Avon 2003 Annual Report Download - page 42

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Accumulated
Additional Other
Common Stock Paid-In Retained Comprehensive Treasury Stock
Shares Amount Capital Earnings Loss Shares Amount Total
Balance at December 31, 2002 358,382,162 89.6 1,019.5 1,735.3 (791.4) 123,124,530 (2,180.7) (127.7)
Comprehensive income:
Net income 664.8 664.8
Foreign currency translation adjustments 53.7 53.7
Unrealized gains from available-for-sale
securities, net of taxes of $2.4 4.5 4.5
Minimum pension liability adjustment,
net of taxes of $1.0 2.8 2.8
Net derivative gains on cash flow hedges,
net of taxes of $.6 1.0 1.0
Total comprehensive income 726.8
Dividends – $.84 per share (197.7) (197.7)
Exercise of stock options, including tax
benefits of $29.5 2,633,827 .7 128.4 (48,183) .9 130.0
Repurchase of common stock 3,503,414 (214.3) (214.3)
Grant, cancellation and amortization of
restricted stock 111,063 — 6.6 6.6
Partial conversion of Convertible Notes 33.9 (751,139) 13.7 47.6
Balance at December 31, 2003 361,127,052 $90.3 $1,188.4 $2,202.4 $(729.4) 125,828,622 $(2,380.4) $ 371.3
The accompanying notes are an integral part of these statements.
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