Lowe's 1999 Annual Report Download - page 23

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21
Consolidated Statements of Shareholders’ Equity
In Thousands
Unearned Accumulated
Capital in Compensation Other
Common Stock Excess of Retained Restricted Comprehensive Total
Shares Amount Par Value Earnings Stock Awards Income Equity
Balance January 31, 1997 365,298 $182,649 $1,070,940 $1,287,505 $(18,434) $ (341) $2,522,319
Cumulative Adjustment from
Change in Accounting Method (Note 1) 45,228 45,228
Comprehensive Income:
Net Earnings 383,030
Other Comprehensive Income, Net
of Income Taxes ($268) and Reclassification
Adjustments: Unrealized Gain on
Available-for-Sale Securities 529
Total Comprehensive Income 383,559
Tax Effect of Non-qualified
Stock Options Exercised 875 875
Cash Dividends (38,239) (38,239)
Stock Options Exercised (Note 9) 144 72 1,155 1,227
Stock Issued to ESOP (Note 11) 2,984 1,492 55,136 56,628
Shares Issued to Directors (Note 9) 8 4 153 157
Unearned Compensation – Restricted
Stock Awards (Note 9) 804 402 20,108 (14,260) 6,250
Balance January 30, 1998 369,238 184,619 1,148,367 1,677,524 (32,694) 188 2,978,004
Comprehensive Income:
Net Earnings 500,374
Other Comprehensive Income, Net
of Income Taxes and Reclassification
Adjustments: Unrealized Gain on
Available-for-Sale Securities (Note 9) 229
Total Comprehensive Income 500,603
Tax Effect of Non-qualified
Stock Options Exercised 4,371 4,371
Cash Dividends (41,171) (41,171)
Stock Options Exercised (Note 9) 676 338 12,853 13,191
Stock Issued to ESOP (Note 11) 1,666 833 59,691 60,524
Conversion of Convertible Debt to Stock 3,060 1,530 84,862 86,392
Shares Issued to Directors (Note 9) 12 6 469 475
Unearned Compensation – Restricted
Stock Awards (Note 9) (264) (132) 15,203 2,307 17,378
Balance January 29, 1999 374,388 187,194 1,325,816 2,136,727 (30,387) 417 3,619,767
Comprehensive Income:
Net Earnings 672,795
Other Comprehensive Income, Net
of Income Taxes and Reclassification
Adjustments: Unrealized Loss on
Available-for-Sale Securities (Note 9) (837)
Total Comprehensive Income 671,958
Tax Effect of Non-qualified
Stock Options Exercised 9,888 9,888
Cash Dividends (47,558) (47,558)
Common Stock Offering 6,207 3,103 345,197 348,300
Stock Options Exercised (Note 9) 832 416 20,620 21,036
Stock Issued to ESOP (Note 11) 1,078 539 58,973 59,512
Shares Issued to Directors (Note 9) 16 8 43 51
Unearned Compensation – Restricted
Stock Awards (Note 9) (162) (81) (4,921) 17,519 12,517
Balance January 28, 2000 382,359 $191,179 $1,755,616 $2,761,964 $(12,868) $ (420) $4,695,471
See accompanying notes to consolidated financial statements.