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SIRIUS XM HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Convertible
Perpetual
Preferred Stock,
Series B-1 Common Stock
Accumulated
Other
Comprehensive
Income (Loss)
Additional
Paid-in
Capital
Treasury Stock Accumulated
Deficit
Total
Stockholders’
Equity(in thousands, except share data) Shares Amount Shares Amount Shares Amount
Balance at January 1, 2011 ................ 12,500,000 $13 3,933,195,112 $3,933 $(5,861) $10,420,604 — $ — $(10,211,053) $ 207,636
Comprehensive income, net of tax ........... — — — — 5,932 — — — 426,961 432,893
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
Comprehensive income, net of tax ........... — — — — 49 — — — 3,472,702 3,472,751
Issuance of common stock to employees and
employee benefit plans, net of forfeitures . . . — — 1,571,175 2 — 3,521 — — — 3,523
Share-based payment expense .............. — — — — — 60,299 — — — 60,299
Exercise of options ....................... — — 214,199,297 214 — 125,695 — — — 125,909
Cash dividends paid on common shares
($0.05) .............................. — — — — — (262,387) — — — (262,387)
Cash dividends paid on preferred shares on as-
converted basis ........................ — — — — — (64,675) — — — (64,675)
Conversion of preferred stock to common
stock ................................ (6,249,900) (7) 1,293,467,684 1,294 — (1,287) — — — —
Balance at December 31, 2012 ............. 6,250,100 $ 6 5,262,440,085 $5,263 $ 120 $10,345,566 — $ — $ (6,311,390) $ 4,039,565
Comprehensive income, net of tax ........... — — — — (428) — — — 377,215 376,787
Share-based payment expense .............. — — — — — 68,876 — — — 68,876
Exercise of options and vesting of restricted
stock units ........................... — — 32,841,381 32 — 19,396 — — — 19,428
Minimum withholding taxes on net share
settlement of stock-based compensation .... — — — — — (46,342) — — — (46,342)
Conversion of preferred stock to common
stock ................................ (6,250,100) (6) 1,293,509,076 1,293 — (1,287) — — — —
Conversion of Exchangeable Notes to common
stock ................................ — — 27,687,850 28 — 45,069 — — — 45,097
Common stock repurchased ................ — — — — — — 520,257,866 (1,764,969) — (1,764,969)
Common stock retired .................... — — (520,257,866) (520) — (1,764,449) (520,257,866) 1,764,969 — —
Initial fair value of forward contract ......... — — — — — 7,300 — — — 7,300
Balance at December 31, 2013 ............. — $— 6,096,220,526 $6,096 $ (308) $ 8,674,129 — $ — $ (5,934,175) $ 2,745,742
See accompanying notes to the consolidated financial statements.
F-6