Medtronic 2008 Annual Report Download - page 56

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(in millions)
Common
Shares
Common
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss)/Income
Total
Shareholders’
Equity
Balance April 30, 2005 1,210 $ 121 $ 10,179 $ 150 $ 10,450
Net earnings — — 2,547 — 2,547
Other comprehensive (loss)/income
Unrealized gain on investments — — — 1 1
Translation adjustment — — — (13) (13)
Minimum pension liability — — — (9) (9)
Unrealized gain on foreign exchange derivatives — — — 26 26
Total comprehensive income 2,552
Dividends to shareholders — — (465) — (465)
Issuance of common stock under stock purchase and award plans 14 2 516 — 518
Repurchase of common stock (69) (7) (3,582) — (3,589)
Excess tax benefit from exercise of stock-based awards — — 99 — 99
Purchased call options, net of tax benefit — — (699) — (699)
Sale of warrants — — 517 — 517
Balance April 28, 2006 1,155 $ 116 $ 9,112 $ 155 $ 9,383
Net earnings — — 2,802 — 2,802
Other comprehensive (loss)/income
Unrealized gain on investments — — — 20 20
Translation adjustment — — — 18 18
Minimum pension liability — — — 24 24
Unrealized loss on foreign exchange derivatives — — — (70) (70)
Total comprehensive income 2,794
Dividends to shareholders — — (504) — (504)
Issuance of common stock under stock purchase and award plans 10 1 330 — 331
Adjustment to adopt SFAS No. 158 (Note 1) — — — (209) (209)
Repurchase of common stock (22) (3) (1,036) — (1,039)
Excess tax benefit from exercise of stock-based awards — — 36 — 36
Stock-based compensation — — 185 — 185
Balance April 27, 2007 1,143 $ 114 $ 10,925 $ (62) $ 10,977
Net earnings — — 2,231 — 2,231
Other comprehensive (loss)/income
Unrealized loss on investments — — — (47) (47)
Translation adjustment — — — 14 14
Net change in retirement obligations — — — 37 37
Unrealized loss on foreign exchange derivatives — — — (211) (211)
Total comprehensive income 2,024
Dividends to shareholders — — (565) — (565)
Issuance of common stock under stock purchase and award plans 13 1 402 — 403
Adjustment to deferred tax benefit recorded on adoption of SFAS No. 158 — — — (17) (17)
Repurchase of common stock (31) (3) (1,541) — (1,544)
Excess tax benefit from exercise of stock-based awards — — 40 — 40
Stock-based compensation — — 217 — 217
Cumulative effect adjustment to retained earnings related to the adoption
of FIN No. 48 (Note 12) — — 1 — 1
Balance April 25, 2008
1,125
$ 112
$ 11,710
$ (286
)
$ 11,536
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Shareholders’ Equity
52 Medtronic, Inc.