AT&T Wireless 2006 Annual Report Download - page 52

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2006 AT&T Annual Report
Consolidated Statements of Stockholders’ Equity
Dollars and shares in millions except per share amounts
2006 2005 2004
Shares Amount Shares Amount Shares Amount
Common Stock
Balance at beginning of year 4,065 $ 4,065 3,433 $ 3,433 3,433 $ 3,433
Issuance of shares 2,430 2,430 632 632 — —
Balance at end of year 6,495 $ 6,495 4,065 $ 4,065 3,433 $ 3,433
Capital in Excess of Par Value
Balance at beginning of year $27,499 $13,350 $13,556
Issuance of shares 63,637 14,087 (315)
Stock based compensation 216 62 109
Balance at end of year $91,352 $27,499 $13,350
Retained Earnings
Balance at beginning of year $29,106 $28,806 $27,089
Net income ($1.89, $1.42 and $1.78 per share) 7,356 4,786 5,887
Dividends to stockholders ($1.35, $1.30 and $1.26 per share) (6,079) (4,480) (4,170)
Other (8) (6) —
Balance at end of year $30,375 $29,106 $28,806
Treasury Shares
Balance at beginning of year (188) $ (5,406) (132) $ (4,535) (128) $ (4,698)
Purchase of shares (84) (2,678) (76) (1,843) (17) (448)
Issuance of shares 16 716 20 972 13 611
Balance at end of year (256) $ (7,368) (188) $ (5,406) (132) $ (4,535)
Additional Minimum Pension Liability Adjustment
Balance at beginning of year $ (218) $ (190) $ (1,132)
Required adjustments, net of taxes of $6, $(17) and $578 10 (28) 942
Adoption of FAS 158 208 — —
Balance at end of year $ — $ (218) $ (190)
Accumulated Other Comprehensive Income, net of tax
Balance at beginning of year $ (356) $ (360) $ —
Currency translation adjustments:
Foreign currency translation adjustment,
net of taxes of $9, $27 and $(17) 17 50 (31)
Less reclassification adjustment for cumulative
currency translation adjustments realized
in net income, net of taxes of $(52) — — (97)
Net unrealized gains (losses) on securities:
Unrealized gains (losses), net of taxes of $7, $3 and $102 13 5 189
Less reclassification adjustment realized in net income,
net of taxes of $(4), $(30) and $(121) (8) (56) (225)
Net unrealized gains (losses) on cash flow hedges:
Unrealized gains (losses), net of taxes of $2, $(1) and $(106) 2 (1) (196)
Less reclassification adjustment realized in net income,
net of taxes of $8 and $3 15 7 —
Other 2 (1) —
Other comprehensive income (loss) 41 4 (360)
Adjustment to initially apply FAS 158, net of tax (4,999) — —
Balance at end of year $ (5,314) $ (356) $ (360)
Total Comprehensive Income
Net income $ 7,356 $ 4,786 $ 5,887
Additional minimum pension liability adjustments per above 10 (28) 942
Other comprehensive income (loss) per above 41 4 (360)
Total Comprehensive Income $ 7,407 $ 4,762 $ 6,469
The accompanying notes are an integral part of the consolidated financial statements.