XM Radio 2001 Annual Report Download - page 36

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34 XM SATELLiTE RADiO 2 0 0 1 Annual Report
CONSOLiDATED STATEMENTS OF STOCKHOLDERS’ EQUiTY (DEFiCiT)
(In thousands, except share data)
Balance at January 1, 199 9 ........................... —$— —$ — —$—
53,514 -for-one stock split ............................... —— — —— —
Initial public offering ....................................... —— — —— —
Conversion of Series A convertible debt ........... 10,78 6,5 04 108 — —— —
Conversion of subordinated convertible notes
payable to related party ............................. —— — —— —
Increase in DARS license, goodwill
and intangibles .......................................... —— — —— —
Charge for beneficial conversion feature
of note issued to Parent ............................. —— — —— —
Issuance of shares to employees through
stock option and purchase plans ................. —— — —— —
Non-cash stock compensation ......................... —— — —— —
Net loss ......................................................... —— — —— —
Balance at December 31, 199 9 ..................... 10,7 86 ,5 04 $ 108 —$— —$—
Secondary public offering ............................... —— — —— —
Sale of Series B convertible redeemable
preferred stock ........................................... — —2,000,000 20 — —
Sale of Series C convertible redeemable
preferred stock ........................................... — — — — 235,000 2
Incentivized conversion of Series B convertible
redeemable preferred stock......................... — —(1,13 2,71 1) (11 ) — —
Sale of warrants to purchase Class A common
stock ......................................................... — — — — — —
Conversion of Class B common stock ............. — — — — — —
Series B convertible redeemable preferred
stock dividends........................................... — — — — — —
Issuance of shares to employees through
stock option and purchase plans ................. — — — — — —
Non-cash stock compensation ......................... — — — — — —
Net loss ......................................................... — — — — — —
Balance at December 31, 200 0 ..................... 10,7 86 ,5 04 $ 108 867,2 89 $ 9 235,00 0 $ 2
Conversion of Class B common stock ............. — — — — — —
Incentivized conversion of convertible
subordinated notes to Class A
common stock ........................................... —— — —— —
Secondary public offerings ............................. — — — — — —
Series B convertible redeemable preferred
stock dividends........................................... — — — — — —
Issuance of shares to employees through stock
option and purchase plans........................... — — — — — —
Non-cash stock compensation ......................... —— — — — —
Net loss ......................................................... —— — — — —
Balance at December 31, 200 1 ..................... 10,7 86 ,5 04 $ 108 867,2 89 $ 9 235,00 0 $ 2
See accompanying notes to consolidated financial statements.
Series B Convertible
Redeemable Preferred Stock
Series C Convertible
Redeemable Preferred Stock
Series A Convertible
Preferred Stock
Shares Amount Shares Amount Shares Amount
AMERiCA’S FiRST SATELLiTE RADiO SERViCE
81690_XM2001_AR_Financials 4/9/02 12:32 PM Page 16