Coca Cola 2005 Annual Report Download - page 69

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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREOWNERS’ EQUITY
Year Ended December 31, 2005 2004 2003
(In millions except per share data)
NUMBER OF COMMON SHARES OUTSTANDING
Balance at beginning of year 2,409 2,442 2,471
Stock issued to employees exercising stock options 754
Purchases of stock for treasury1(47) (38) (33)
Balance at end of year 2,369 2,409 2,442
COMMON STOCK
Balance at beginning of year $ 875 $ 874 $ 873
Stock issued to employees exercising stock options 211
Balance at end of year 877 875 874
CAPITAL SURPLUS
Balance at beginning of year 4,928 4,395 3,857
Stock issued to employees exercising stock options 229 175 105
Tax benefit from employees’ stock option and restricted stock plans 11 13 11
Stock-based compensation 324 345 422
Balance at end of year 5,492 4,928 4,395
REINVESTED EARNINGS
Balance at beginning of year 29,105 26,687 24,506
Net income 4,872 4,847 4,347
Dividends (per share — $1.12, $1.00 and $0.88 in 2005, 2004 and 2003, respectively) (2,678) (2,429) (2,166)
Balance at end of year 31,299 29,105 26,687
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance at beginning of year (1,348) (1,995) (3,047)
Net foreign currency translation adjustment (396) 665 921
Net gain (loss) on derivatives 57 (3) (33)
Net change in unrealized gain on available-for-sale securities 13 39 40
Net change in minimum pension liability 5(54) 124
Net other comprehensive income adjustments (321) 647 1,052
Balance at end of year (1,669) (1,348) (1,995)
TREASURY STOCK
Balance at beginning of year (17,625) (15,871) (14,389)
Purchases of treasury stock (2,019) (1,754) (1,482)
Balance at end of year (19,644) (17,625) (15,871)
TOTAL SHAREOWNERS’ EQUITY $ 16,355 $ 15,935 $ 14,090
COMPREHENSIVE INCOME
Net income $ 4,872 $ 4,847 $ 4,347
Net other comprehensive income adjustments (321) 647 1,052
TOTAL COMPREHENSIVE INCOME $ 4,551 $ 5,494 $ 5,399
1Common stock purchased from employees exercising stock options numbered 0.5 shares, 0.4 shares and 0.4 shares for the years
ended December 31, 2005, 2004 and 2003, respectively.
Refer to Notes to Consolidated Financial Statements.
67