iHeartMedia 2000 Annual Report Download - page 78

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78
Pro forma net income and earnings per share, assuming that the Company had accounted for its employee
stock options using the fair value method and amortized such to expense over the options’ vesting period
is as follows:
2000 1999 1998
Net income before extraordinary item (in thousands)
As reported $ 248,808 $ 85,655 $ 54,031
Pro forma $ 219,898 $ 70,781 $ 47,982
Net income before extraordinary item per common share
Basic:
As reported $ .59 $ .27 $ .23
Pro forma $ .52 $ .23 $ .20
Diluted:
As reported $ .57 $ .26 $ .22
Pro forma $ .50 $ .21 $ .20
Common Stock Reserved for Future Issuance
Common stock is reserved for future issuances of, approximately 55.7 million shares for issuance upon
the various stock option plans to purchase the Company’ s common stock (including 40.1 million options
currently granted), 9.3 million shares for issuance upon conversion of the Company’ s 2.625% Senior
Convertible Notes, 9.5 million for issuance upon conversion of the Company’ s 1.5% Senior Convertible
Notes, 7.0 million for issuance upon conversion of the Company’ s LYONs and 5.5 million for issuance
upon conversion of the Company’ s Common Stock Warrants.