XM Radio 2010 Annual Report Download - page 93

SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
AND COMPREHENSIVE INCOME (LOSS)
Shares Amount Shares Amount Shares Amount
Accumulated
Other
Comprehensive
Loss
Additional
Paid-in
Capital
Accumulated
Deficit
Total
Stockholders’
Equity
(Deficit)
Series A
Convertible
Preferred Stock
Series B
Convertible
Preferred Stock Common Stock
(In thousands, except share and per share data)
Balance at January 1, 2008 . . ...... — $— — $— 1,471,143,570 $1,471 $ — $ 3,604,764 $ (4,398,972) $ (792,737)
Net loss ................... — — — — — — — — (5,316,910) (5,316,910)
Other comprehensive loss:
Unrealized loss on available-for-sale
securities . . . ............. — — — — — — (1,040) — — (1,040)
Foreign currency translation
adjustment, net of tax of $137 .... — — — — — — (6,831) — — (6,831)
Total comprehensive loss.......... (5,324,781)
Common stock issued to XM Satellite
Radio Holdings stockholders ...... — — — — 1,440,858,219 1,441 — 5,459,412 — 5,460,853
Restricted common stock issued to XM
Satellite Radio Holdings
stockholders . . ............. — — — — 29,739,201 30 — 66,598 — 66,628
Issuance of common stock to employees
and employee benefit plans, net of
forfeitures ................. — — — — 5,091,274 5 — 10,841 — 10,846
Issuance of common stock under share
borrow agreements ............ — — — — 262,399,983 262 — — — 262
Series A convertible preferred stock
issued to XM Satellite Radio Holdings
stockholders . . ............. 24,808,959 25 — — — — — 47,070 — 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 ............. — — — 117,442 — — 208 — 208
Exercise of warrants ............ — — — — 899,836 1 — (1) — —
Exercise of XM Satellite Radio Holdings
outstanding warrants ........... — — — — 17,173,644 17 — (17) — —
Exchange of 3.5% Convertible Notes due
2008, including accrued interest .... — — — — 24,131,155 24 — 33,478 — 33,502
Exchange of 2.5% Convertible Notes due
2009, including accrued interest .... — — — — 400,211,513 401 — 208,712 — 209,113
Restricted shares withheld for taxes upon
vesting .................. — — — — — — — (84) — (84)
Adoption of ASU 2009-15 (Refer to
Note 3) .................. — — — — — — — 70,960 — 70,960
Balance at December 31, 2008 ...... 24,808,959 $25 — $— 3,651,765,837 $3,652 $(7,871) $ 9,795,951 $ (9,715,882) $ 75,875
Net loss ................... — — — — — — — — (352,038) (352,038)
Other comprehensive loss:
Unrealized gain on available-for-sale
securities . . . ............. — — — — — — 473 — — 473
Foreign currency translation
adjustment, net of tax of $110 .... — — — — — — 817 — — 817
Total comprehensive loss.......... — — — — — — — — — (350,748)
Issuance of preferred stock — related
party, net of issuance costs . ...... — — 12,500,000 13 — — — 410,179 (186,188) 224,004
Issuance of common stock to employees
and employee benefit plans, net of
forfeitures ................. — — — — 8,511,009 8 — 2,622 — 2,630
Structuring fee on 10% Senior PIK
Secured Notes due 2011 . . . ...... — — — — 59,178,819 59 — 5,859 — 5,918
Share-based payment expense . ...... — — — — — — — 71,388 — 71,388
Returned shares under share borrow
agreements . . . ............. — — — — (60,000,000) (60) — 60 — —
Issuance of restricted stock units in
satisfaction of accrued
compensation . . ............. — — — — 83,803,422 84 — 31,207 — 31,291
Exchange of 2.5% Convertible Notes due
2009, including accrued interest .... — — — — 139,400,000 139 — 35,025 — 35,164
Balance at December 31, 2009 ...... 24,808,959 $25 12,500,000 $13 3,882,659,087 $3,882 $(6,581) $10,352,291 $(10,254,108) $ 95,522
See accompanying notes to the consolidated financial statements.
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