Coca Cola 2008 Annual Report Download - page 78
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THE COCA-COLA COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREOWNERS’ EQUITY
Year Ended December 31, 2008 2007 2006
(In millions except per share data)
NUMBER OF COMMON SHARES OUTSTANDING
Balance at beginning of year 2,318 2,318 2,369
Stock issued to employees exercising stock options —84
Purchases of stock for treasury (18) (35) (55)
Treasury stock issued to employees exercising stock options 12 23 —
Treasury stock issued to former shareholders of glac´
eau —4—
Balance at end of year 2,312 2,318 2,318
COMMON STOCK
Balance at beginning of year $ 880 $ 878 $ 877
Stock issued to employees related to stock compensation plans —21
Balance at end of year 880 880 878
CAPITAL SURPLUS
Balance at beginning of year 7,378 5,983 5,492
Stock issued to employees related to stock compensation plans 324 1,001 164
Tax (charge) benefit from employees’ stock option and restricted stock plans (1) (28) 3
Stock-based compensation 265 309 324
Stock purchased by former shareholders of glac´
eau —113 —
Balance at end of year 7,966 7,378 5,983
REINVESTED EARNINGS
Balance at beginning of year 36,235 33,468 31,299
Adjustment for the cumulative effect on prior years of the measurement provisions of SFAS
No. 158 (8) ——
Adjustment for the cumulative effect on prior years of the adoption of Interpretation No. 48 —(65) —
Net income 5,807 5,981 5,080
Dividends (per share—$1.52, $1.36 and $1.24 in 2008, 2007 and 2006, respectively) (3,521) (3,149) (2,911)
Balance at end of year 38,513 36,235 33,468
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance at beginning of year 626 (1,291) (1,669)
Net foreign currency translation adjustment (2,285) 1,575 603
Net gain (loss) on derivatives 1(64) (26)
Net change in unrealized gain on available-for-sale securities (44) 14 43
Net change in pension liability (972) 392 —
Net change in pension liability, prior to adoption of SFAS No. 158 ——46
Net other comprehensive income adjustments (3,300) 1,917 666
Adjustment to initially apply SFAS No. 158 —— (288)
Balance at end of year (2,674) 626 (1,291)
TREASURY STOCK
Balance at beginning of year (23,375) (22,118) (19,644)
Stock issued to employees related to stock compensation plans 243 428 —
Stock purchased by former shareholders of glac´
eau —66 —
Purchases of treasury stock (1,081) (1,751) (2,474)
Balance at end of year (24,213) (23,375) (22,118)
TOTAL SHAREOWNERS’ EQUITY $ 20,472 $ 21,744 $ 16,920
COMPREHENSIVE INCOME
Net income $ 5,807 $ 5,981 $ 5,080
Net other comprehensive income adjustments (3,300) 1,917 666
TOTAL COMPREHENSIVE INCOME $ 2,507 $ 7,898 $ 5,746
Refer to Notes to Consolidated Financial Statements.
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