McDonalds 2008 Annual Report Download - page 45

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CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
Common stock
issued
Accumulated other
comprehensive income (loss) Common stock in
treasury
In millions, except per share data
Additional
paid-in
capital Retained
earnings
Deferred
hedging
adjustment
Foreign
currency
translation
Total
shareholders’
equityShares Amount Pensions Shares Amount
Balance at December 31, 2005 1,660.6 $16.6 $2,720.2 $23,516.0 $ — $(18.5) $ (714.6) (397.4) $(10,373.6) $15,146.1
Net income 3,544.2 3,544.2
Translation adjustments
(including taxes of $95.6) 514.7 514.7
Adjustments to cash flow hedges (including
tax benefits of $0.6) 10.7 10.7
Comprehensive income 4,069.6
Adjustment to initially apply SFAS No. 158
(including tax benefits of $39.2) (89.0) (89.0)
Common stock cash dividends ($1.00 per
share) (1,216.5) (1,216.5)
Treasury stock purchases (98.4) (3,718.9) (3,718.9)
Share-based compensation 122.5 122.5
Stock option exercises and other
(including tax benefits of $125.4) 602.3 1.9 38.9 540.3 1,144.5
Balance at December 31, 2006 1,660.6 16.6 3,445.0 25,845.6 (89.0) (7.8) (199.9) (456.9) (13,552.2) 15,458.3
Net income 2,395.1 2,395.1
Translation adjustments (including taxes of
$41.7) 804.8 804.8
Latam historical translation adjustments 769.5 769.5
Adjustments to cash flow hedges (including
taxes of $2.9) 8.5 8.5
Adjustments related to pensions (including
taxes of $19.7) 51.3 51.3
Comprehensive income 4,029.2
Common stock cash dividends ($1.50 per
share) (1,765.6) (1,765.6)
Treasury stock purchases (77.1) (3,948.8) (3,948.8)
Share-based compensation 142.4 142.4
Adjustment to initially apply EITF 06-2
(including tax benefits of $18.1) (36.1) (36.1)
Adjustment to initially apply FIN 48 20.1 20.1
Stock option exercises and other
(including tax benefits of $246.8) 639.3 2.4 38.7 738.6 1,380.3
Balance at December 31, 2007 1,660.6 16.6 4,226.7 26,461.5 (37.7) 0.7 1,374.4 (495.3) (16,762.4) 15,279.8
Net income 4,313.2 4,313.2
Translation adjustments
(including tax benefits of $190.4) (1,223.0) (1,223.0)
Adjustments to cash flow hedges (including
taxes of $29.9) 47.3 47.3
Adjustments related to pensions
(including tax benefits of $29.4) (60.4) (60.4)
Comprehensive income 3,077.1
Common stock cash dividends ($1.625 per
share) (1,823.4) (1,823.4)
Treasury stock purchases (69.7) (3,980.9) (3,980.9)
Share-based compensation 109.6 109.6
Stock option exercises and other
(including tax benefits of $169.0) 263.9 2.6 19.7 453.9 720.4
Balance at December 31, 2008 1,660.6 $16.6 $4,600.2 $28,953.9 $(98.1) $ 48.0 $ 151.4 (545.3) $(20,289.4) $13,382.6
See Notes to consolidated financial statements.
McDonald’s Corporation Annual Report 2008 43