Anthem Blue Cross 2002 Annual Report Download - page 63

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
58 Anthem, Inc. 2002 Annual Report
Unearned Accumulated
Common Stock Additional Restricted Other Total
Number Par Paid in Retained Stock Comprehensive Shareholders’
(In Millions, Except Share Data)
of Shares Value Capital Earnings Compensation Income Equity1
Balance at December 31, 1999 — $ — $ — $ 1,622.6 $ — $ 38.3 $ 1,660.9
Net income — — — 226.0 — — 226.0
Change in net unrealized
gains on investments — — — — — 36.8 36.8
Change in additional
minimum pension liability — — — — — (3.9) (3.9)
Comprehensive income 258.9
Balance at December 31, 2000 — — — 1,848.6 — 71.2 1,919.8
Net income before the date of
demutualization and
initial public offering — — — 286.5 — — 286.5
Net income after the date of
demutualization and initial
public offering — — — 55.7 — — 55.7
Change in net unrealized
losses on investments — — — — — (29.3) (29.3)
Change in additional
minimum pension liability — — — — — 0.5 0.5
Comprehensive income 313.4
Initial public offering
of common stock 55,200,000 0.6 1,889.8 — — — 1,890.4
Common stock issued in
the demutualization 48,095,675 0.5 71.0 (71.5) — — —
Cash payments to eligible statutory
members in lieu of stock — — — (2,063.6) — — (2,063.6)
Balance at December 31, 2001 103,295,675 1.1 1,960.8 55.7 — 42.4 2,060.0
Net income — — — 549.1 — — 549.1
Change in net unrealized
gains on investments — — — — — 87.9 87.9
Change in additional
minimum pension liability — — — — — (7.6) (7.6)
Comprehensive income 629.4
Acquisition of Trigon Healthcare
Inc., net of issue costs 38,971,908 0.4 2,899.1 — — — 2,899.5
Repurchase and retirement
of common stock (4,121,392) (0.1) (132.6) (123.5) — — (256.2)
Issuance of common stock for stock
incentive plan and employee
stock purchase plan 1,109,893 — 34.7 — (5.3) — 29.4
Adjustments related to
the demutualization 76,048 — 0.2 — — — 0.2
Balance at December 31, 2002 139,332,132 $ 1.4 $4,762.2 $ 481.3 $(5.3) $122.7 $5,362.3
1Amounts prior to the demutualization on November 2, 2001 represent “Policyholders’ surplus”.
See accompanying notes.