NOTE 8 – MEMBER’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 member’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	)

⁽¹⁾

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 Class A 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 tax benefit,” respectively. The net difference of $82.3 million is reported as a reduction of “Other comprehensive income (loss).”