Shareholder's Deficit And Comprehensive Loss

9 Months Ended

Sep. 30, 2013

Shareholder's Deficit And Comprehensive Loss [Abstract]

Shareholder's Deficit And Comprehensive Loss

NOTE 8 –STOCKHOLDER'S DEFICIT AND COMPREHENSIVE LOSS

The Company reports its noncontrolling interests in consolidated subsidiaries as a component of equity separate from the Company's equity. The following table shows the changes in stockholder's deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total ownership interest:

(In thousands)		The Company		Noncontrolling Interests		Consolidated
Balances at January 1, 2013		$	(8,299,188)	$	303,997	$	(7,995,191)
	Net income (loss)		(297,656)		16,372		(281,284)
	Dividends and other payments to noncontrolling interests (1)		-		(58,942)		(58,942)
	Foreign currency translation adjustments		(26,374)		(2,152)		(28,526)
	Unrealized holding gain on marketable securities		15,594		25		15,619
	Unrealized holding gain on cash flow derivatives		48,180		-		48,180
	Other adjustments to comprehensive loss		(884)		(114)		(998)
	Other, net		6,271		7,872		14,143
	Reclassifications		(83,585)		(168)		(83,753)
Balances at September 30, 2013		$	(8,637,642)	$	266,890	$	(8,370,752)
Balances at January 1, 2012		$	(7,993,735)	$	521,794	$	(7,471,941)
	Net income (loss)		(233,215)		18,807		(214,408)
	Dividends and other payments to noncontrolling interests		-		(247,764)		(247,764)
	Foreign currency translation adjustments		16,867		1,061		17,928
	Unrealized holding gain (loss) on marketable securities		17,522		(123)		17,399
	Unrealized holding gain on cash flow derivatives		36,322		-		36,322
	Other adjustments to comprehensive loss		(473)		(61)		(534)
	Other, net		2,204		13,457		15,661
Balances at September 30, 2012		$	(8,154,508)	$	307,171	$	(7,847,337)

• Included in “Dividends and other payments to noncontrolling interests” are $45.1 million in dividends declared but not yet paid by an entity for which the Company has a controlling financial interest and whose results are consolidated in the Company's financial statements. This amount will be paid by that entity during the fourth quarter of 2013 and, therefore, is accrued in “Other current liabilities” at September 30, 2013.

The Company does not have any compensation plans under which it grants awards to employees. CCMH and CCOH have granted options to purchase shares of their ClassA common stock to certain key individuals, as well as restricted stock and restricted stock units.

Changes in Accumulated Other Comprehensive Loss by Component

In connection with the sale of shares of Sirius XM Radio, Inc. as discussed in Note 5, a realized gain of $130.9 million and income tax expense of $48.6 million were reclassified out of accumulated other comprehensive loss into “Gain on marketable securities” and “Income taxbenefit,” respectively. The net difference of $82.3 million is reported as a reduction of “Other comprehensive income (loss).”