American Airlines 1999 Annual Report Download - page 43

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Accumulated
Additional Other
Common Paid–in Treasury Comprehensive Retained
(in millions, except share amounts) Stock Capital Stock Income Earnings Total
Balance at January 1, 1997 $182 $3,075 $ – $(23) $2,434 $5,668
Net earnings – – – – 985 985
Adjustment for minimum pension liability,
net of tax expense of $13 – – – 19 – 19
To tal comprehensive income 1,004
Issuance of 312,140 shares pursuant to
stock option, deferred stock and
restricted stock incentive plans – 13 – – – 13
Issuance of 11,500,000 stock options at
$5 below market value at date of grant – 58 – – – 58
Repurchase of 14,086,750 common shares – – (740) – – (740)
Issuance of 5,005,918 shares from Treasury
pursuant to stock option, deferred stock
and restricted stock incentive plans,
net of tax benefit of $15 – (42) 255 – – 213
Balance at December 31, 1997 182 3,104 (485) (4) 3,419 6,216
Net earnings and total comprehensive income – – – – 1,314 1,314
Repurchase of 14,342,008 common shares – – (944) – – (944)
Issuance of 2,495,148 shares from Treasury
pursuant to stock option, deferred stock
and restricted stock incentive plans,
net of tax benefit of $17 – (29) 141 – – 112
Balance at December 31, 1998 182 3,075 (1,288) (4) 4,733 6,698
Net earnings – – – – 985 985
Adjustment for minimum pension liability,
net of tax expense of $1 – – – 3 – 3
Unrealized loss on investments,
net of tax benefit of $1 – – – (1) – (1)
To tal comprehensive income 987
Repurchase of 14,062,358 common shares – – (871) – – (871)
Issuance of 955,940 shares from Treasury
pursuant to stock option, deferred stock
and restricted stock incentive plans,
net of tax benefit of $4 – (14) 58 – – 44
Balance at December 31, 1999 $182 $3,061 $(2,101) $ (2) $5,718 $6,858
The accompanying notes are an integral part of these financial statements.
42
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY