Apple 2002 Annual Report Download - page 40

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See accompanying notes to consolidated financial statements.
50
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(In millions, except share amounts which are in thousands)
Total other income and expense
70
292
570
Income (loss) before provision for income taxes
87
(52
)
1,092
Provision for (benefit from) income taxes
22
(15
)
306
Income (loss) before accounting change
65
(37
)
786
Cumulative effect of accounting change, net of income taxes of $5
—
12
—
Net income (loss)
$
65
$
(25
)
$
786
Earnings (loss) per common share before accounting change:
Basic
$
0.18
$
(0.11
)
$
2.42
Diluted
$
0.18
$
(0.11
)
$
2.18
Earnings (loss) per common share:
Basic
$
0.18
$
(0.07
)
$
2.42
Diluted
$
0.18
$
(0.07
)
$
2.18
Shares used in computing earnings (loss) per share (in thousands):
Basic
355,022
345,613
324,568
Diluted
361,785
345,613
360,324
Preferred Stock
Common Stock
Acquisition-
Related
Deferred Stock
Compensation
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
Shareholders'
Equity
Shares
Amount
Shares
Amount
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
)
Change in unrealized gain on
available-for-sale securities, net of
tax
—
—
—
—
—
—
155
155
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 stock options — — —
110
— — —
110
Balances as of September 30, 2000
76
$
76
335,677
$
1,502
$
2,285
$ — $
244
$
4,107
Components of comprehensive income
(loss):
Net income (loss)
(25
)
(25
)
Foreign currency translation
—
—
—
—
—
—
(
3
)
(3
)
Change in unrealized gain on
available-for-sale securities, net of
tax — — — — — — (
267
)
(267
)
Change in unrealized gain on
derivative investments, net of tax — — — — — —
4
4
Total comprehensive income
(loss)
(291
)