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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Stockholders’ Equity and Comprehensive Income
Issued
Issued Common Restricted Additional Accumulated Other
Common Stock Stock Paid−In Retained Comprehensive Treasury
Stock Shares Amount Units Capital Earnings Income (Loss) Stock Total
(In millions, except per share information)
Balances at June 30, 2007 135.2 $ 1.4 $ 2.8 $ 573.6 $ 134.4 $ 7.5 $ (3.8) $ 715.9
Stock option exercises 1.2 — — 3.8 — — — 3.8
Stock option tax benefits — — — 9.3 — — — 9.3
Stock−based compensation — — — 11.4 — — — 11.4
Treasury stock purchases (1.4) — — — — — (35.4) (35.4)
Issuance of shares upon
settlement of restricted
stock units — — (2.8) 2.8 — — — —
Dividend paid on common
shares ($0.25 per share) — — — — (34.2) — — (34.2)
Comprehensive income:
Net income — — — — 189.6 — — 189.6
Foreign currency
translation adjustment — — — — — (1.7) — (1.7)
Cash flow hedges:
Net change in fair value
of derivatives, net of
tax of $3.9 million — — — — — (6.4) — (6.4)
Amounts reclassified to
earnings during the
period from terminated
swaps, net of tax
$1.1 million — — — — — (1.3) — (1.3)
Pension and
post−retirement benefit
plans, net of tax of
$4.5 million — — — — — (6.5) — (6.5)
Total Comprehensive
income 173.7
Balances at June 30, 2008 135.0 $ 1.4 $ — $ 600.9 $ 289.8 $ (8.4) $ (39.2) $ 844.5
Stock option exercises 0.6 — — 3.0 — — — 3.0
Stock option tax benefits — — — 3.3 — — — 3.3
Stock−based compensation — — — 16.2 — — — 16.2
Treasury stock purchases (0.8) — — — — — (20.3) (20.3)
Dividend paid on common
shares ($0.25 per share) — — — — (34.1) — — (34.1)
Comprehensive income:
Net income — — — — 200.1 — — 200.1
Foreign currency
translation adjustment — — — — — (6.0) — (6.0)
Cash flow hedges:
Net change in fair value
of derivatives, net of
tax of $10.6 million — — — — — (16.8) — (16.8)
Amounts reclassified to
earnings during the
period from terminated
swaps, net of tax
$0.4 million — — — — — (0.9) — (0.9)
Pension and
post−retirement benefit
plans, net of tax of
$9.2 million — — — — — (13.8) — (13.8)
Total Comprehensive
income 162.6
Adjustment to adopt
re−measurement
provision under SFAS No
158, net of tax of
$0.2 million — — — — (0.4) — — (0.4)
Balances at June 30, 2009 134.8 $ 1.4 $ — $ 623.4 $ 455.4 $ (45.9) $ (59.5) $ 974.8
Stock option exercises 1.1 — — 4.2 — — — 4.2
Stock option tax benefits — — — 3.5 — — — 3.5
Stock−based compensation — — — 17.0 — — — 17.0
Treasury stock purchases (0.1) — — (0.9) — — (1.8) (2.7)
Dividend paid on common
shares ($0.25 per share) — — — — (34.2) — — (34.2)
Comprehensive income:
Net income — — — — 186.8 — — 186.8
Foreign currency
translation adjustment — — — — — (4.4) — (4.4)
Cash flow hedges:
Net change in fair value
of derivatives, net of
tax of $2.6 million — — — — — 4.1 — 4.1
Amounts reclassified to
earnings during the
period from terminated
swaps, net of tax
$0.6 million — — — — — (1.0) — (1.0)
Pension and
post−retirement benefit
plans, net of tax of
$11.3 million — — — — — (19.7) — (19.7)