — — 29,157,786 28 — 19,249 — — — 19,277
Minimum withholding taxes on net share settlement of
stock-based compensation ..................... — — — — — (31,941) — — — (31,941)
Conversion of preferred stock to common stock ...... (6,250,100) (6) 1,293,509,076 1,293 — (1,287) — — — —
Conversion of Exchangeable Notes to common
stock ...................................... — — 27,687,850 28 — 45,069 — — — 45,097
Common stock repurchased ...................... — — — — — — 520,257,866 (1,764,969) — (1,764,969) Common stock retired .......................... — — (520,257,866) (520) — (1,764,449) (520,257,866) 1,764,969 — —
Transfer of common stock to Sirius XM Holdings
Inc. ....................................... — — (6,092,536,931) (6,092) — 6,092 — — — —
Transfer of forward contract to Sirius XM Holdings
Inc. ....................................... — — — — — (4,964) — — — (4,964)
Initial value of forward contract .................. — — — — — 7,300 — — — 7,300 Common stock issued by Sirius XM Radio Inc. to
Sirius XM Holdings Inc. ...................... — — 1,000 — — — — — — —
Balance at December 31, 2013 ................... — $— 1,000 $ — $ (308) $ 8,679,538 — $ — $ (6,377,884) $ 2,301,346
See accompanying notes to the consolidated financial statements.
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