Avnet 2002 Annual Report Download - page 57

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AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Years Ended June 28, 2002, June 29, 2001 and June 30, 2000
Additional Cumulative Other Total
Paid-in Retained Comprehensive Treasury Shareholders'
Common Stock Capital Earnings Income (Loss) Stock Equity
(Thousands, except per share amounts)
Balance, July 2, 1999 ÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 56,580 $603,853 $1,637,439 $(46,041) $(533,054) $1,718,777
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì 163,392 Ì Ì 163,392
Translation adjustments (Note 4) ÏÏ Ì Ì Ì (8,541) Ì (8,541)
Valuation adjustments, net of tax of
$1,562 (Note 4) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì 2,293 Ì 2,293
Comprehensive income (Note 4) ÏÏÏ 157,144
Dividends, $0.30 per shareÏÏÏÏÏÏÏÏÏ Ì Ì (24,806) Ì Ì (24,806)
Acquisitions of operations ÏÏÏÏÏÏÏÏÏ Ì (117,256) Ì Ì 469,133 351,877
Two-for-one stock split (Note 1) ÏÏÏ 57,542 (57,542) Ì Ì Ì Ì
Other, net, principally stock option
and incentive programsÏÏÏÏÏÏÏÏÏÏ 1,278 41,305 Ì Ì 1,128 43,711
Balance, June 30, 2000 ÏÏÏÏÏÏÏÏÏÏÏ 115,400 470,360 1,776,025 (52,289) (62,793) 2,246,703
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì 15,402 Ì Ì 15,402
Translation adjustments (Note 4) ÏÏ Ì Ì Ì (1,715) Ì (1,715)
Valuation adjustments, net of tax of
$1,562 (Note 4) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì (2,293) Ì (2,293)
Comprehensive income (Note 4) ÏÏÏ 11,394
Dividends, $0.30 per shareÏÏÏÏÏÏÏÏÏ Ì Ì (29,601) Ì Ì (29,601)
Acquisitions of operations ÏÏÏÏÏÏÏÏÏ 1,361 47,449 Ì Ì 62,255 111,065
Kent's net income for the quarter
ended June 30, 2000 (Note 2) ÏÏÏ Ì Ì 8,819 Ì Ì 8,819
Other, net, principally stock option
and incentive programsÏÏÏÏÏÏÏÏÏÏ 1,079 24,924 Ì Ì 207 26,210
Balance, June 29, 2001 ÏÏÏÏÏÏÏÏÏÏÏ 117,840 542,733 1,770,645 (56,297) (331) 2,374,590
Net loss ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì (664,931) Ì Ì (664,931)
Translation adjustments (Note 4) ÏÏ Ì Ì Ì 101,159 Ì 101,159
Minimum pension liability
adjustment, net of tax of $11,155
(Note 4) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì (17,050) Ì (17,050)
Comprehensive loss (Note 4) ÏÏÏÏÏÏ (580,822)
Dividends, $0.15 per share
(Note 8) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì (17,706) Ì Ì (17,706)
Other, net, principally stock option
and incentive programsÏÏÏÏÏÏÏÏÏÏ 1,591 26,704 Ì Ì 153 28,448
Balance, June 28, 2002 ÏÏÏÏÏÏÏÏÏÏÏ $119,431 $569,437 $1,088,008 $ 27,812 $ (178) $1,804,510
See notes to consolidated Ñnancial statements
46