Safeway 2006 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2006 Safeway annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 93

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93

SAFEWAY INC. AND SUBSIDIARIES
Consolidated Statements of Stockholders’ Equity
(In millions, except per-share amounts)
Common stock Additional
paid-in
capital
Treasury stock Retained
earnings
Accumulated
other
comprehensive
income
Total
stock-
holders’
equity
Compre-
hensive
(loss)
incomeShares Amount Shares Cost
Balance, year-end 2003 575.4 $ 5.8 $3,320.6 (131.2) $(3,887.4) $4,117.8 $ 87.5 $3,644.3
Net income – – – – – 560.2 – 560.2 $560.2
Translation adjustments (net of
income tax expense of $4.0) – – – – – – 51.5 51.5 51.5
Other (net of income tax
expense of $1.7) – – – – (0.4) – 5.9 5.5 5.9
Restricted stock grant 0.3 – – – – – – – –
Amortization of restricted stock – – 4.5 – – – – 4.5 –
Options exercised 2.8 – 32.8 0.4 8.1 – – 40.9 –
Balance, year-end 2004 578.5 5.8 3,357.9 (130.8) (3,879.7) 4,678.0 144.9 4,306.9 $617.6
Net income – – – – – 561.1 – 561.1 $561.1
Stock-based employee
compensation – – 59.7 – – – – 59.7 –
Cash dividends declared on
common stock ($0.15 per
share) – – – – – (67.4) – (67.4) –
Translation adjustments (net of
income tax benefit of $16.4) – – – – – – 59.5 59.5 59.5
Minimum pension liability (net
of income tax benefit of
$15.6) – – – – – – (28.4) (28.4) (28.4)
Other (net of income tax
benefit of $1.5) – – – (0.1) (1.5) – (3.2) (4.7) (3.2)
Amortization of restricted stock – – 5.5 – – – – 5.5 –
Options exercised 1.6 – 22.0 0.2 5.5 – – 27.5 –
Balance, year-end 2005 580.1 5.8 3,445.1 (130.7) (3,875.7) 5,171.7 172.8 4,919.7 $589.0
Net income – – – – – 870.6 – 870.6 $870.6
Stock-based employee
compensation – – 51.2 – – – – 51.2 –
Cash dividends declared on
common stock ($0.2225 per
share) – – – – – (98.8) – (98.8) –
Translation adjustments – – – – – – (6.0) (6.0) (6.0)
Federal income tax refund (See
Note H) – – 262.3 – – – – 262.3 –
Minimum pension liability (net
of income tax expense of
$10.4) – – – – – – 23.8 23.8 23.8
SFAS No. 158 adjustment (net
of income tax benefit of
$47.9) – – – – – – (96.7) (96.7) –
Other (net of income tax
expense of $0.8) – – 1.0 – (2.2) – 0.9 (0.3) 0.9
Amortization of restricted stock – – 5.0 – – – – 5.0 –
Treasury stock purchased – – – (12.0) (318.0) – – (318.0) –
Options exercised 2.4 – 46.9 0.3 7.2 – – 54.1 –
Balance, year-end 2006 582.5 $ 5.8 $3,811.5 (142.4) $(4,188.7) $5,943.5 $ 94.8 $5,666.9 $889.3
See accompanying notes to consolidated financial statements.
40