American Airlines 1997 Annual Report Download - page 53

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AMR CORPORATION
51
Additional
Preferred Common Paid-in Treasury Retained
(in millions, except shares and per share amounts) Stock Stock Capital Stock Other Earnings Total
Balance at January 1, 1995 $78 $ 76 $ 2,212 $ - $ (242) $ 1,256 $ 3,380
Net earnings - - - - - 162 162
Issuance of 507,826 shares pursuant to
stock option, deferred stock and
restricted stock incentive plans - - 27 - - - 27
Adjustment for minimum pension liability,
net of tax benefit of $120 - - - - 198 - 198
Unrealized loss on investments,
net of tax benefit of $28 - - - - (47) - (47)
Balance at December 31, 1995 78 76 2,239 - (91) 1,418 3,720
Net earnings - - - - - 1,016 1,016
Issuance of 13,926,774 shares upon
conversion of convertible subordinated
debentures and preferred stock, net of
conversion fees and issuance costs (78) 14 881 - - - 817
Issuance of 701,828 shares pursuant to
stock option, deferred stock and
restricted stock incentive plans - 1 46 - - - 47
Adjustment for minimum pension liability,
net of tax benefit of $13 - - - - (21) - (21)
Reversal of unrealized loss on investment in
Canadian Airlines International Limited - - - - 91 - 91
Unrealized loss on investments,
net of tax benefit of $1 - - - - (2) - (2)
Balance at December 31, 1996 - 91 3,166 - (23) 2,434 5,668
Net earnings - - - - - 985 985
Issuance of 156,070 shares pursuant to
stock option, deferred stock and
restricted stock incentive plans - - 13 - - - 13
Issuance of 5,750,000 stock options at
$10 below market value at date of grant - - 58 - - - 58
Repurchase of 7,043,375 common shares - - - (740) - - (740)
Issuance of 2,502,959 shares from Treasury
pursuant to stock option, deferred stock
and restricted stock incentive plans,
net of tax benefit of $15 - - (42) 255 - - 213
Adjustment for minimum pension liability,
net of tax expense of $13 - - - - 19 - 19
Balance at December 31, 1997 $ - $ 91 $ 3,195 $ (485) $ (4) $ 3,419 $ 6,216
The accompanying notes are an integral part of these financial statements.
CONSOLI DATED STATEM ENT OF STOCKHOLDERS’ EQUI TY