Avon 2003 Annual Report Download - page 41

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Consolidated Statements of Changes in Shareholders’ Equity (Deficit)
financial statements
Accumulated
Additional Other
Common Stock Paid-In Retained Comprehensive Treasury Stock
In millions, except share data Shares Amount Capital Earnings Loss Shares Amount Total
Balance at December 31, 2000 354,535,840 $88.6 $824.1 $1,124.7 $(399.1) 116,373,400 $(1,869.2) $(230.9)
Comprehensive income:
Net income 444.6 444.6
Foreign currency translation adjustments (50.6) (50.6)
Unrealized loss from available-for-sale
securities, net of taxes of $1.4 (2.6) (2.6)
Minimum pension liability adjustment,
net of taxes of $17.7 (35.0) (35.0)
Net derivative losses on cash flow hedges,
net of taxes of $1.2 (2.2) (2.2)
Total comprehensive income 354.2
Dividends – $.76 per share (179.9) (179.9)
Exercise of stock options, including
tax benefits of $8.3 1,626,233 .4 55.0 55.4
Repurchase of common stock 3,258,174 (132.9) (132.9)
Grant, cancellation and amortization
of restricted stock 150,607 .1 7.9 8.0
Share repurchase commitments 51.0 51.0
Balance at December 31, 2001 356,312,680 89.1 938.0 1,389.4 (489.5) 119,631,574 (2,002.1) (75.1)
Comprehensive income:
Net income 534.6 534.6
Foreign currency translation adjustments (58.1) (58.1)
Unrealized loss from available-for-sale
securities, net of taxes of $2.4 (4.4) (4.4)
Minimum pension liability adjustment,
net of taxes of $108.6 (239.0) (239.0)
Net derivative losses on cash flow hedges,
net of taxes of $.2 (.4) (.4)
Total comprehensive income 232.7
Dividends – $.80 per share (188.7) (188.7)
Exercise of stock options, including tax
benefits of $10.5 1,995,461 .5 74.7 75.2
Repurchase of common stock 3,492,956 (178.6) (178.6)
Grant, cancellation and amortization of
restricted stock 74,021 — 6.8 6.8
Balance at December 31, 2002 358,382,162 89.6 1,019.5 1,735.3 (791.4) 123,124,530 (2,180.7) (127.7)
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