Alcoa 2003 Annual Report Download - page 47

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Statement of Shareholders’ Equity Alcoa and subsidiaries
(in millions, except per-share amounts)
December 31 Comprehensive income
Preferred
stock
Common
stock
Additional
capital
Retained
earnings
Tre asury
stock
Accumulated
other compre-
hensive loss
To t a l
shareholders’
equity
Balance at end of 2000 $56 $925 $5,927 $7,127 $(1,717) $ (896) $11,422
Comprehensive income — 2001:
Net income—2001 $ 908 908 908
Other comprehensiveincome (loss):
Change in minimum pension liability,
net of $27 taxbenefit (51)
Unrealized translation adjustments (241)
Unrecognized gains/(losses) on derivatives,
net of tax andminorityinterestsof$124(W):
Cumulative effect of accounting change (4)
Netchangefromperiodic revaluations (175)
Net amount reclassified to income 75
Netunrecognized losses on derivatives (104) (396) (396)
Comprehensive income $ 512
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.60 per share (516) (516)
Tre asury shares purchased (1,452) (1,452)
Stock issued: compensation plans 187 463 650
Balance at end of 2001 56 925 6,114†7,517 (2,706) (1,292) 10,614
Comprehensive loss — 2002:
Net income—2002 $ 420 420 420
Other comprehensiveincome (loss):
Change in minimum pension liability,
netof$421tax benefit (851)
Unrealized translation adjustments 309
Unrealized losses on available-for-sale
securities, net of $13taxbenefit (25)
Unrecognized gains on derivatives, net of
tax and minority interests of $(106) (W):
Net change from periodicrevaluations 60
Net amount reclassified to income 45
Netunrecognized gains on derivatives 105 (462) (462)
Comprehensiveloss $ (42)
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.60 per share (507) (507)
Treasury shares purchased (1) (224) (225)
Stock issued: compensation plans (13) 102 89
Balance at end of 2002 55 925 6,101†7,428 (2,828) (1,754) 9,927
Comprehensive income — 2003:
Net income—2003 $ 938 938 938
Other comprehensiveincome (loss):
Change in minimum pension liability,
net of $21 tax benefit (39)
Unrealized translation adjustments 818
Unrealized gains on available-for-sale securities,
net of $183 tax expense (W) 340
Unrecognized gains/(losses) on derivatives, net
of tax and minority interests of $(53) (W):
Net change from periodicrevaluations 115
Net amount reclassified to income (49)
Netunrecognized gains on derivatives 66
Comprehensive income $2,123 1,185 1,185
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.60 per share (514) (514)
Stock issued: Alcoa Aluminio minority interest acquisition (F) (193) 603 410
Stock issued: compensation plans (77) 208 131
Balance at end of 2003 $55 $925 $5,831†$7,850 $(2,017) $ (569) * $12,075
*Comprised of minimum pension liability of $(951), unrealized gains on available-for-sale securities of $315, and unrecognized gains/(losses)
on derivatives of $67, net of tax
†Includes stock to be issued under options of $130 in 2003, $130 in 2002, and $138 in 2001.
Share Activity
(number of shares) Preferred stock
Common stock
Issued Treasury Net outstanding
Balance at end of 2000 557,649 924,574,538 (59,057,298) 865,517,240
Tre asury shares purchased (39,348,136) (39,348,136)
Stock issued: compensation plans 21,412,772 21,412,772
Balance at end of 2001 557,649 924,574,538 (76,992,662) 847,581,876
Treasury shares purchased (11,625) (6,313,100) (6,313,100)
Stock issued: compensation plans 3,550,686 3,550,686
Balance at end of 2002 546,024 924,574,538 (79,755,076) 844,819,462
Stock issued: Alcoa Aluminio minority interest acquisition (F) 17,773,541 17,773,541
Stock issued: compensation plans 5,897,683 5,897,683
Balance at end of 2003 546,024 924,574,538 (56,083,852) 868,490,686
The accompanying notes are an integral part of the consolidated financial statements.