XM Radio 2000 Annual Report Download - page 31

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XM SATELLiTE RADiO 2000 Annual Report
FiNANCiALS 2000
29
CONSOLiDATED STATEMENTS OF OPERATiONS
(In thousands, except share data)
Revenue ...................................................................................... $ — $ — $ — $ —
Operating expenses:
Research and development........................................................ 6,941 4,274 7,397 18,612
Professional fees ...................................................................... 5,242 9,969 22,836 39,137
General and administrative ........................................................ 4,010 16,448 49,246 69,724
Total operating expenses ...................................................... 16,193 30,691 79,479 127,473
Operating loss.............................................................................. (16,193) (30,691) (79,479) (127,473)
Other income (expense):
Interest income ........................................................................ 26 2,916 27,606 30,548
Interest expense ...................................................................... —(9,121) —(9,670)
Net loss .............................................................................. $ (16,167) $ (36,896) $ (51,873) $ (106,595)
8.25% Series B preferred stock dividend requirement .................... ——(5,935)
8.25% Series C preferred stock dividend requirement .................... ——(9,277)
Series B preferred stock deemed dividend .................................... ——(11,211)
Series C preferred stock beneficial conversion feature .................... ——(123,042)
Net loss attributable to common stockholders ........................ $ (16,167) $ (36,896) $ (201,338)
Net loss per share:
Basic and diluted ...................................................................... $ (2.42) $ (2.40) $ (4.15)
Weighted average shares used in computing net
loss per share-basic and diluted ................................................ 6,689,250 15,344,102 48,508,042
See accompanying notes to consolidated financial statements.
December
15, 1992
(Date of
Inception) to
December 31,
2000
200019991998