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CONSOLIDATED STATEMENTS OF CHANGES IN MEMBER’S DEFICIT OF
CLEAR CHANNEL CAPITAL I, LLC
See Notes to Consolidated Financial Statements
72
Controlling Interest
Accumulated
Non-
Other
controlling
Member's
Retained
Comprehensive
(In thousands, except share data)
Interest
Interest
Deficit
Income (Loss)
Total
Balances at December 31, 2009
$ 455,648
$ 2,109,007
$ (9,076,084)
$ (333,309)
$ (6,844,738)
Net income (loss)
16,236
-
(479,089)
-
(462,853)
Shares issued through stock purchase agreement
-
5,000
-
-
5,000
Issuance (forfeiture) of restricted stock
792
(1,908)
-
-
(1,116)
Amortization of share-based compensation
12,046
22,200
-
-
34,246
Other
(2,659)
(5,916)
-
-
(8,575)
Other comprehensive income
8,857
-
-
64,493
73,350
Balances at December 31, 2010
$ 490,920
$ 2,128,383
$ (9,555,173)
$ (268,816)
$ (7,204,686)
Net income (loss)
34,065
-
(302,094)
-
(268,029)
Issuance (forfeiture) of restricted stock
735
(305)
-
-
430
Amortization of share-based compensation
10,705
9,962
-
-
20,667
Purchases of additional noncontrolling interest
(14,428)
(5,492)
-
(594)
(20,514)
Other
(4,527)
(2,973)
-
-
(7,500)
Other comprehensive income
4,324
-
-
3,367
7,691
Balances at December 31, 2011
$ 521,794
$ 2,129,575
$ (9,857,267)
$ (266,043)
$ (7,471,941)
Net income (loss)
13,289
-
(424,479)
-
(411,190)
Issuance (forfeiture) of restricted stock
6381
(3,290)
-
-
3,091
Amortization of share-based compensation
10,589
17,951
-
-
28,540
Purchases of additional noncontrolling interest
28
-
-
-
28
Dividend declared and paid ($6.0832/share)
(244,734)
-
-
-
(244,734)
Other
(9,228)
(8,394)
-
-
(17,622)
Other comprehensive income
5,878
-
-
112,759
118,637
Balances at December 31, 2012
$ 303,997
$ 2,135,842
$ (10,281,746)
$ (153,284)
$ (7,995,191)