XM Radio 2011 Annual Report Download - page 93

SIRIUS XM RADIO INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME (LOSS)
Series A Convertible
Preferred Stock
Convertible
Perpetual
Preferred Stock,
Series B-1 Common Stock
Accumulated
Other
Comprehensive
Income (loss)
Additional
Paid-in
Capital
Accumulated
Deficit
Total
Stockholders’
EquityShares Amount Shares Amount Shares Amount
(in thousands, except share and per share data)
Balance at January 1, 2009 .............. 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
Net income .......................... 43,055 43,055
Other comprehensive income:
Unrealized gain on available-for-sale
securities ........................ — — — — — — 469 — — 469
Foreign currency translation adjustment,
netoftaxof$63 .................. — — — — — — 251 — — 251
Total comprehensive income ............ — — — — — — — — — 43,775
Issuance of common stock to employees and
employee benefit plans, net of
forfeitures ......................... — — — — 6,175,089 6 — 5,265 — 5,271
Share-based payment expense ........... — — — — — — — 52,229 — 52,229
Exercise of options and vesting of restricted
stock units ......................... — — — — 19,551,977 20 — 10,819 — 10,839
Conversion of preferred stock to common
stock .............................(24,808,959) (25) — — 24,808,959 25 — — — —
Balance at December 31, 2010 ........... — $— 12,500,000 $13 3,933,195,112 $3,933 $(5,861) $10,420,604 $(10,211,053) $ 207,636
Net income .......................... 426,961 426,961
Other comprehensive income:
Realized loss on XM Canada investment
foreign currency translation
adjustment ....................... — — — — — — 6,072 — — 6,072
Foreign currency translation adjustment,
netoftaxof$11 .................. — — — — — — (140) — — (140)
Total comprehensive income ............ — — — — — — — — — 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
See accompanying notes to the consolidated financial statements.
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