Sprint - Nextel 2007 Annual Report Download - page 91

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SPRINT NEXTEL CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in millions)
Common Shares Paid-in
Capital
Treasury
Shares Comprehensive
Income (Loss)
(Accumulated
Deficit)/
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) TotalShares(1) Amount Shares Amount
Balance, January 1, 2005 ............. 1,475 $2,950 $11,873 — $ — $ (586) $(716) $13,521
Comprehensive income
Net income ....................... $1,785 1,785 1,785
Other comprehensive income (loss), net
of tax
Additional minimum pension
liability ...................... (59)
Foreign currency translation
adjustment ................... (9)
Unrealized holding gains on
securities ..................... 64
Reclassification adjustment for
realized gains on securities ...... (16)
Reclassification adjustments for
losses on cash flow hedges ....... 10
Other comprehensive loss ........... (10) (10) (10)
Comprehensive income ............... $1,775
Common shares issued to Nextel
shareholders ...................... 1,452 2,829 32,816 35,645
Issuance of common shares, net ......... 34 67 458 525
Common shares dividends ............. (518) (518)
Preferred shares dividends ............. (7) (7)
Share-based compensation expense ...... 302 302
Conversion of Nextel vested share-based
awards upon merger ................ 639 639
Other, net .......................... 55 55
Balance, December 31, 2005 .......... 2,961 5,846 46,136 — — 681 (726) 51,937
Cumulative effect of adopting SAB No.
108(2) ............................ (50) (50)
Comprehensive income
Net income ....................... $1,329 1,329 1,329
Other comprehensive income (loss), net
of tax
Unrecognized net periodic pension
and other postretirement benefit
cost ......................... (17)
Foreign currency translation
adjustment ................... 9
Unrealized holding gains on
securities ..................... 203
Reclassification adjustment for
realized gains on securities ...... (288)
Unrealized holding losses on
qualifying cash flow hedges ...... (148)
Reclassification adjustments for
losses on cash flow hedges ....... 157
Other comprehensive loss ........... (84) (84) (84)
Comprehensive income ............... $1,245
Issuance of common shares, net ......... 28 56 324 (6) 95 (26) 449
Purchase of common shares ............ 98 (1,643) (1,643)
Common shares dividends ............. (294) (294)
Preferred shares dividends ............. (2) (2)
Share-based compensation expense ...... 354 354
Conversion of non-voting common shares
to voting common shares ............ (38) — (623) (38) 623 —
Accelerated vesting of Nextel share-based
awards .......................... 51 51
Spin-off of local communications
business ......................... 401 662 1,063
Other, net .......................... 21 21
Balance, December 31, 2006 .......... 2,951 5,902 46,664 54 (925) 1,638 (148) 53,131
F-6