Safeway 2007 Annual Report Download - page 63

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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
IncomeShares Amount Shares Cost
Balance, year-end 2004 578.5 $ 5.8 $ 3,357.9 (130.8) $ (3,879.7) $ 4,678.0 $ 144.9 $ 4,306.9
Net income – – – – – 561.1 – 561.1 $ 561.1
Stock-based compensation – – 59.7 – – – – 59.7 –
Cash dividends declared ($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
($0.2225 per share) – – – – – (98.8) – (98.8) –
Translation adjustments – – – – – – (6.0) (6.0) (6.0)
Federal income tax refund – – 262.3 – – – 262.3 –
Minimum pension liability (net of
income tax expense of $10.4) – – – – – – 23.8 23.8 23.8
Pension adjustment to funded
status (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
Net income – – – – – 888.4 – 888.4 $ 888.4
FIN 48 adjustment – – 25.5 – – 114.2 – 139.7 –
Stock-based employee
compensation – – 48.4 – – – – 48.4 –
Cash dividends declared
($0.2645 per share) – – – – – (116.6) – (116.6) –
Translation adjustments – – – – – – 172.1 172.1 172.1
Income tax refund – – 0.7 – – – – 0.7 –
Pension adjustment to funded
status (net of income tax
benefit of $25.7) – – – – – – (44.0) (44.0) (44.0)
Recognition of pension
actuarial loss, net (net of
tax expense of $9.9) – – – – – – 21.5 21.5 21.5
Other (net of income tax
expense of $0.2) – – 0.8 (0.1) (3.2) – 1.8 (0.6) 1.8
Amortization of restricted
stock 0.1 – 5.2 – – – – 5.2 –
Treasury stock purchased – – – (6.7) (226.1) – – (226.1) –
Options exercised 6.7 0.1 146.1 – – – – 146.2 –
Balance, year-end 2007 589.3 $ 5.9 $ 4,038.2 (149.2) $ (4,418.0) $ 6,829.5 $ 246.2 $ 6,701.8 $ 1,039.8
See accompanying notes to consolidated financial statements.
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