Microsoft 2007 Annual Report Download - page 37

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PAGE 36
STOCKHOLDERS’ EQUITY STATEMENTS
(In millions)
Y
ear Ended June 30 2007 2006 2005
Common stock and paid-in capital
Balance, beginning of period $ 59,005 $60,413 $56,396
Common stock issued 6,783 1,939 3,223
Common stock repurchased (6,162) (4,447) (1,737)
Stock-based compensation expense 1,550 1,715 2,448
Stock option income tax benefits/(deficiencies) (661) (617) 89
Other, net 42 2 (6)
Balance, end of period 60,557 59,005 60,413
Retained earnings (deficit)
Balance, beginning of period (18,901) (12,298) 18,429
Net income 14,065 12,599 12,254
Other comprehensive income:
Net unrealized gains/(losses) on derivative instruments 14 76 (58)
Net unrealized gains/(losses) on investments 326 (282) 371
Translation adjustments and other 85 9 (6)
Comprehensive income 14,490 12,402 12,561
Common stock cash dividends (3,837) (3,594) (36,968)
Common stock repurchased (21,212) (15,411) (6,320)
Balance, end of period (29,460) (18,901) (12,298)
Total stockholders’ equity $ 31,097 $40,104 $48,115
See accompanying notes.