CVS 2000 Annual Report Download - page 26

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Consolidated Statements of Shareholders’ Equity
24
CVS Corporation
Fiscal Year Ended
Shares Dollars
December 30, January 1, December 26, December 30, January 1, December 26,
In millions 2000 2000 1998 2000 2000 1998
Preference stock:
Beginning of year 5.2 5.2 5.3 $ 276.0 $ 280.0 $ 284.6
Conversion to common stock (0.2) — (0.1) (8.5) (4.0) (4.6)
End of year 5.0 5.2 5.2 267.5 276.0 280.0
Common stock:
Beginning of year 403.0 401.4 393.7 4.0 4.0 3.9
Stock options exercised and awards
under stock plans 4.4 1.0 7.5 0.1 —0.1
Other —0.6 0.2 ———
End of year 407.4 403.0 401.4 4.1 4.0 4.0
Treasury stock:
Beginning of year (11.1) (11.2) (11.3) (258.5) (260.2) (262.9)
Purchase of treasury shares (4.7) ——(163.2) ——
Conversion of preference stock 0.4 0.2 0.2 9.1 4.0 4.2
Other 0.3 (0.1) (0.1) 7.7 (2.3) (1.5)
End of year (15.1) (11.1) (11.2) (404.9) (258.5) (260.2)
Guaranteed ESOP obligation:
Beginning of year (257.0) (270.7) (292.2)
Reduction of guaranteed ESOP obligation 16.4 13.7 21.5
End of year (240.6) (257.0) (270.7)
Capital surplus:
Beginning of year 1,371.7 1,336.4 1,154.0
Conversion of preference stock (0.7) 0.1 0.3
Stock options exercised and awards
under stock plans 120.1 31.3 176.2
Other 2.7 3.9 5.9
End of year 1,493.8 1,371.7 1,336.4
Retained earnings:
Beginning of year 2,543.5 2,021.1 1,739.1
Net earnings 746.0 635.1 384.5
Dividends:
Preference stock, net of income
tax benefit (14.6) (14.7) (13.6)
Common stock (90.2) (90.0) (88.9)
Immaterial pooling of interests —(8.0) —
End of year 3,184.7 2,543.5 2,021.1
Total shareholders’ equity $ 4,304.6 $ 3,679.7 $ 3,110.6
See accompanying notes to consolidated financial statements.