AutoNation 2006 Annual Report Download - page 46
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Table of Contents
BALANCE AT DECEMBER 31, 2003 293,562,137 $ 2.9 $ 2,581.0 $ 1,742.4 $ (3.2) $ (373.4)
Comprehensive income:
Net income — — — 433.6 — — $ 433.6
Other comprehensive income:
Unrealized gains on cash flow hedges, restricted
investments and marketable securities — — — — 1.7 — 1.7
Comprehensive income — — — — — — $ 435.3
Purchases of treasury stock — — — — — (236.8)
Treasury stock cancellation (20,000,000) (.2) (318.2) — — 318.4
Exercise of stock options, including income tax
benefit of $20.7 — — (22.8) — — 137.7
BALANCE AT DECEMBER 31, 2004 273,562,137 2.7 2,240.0 2,176.0 (1.5) (154.1)
Comprehensive income:
Net income — — — 496.5 — — $ 496.5
Other comprehensive income:
Unrealized gains on cash flow hedges, restricted
investments and marketable securities — — — — 3.3 — 3.3
Comprehensive income — — — — — — $ 499.8
Purchases of treasury stock — — — — — (237.1)
Exercise of stock options, including income tax
benefit of $30.9 — — (39.0) — — 182.7
BALANCE AT DECEMBER 31, 2005 273,562,137 2.7 2,201.0 2,672.5 1.8 (208.5)
Comprehensive income:
Net income — — — 316.9 — — $ 316.9
Other comprehensive income:
Unrealized losses on cash flow hedges,
restricted investments and marketable
securities — — — — (2.2) — (2.2)
Comprehensive income — — — — — — $ 314.7
Purchases of treasury stock — — — — — (1,380.6)
Treasury stock cancellation (50,000,000) (.5) (1,100.0) — — 1,100.5
Other 12 — .2 — — —
Stock option expense — — 15.2 — — —
Exercise of stock options, including income tax
benefit of $18.0 — — (24.4) — — 118.1
BALANCE AT DECEMBER 31, 2006 223,562,149 $ 2.2 $ 1,092.0 $ 2,989.4 $ (.4) $ (370.5)
The accompanying notes are an integral part of these statements.
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