American Airlines 1998 Annual Report Download - page 43

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41
Accumulated
Other
Preferred Common Additional Treasury Comprehensive Retained
(in millions, except shares and per share amounts) Stock Stock Paid-in Capital Stock Income Earnings Total
Balance at January 1, 1996 $ 78 $ 152 $ 2,163 $ - $ (91) $ 1,418 $ 3,720
Net earnings - - - - - 1,016 1,016
Adjustment for minimum pension
liability, net of tax benefit of $13 - - - - (21) - (21)
Unrealized loss on investments,
net of tax benefit of $1 - - - - (2) - (2)
Reversal of unrealized loss on investment
in Canadian Airlines International Limited
- - - - 91 - 91
To tal comprehensive income 1,084
Issuance of 27,853,548 shares upon
conversion of convertible subordinated
debentures and preferred stock, net
of conversion fees and issuance costs (78) 28 867 - - - 817
Issuance of 1,403,656 shares pursuant
to stock option, deferred stock and
restricted stock incentive plans - 2 45 - - - 47
Balance at December 31, 1996 - 182 3,075 - (23) 2,434 5,668
Net earnings - - - - - 985 985
Adjustment for minimum pension liability,
net of tax expense of $13 - - - - 19 - 19
To tal comprehensive income 1,004
Issuance of 312,140 shares pursuant
to stock option, deferred stock
and restricted stock incentive plans - - 13 - - - 13
Issuance of 11,500,000 stock options
at $5 below market value at date of grant - - 58 - - - 58
Repurchase of 14,086,750 common shares - - - (740) - - (740)
Issuance of 5,005,918 shares from Treasury
pursuant to stock option, deferred stock
and restricted stock incentive plans,
net of tax benefit of $15 - - (42) 255 - - 213
Balance at December 31, 1997 - 182 3,104 (485) (4) 3,419 6,216
Net earnings and total comprehensive income - - - - - 1,314 1,314
Repurchase of 14,342,008 common shares - - - (944) - - (944)
Issuance of 2,495,148 shares from Treasury
pursuant to stock option, deferred stock
and restricted stock incentive plans,
net of tax benefit of $17 - - (29) 141 - - 112
Balance at December 31, 1998 $ - $ 182 $ 3,075 $(1,288) $ (4) $ 4,733 $ 6,698
The accompanying notes are an integral part of these financial statements.
CONSOLIDATED STATEM ENTS OF STOCKHOLDERS’ EQUITY AMR CORPORATION