XM Radio 1999 Annual Report Download - page 32

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30 XM RADiO
CONSOLiDATED STATEMENTS OF STOCKHOLDERS’ EQUiTY (DEFiCiT)
............................................................................................
............................................................................................ Series A Class A
............................................................................................ Preferred Stock Common Stock
............................................................................................
............................................................................................ Shares Amount Shares Amount
............................................................................................
Issuance of common stock
(December 15, 1992).................................................................. — $ — — $ —
Balance at December 31, 1992 ................................................... — — — —
Net loss...................................................................................... — — — —
Balance at December 31, 1993 ................................................... — — — —
Net loss...................................................................................... — — — —
Balance at December 31, 1994 ................................................... — — — —
Net loss...................................................................................... — — — —
Balance at December 31, 1995 ................................................... — — — —
Net loss...................................................................................... — — — —
Balance at December 31, 1996 ................................................... — — — —
Contributions to paid-in capital...................................................... — — — —
Issuance of common stock and capital contributions...................... — — — —
Issuance of options...................................................................... — — — —
Net loss...................................................................................... — — — —
Balance at December 31, 1997 ................................................... — — — —
Net loss...................................................................................... — — — —
Balance at December 31, 1998 ................................................... — — — —
53,514-for-one stock split ............................................................ — — — —
Initial public offering..................................................................... — — 10,241,000 102
Conversion of Series A convertible debt........................................ 10,786,504 108 16,179,755 162
Conversion of subordinated convertible notes payable
to related party ................................................................... — — — —
Issuance of shares to key executive.............................................. — — 14,716 —
Issuance of shares through exercise of stock options .................... — — 1,071 —
Issuance of shares through the employee stock
purchase plan ..................................................................... — — 28,791 1
Increase in FCC license, goodwill and intangibles from
WorldSpace Transaction....................................................... — — — —
Charge for beneficial conversion feature of note issued
to Parent ............................................................................ — — — —
Non-cash stock compensation ...................................................... — — — —
Net loss...................................................................................... — — — —
Balance at December 31, 1999 ................................................... 10,786,504 $ 108 26,465,333 $ 265
See accompanying notes to consolidated financial statements.