Coca Cola 2004 Annual Report Download - page 67

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CONSOLIDATED STATEMENTS OF SHAREOWNERS’ EQUITY
The Coca-Cola Company and Subsidiaries
Year Ended December 31, 2004 2003 2002
(In millions except per share data)
NUMBER OF COMMON SHARES OUTSTANDING
Balance at beginning of year 2,442 2,471 2,486
Stock issued to employees exercising stock options 543
Purchases of stock for treasury1(38) (33) (14)
Adoption of SFAS No. 123 ——(4)
Balance at end of year 2,409 2,442 2,471
COMMON STOCK
Balance at beginning of year $ 874 $ 873 $ 873
Stock issued to employees exercising stock options 111
Adoption of SFAS No. 123 ——(1)
Balance at end of year 875 874 873
CAPITAL SURPLUS
Balance at beginning of year 4,395 3,857 3,520
Stock issued to employees exercising stock options 175 105 111
Tax benefit from employees’ stock option and restricted stock plans 13 11 11
Stock-based compensation 345 422 365
Adoption of SFAS No. 123 —— (150)
Balance at end of year 4,928 4,395 3,857
REINVESTED EARNINGS
Balance at beginning of year 26,687 24,506 23,443
Net income 4,847 4,347 3,050
Dividends (per share—$1.00, $0.88 and $0.80 in 2004, 2003 and 2002, respectively) (2,429) (2,166) (1,987)
Balance at end of year 29,105 26,687 24,506
OUTSTANDING RESTRICTED STOCK
Balance at beginning of year —— (150)
Adoption of SFAS No. 123 —— 150
Balance at end of year ———
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance at beginning of year (1,995) (3,047) (2,638)
Net foreign currency translation adjustment 665 921 (95)
Net loss on derivatives (3) (33) (186)
Net change in unrealized gain on available-for-sale securities 39 40 67
Net change in minimum pension liability (54) 124 (195)
Net other comprehensive income adjustments 647 1,052 (409)
Balance at end of year (1,348) (1,995) (3,047)
TREASURY STOCK
Balance at beginning of year (15,871) (14,389) (13,682)
Purchases of treasury stock (1,754) (1,482) (707)
Balance at end of year (17,625) (15,871) (14,389)
TOTAL SHAREOWNERS’ EQUITY $ 15,935 $ 14,090 $ 11,800
COMPREHENSIVE INCOME
Net income $ 4,847 $ 4,347 $ 3,050
Net other comprehensive income adjustments 647 1,052 (409)
TOTAL COMPREHENSIVE INCOME $ 5,494 $ 5,399 $ 2,641
1Common stock purchased from employees exercising stock options numbered 0.4 million, 0.4 million and 0.2 million shares for the
years ended December 31, 2004, 2003 and 2002, respectively.
Refer to Notes to Consolidated Financial Statements.
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