iHeartMedia 2007 Annual Report Download - page 65

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
See Notes to Consolidated Financial Statements
64
Accumulated
Common Additional Other
Shares Common Paid-in Retained Comprehensive Treasury
(In thousands, except share data) Issued Stock Capital (Deficit) Income (Loss) Other Stock Total
Balances at December 31, 2004 567,572,736 $56,757 $29,183,595 $(19,933,777) $194,590 $(213) $(12,874) $9,488,078
Net income 935,662 935,662
Dividends declared (373,296) (373,296)
Spin-off of Live Nation (687,206) (29,447) (716,653)
Gain on sale of subsidiary
common stock 479,699 479,699
Purchase of common shares (1,070,204) (1,070,204)
Treasury shares retired and
cancelle
d
(32,800,471) (3,280) (1,067,175) 1,070,455
—
Exercise of stock options and
other 3,515,498 352 31,012 8,558 39,922
Amortization and adjustment
of deferred compensation 5,800 213 456 6,469
Currency translation
adjustment 28,643 28,643
Unrealized gains (losses) on
cash flow derivatives 56,634 56,634
Unrealized gains (losses) on
investments (48,492) (48,492)
Balances at December 31, 2005 538,287,763 53,829 27,945,725 (19,371,411) 201,928 — (3,609) 8,826,462
Net income 691,517 691,517
Dividends declared (374,471) (374,471)
Subsidiary common stock
issued for a business
ac
q
uisition 67,873 67,873
Purchase of common shares (1,371,462) (1,371,462)
Treasury shares retired and
cancelled (46,729,900) (4,673) (1,367,032) 1,371,705 —
Exercise of stock options and
other 2,424,988 243 60,139 11 60,393
Amortization and adjustment
of deferred compensation 38,982 38,982
Currency translation
adjustment 87,431 87,431
Unrealized gains (losses) on
cash flow derivatives 76,132 76,132
Unrealized gains (losses) on
investments (60,516) (60,516)
Balances at December 31, 2006
493,982,851 49,399 26,745,687 (19,054,365) 304,975 — (3,355)
8,042,341
Cumulative effect of FIN 48
ado
p
tion (152) (152)
Net income 938,507 938,507
Dividends declared (373,133) (373,133)
Exercise of stock options and
other 4,092,566 409 74,827 (1,596) 73,640
Amortization and adjustment
of deferred compensation 37,565 37,565
Currency translation
adjustment 88,823 88,823
Unrealized gains (losses) on
cash flow derivatives (1,688) (1,688)
Unrealized gains (losses) on
investments (8,412) (8,412)
Balances at December 31, 2007 498,075,417 $49,808 $26,858,079 $(18,489,143) $383,698 $ — $(4,951) $8,797,491