Coca Cola 2007 Annual Report Download - page 71
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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREOWNERS’ EQUITY
Year Ended December 31, 2007 2006 2005
(In millions except per share data)
NUMBER OF COMMON SHARES OUTSTANDING
Balance at beginning of year 2,318 2,369 2,409
Stock issued to employees exercising stock options 847
Purchases of stock for treasury1(35) (55) (47)
Treasury stock issued to employees exercising stock options 23 ——
Treasury stock issued to former shareholders of glacéau 4——
Balance at end of year 2,318 2,318 2,369
COMMON STOCK
Balance at beginning of year $ 878 $ 877 $ 875
Stock issued to employees exercising stock options 212
Balance at end of year 880 878 877
CAPITAL SURPLUS
Balance at beginning of year 5,983 5,492 4,928
Stock issued to employees exercising stock options 1,001 164 229
Tax (charge) benefit from employees’ stock option and restricted stock plans (28) 311
Stock-based compensation 309 324 324
Stock purchased by former shareholders of glacéau 113 ——
Balance at end of year 7,378 5,983 5,492
REINVESTED EARNINGS
Balance at beginning of year 33,468 31,299 29,105
Adjustment for the cumulative effect on prior years of the adoption of Interpretation No. 48 (65) ——
Net income 5,981 5,080 4,872
Dividends (per share—$1.36, $1.24 and $1.12 in 2007, 2006 and 2005, respectively) (3,149) (2,911) (2,678)
Balance at end of year 36,235 33,468 31,299
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance at beginning of year (1,291) (1,669) (1,348)
Net foreign currency translation adjustment 1,575 603 (396)
Net gain (loss) on derivatives (64) (26) 57
Net change in unrealized gain on available-for-sale securities 14 43 13
Net change in pension liability 392 ——
Net change in pension liability, prior to adoption of SFAS No. 158 —46 5
Net other comprehensive income adjustments 1,917 666 (321)
Adjustment to initially apply SFAS No. 158 —(288) —
Balance at end of year 626 (1,291) (1,669)
TREASURY STOCK
Balance at beginning of year (22,118) (19,644) (17,625)
Stock issued to employees exercising stock options 428 ——
Stock purchased by former shareholders of glacéau 66 ——
Purchases of treasury stock (1,751) (2,474) (2,019)
Balance at end of year (23,375) (22,118) (19,644)
TOTAL SHAREOWNERS’ EQUITY $ 21,744 $ 16,920 $ 16,355
COMPREHENSIVE INCOME
Net income $ 5,981 $ 5,080 $ 4,872
Net other comprehensive income adjustments 1,917 666 (321)
TOTAL COMPREHENSIVE INCOME $ 7,898 $ 5,746 $ 4,551
1
Common stock purchased from employees exercising stock options numbered approximately zero shares, zero shares and 0.5 million shares for the years ended
December 31, 2007, 2006 and 2005, respectively.
Refer to Notes to Consolidated Financial Statements.
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