Safeway 2009 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2009 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 102

  • 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
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

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 (loss)
Total
stock-
holders’
equity
Compre-
hensive
income
(loss)Shares Amount Shares Cost
Balance, year-end 2006 582.5 $ 5.8 $ 3,811.5 (142.4) $ (4,188.7) $ 5,943.5 $ 94.8 $ 5,666.9
Net income – – – – – 888.4 – 888.4 $ 888.4
Adoption of accounting guidance on
uncertainty in income taxes (see
Note J) – – 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 tax of $25.7) – – – – – – (44.0) (44.0) (44.0)
Recognition of pension actuarial loss,
net (net of tax of $9.9) – – – – – – 21.5 21.5 21.5
Other (net of tax 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
Net income – – – – – 965.3 – 965.3 $ 965.3
Stock-based employee compensation – – 62.3 – – – – 62.3 –
Cash dividends declared ($0.3174 per
share) – – – – – (137.3) – (137.3) –
Translation adjustments (net of tax of
$10.6) – – – – – – (226.7) (226.7) (226.7)
Income tax refund – – 0.3 – – – – 0.3 –
Pension adjustment to funded status
(net of tax of $165.5) – – – – – – (266.1) (266.1) (266.1)
Recognition of pension actuarial loss,
net (net of tax of $10.9) – – – – – – 19.5 19.5 19.5
Other (net of tax of $1.4) – – 1.1 – (0.4) – (1.6) (0.9) (1.6)
Amortization of restricted stock – – 0.9 – – – – 0.9 –
Treasury stock purchased – – – (12.6) (359.5) – – (359.5) –
Options exercised 1.4 – 25.5 – 1.1 – – 26.6 –
Balance, year-end 2008 590.7 5.9 4,128.3 (161.8) (4,776.8) 7,657.5 (228.7) 6,786.2 $ 490.4
Net loss – – – – – (1,097.5) – (1,097.5) $(1,097.5)
Stock-based employee
compensation – – 57.4 – – – – 57.4 –
Cash dividends declared ($0.3828
per share) – – – – – (156.3) – (156.3) –
Translation adjustments (net of tax
of $2.3) – – – – – – 162.2 162.2 162.2
Income tax refund – – 1.8 – – – – 1.8 –
Pension adjustment to funded
status (net of tax of $0.1) – – – – – – (2.0) (2.0) (2.0)
Recognition of pension actuarial
loss, net (net of tax of $32.8) – – – – – – 54.9 54.9 54.9
Other (net of tax of $0.7) – – 0.8 – (0.1) – (0.2) 0.5 (0.2)
Amortization of restricted stock 0.4 – 2.6 – – – – 2.6 –
Treasury stock purchased – – – (42.5) (884.9) – – (884.9) –
Options exercised 1.5 – 21.5 – – – – 21.5 –
Balance, year-end 2009 592.6 $ 5.9 $ 4,212.4 (204.3) $ (5,661.8) $ 6,403.7 $ (13.8) $ 4,946.4 $ (882.6)
See accompanying notes to consolidated financial statements.
42