Apple 2000 Annual Report Download - page 38

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(IN MILLIONS, EXCEPT SHARE AMOUNTS WHICH ARE IN THOUSANDS)
See accompanying notes to consolidated financial statements.
35
ACCUMULATED
PREFERRED STOCK COMMON STOCK OTHER TOTAL
------------------- ------------------- RETAINED COMPREHENSIVE SHAREHOLDERS'
SHARES AMOUNT SHARES AMOUNT EARNINGS INCOME (LOSS) EQUITY
-------- -------- -------- -------- -------- -------------- -------------
Balances as of September 26, 1997......... 150 $150 255,898 $ 498 $ 589 $ (37) $1,200
Components of comprehensive income:
Net income............................ -- -- -- -- 309 -- 309
Foreign currency translation.......... -- -- -- -- -- (2) (2)
------
Total comprehensive income.......... 307
Common stock issued under stock option
and purchase plans.................... -- -- 6,170 41 -- -- 41
Common stock issued in connection with
the acquisition of certain assets of
PCC................................... -- -- 8,318 80 -- -- 80
Tax benefit related to disqualifying
dispositions of stock options......... -- -- -- 14 -- -- 14
--- ---- ------- ------ ------ ----- ------
Balances as of September 25, 1998......... 150 150 270,386 633 898 (39) 1,642
Components of comprehensive income:
Net income............................ 601 601
Foreign currency translation.......... -- -- -- -- -- 3 3
Unrealized gain on available-for-sale
securities, net of tax.............. -- -- -- -- -- 318 318
Reclassification adjustment for gains
on available- for-sale securities
included in net income.............. -- -- -- -- -- (176) (176)
------
Total comprehensive income.......... 746
Common stock issued under stock option
and purchase plans.................... -- -- 8,428 86 -- -- 86
Common stock issued in connection with
the Company's redemption of long-term
debt.................................. -- -- 45,284 654 -- -- 654
Common stock repurchased................ -- -- (2,500) (75) -- -- (75)
Tax benefit related to disqualifying
dispositions of stock options......... -- -- -- 51 -- -- 51
--- ---- ------- ------ ------ ----- ------
Balances as of September 25, 1999......... 150 150 321,598 1,349 1,499 106 3,104
Components of comprehensive income:
Net income............................ 786 786
Foreign currency translation.......... -- -- -- -- -- (17) (17)
Unrealized gain on available-for-sale
securities, net of tax.............. -- -- -- -- -- 427 427
Reclassification adjustment for gains
on available- for-sale securities
included in net income.............. -- -- -- -- -- (272) (272)
------
Total comprehensive income.......... 924
Common stock issued under stock option
and purchase plans.................... -- -- 7,632 85 -- -- 85
Conversion of Series A preferred
stock................................. (74) (74) 9,000 74 -- -- --
Common stock repurchased................ -- -- (2,553) (116) -- -- (116)
Tax benefit related to disqualifying
dispositions of stock options......... -- -- -- 110 -- -- 110
--- ---- ------- ------ ------ ----- ------
Balances as of September 30, 2000......... 76 $ 76 335,677 $1,502 $2,285 $ 244 $4,107
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