CVS 2009 Annual Report Download - page 52

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Statements
Shares Dollars
Dec. 31, Dec. 31, Dec. 29, Dec. 31, Dec. 31, Dec. 29,
in millions 2009 2008 2007 2009 2008 2007
ACCUMULATED OTHER COMPREHENSIVE LOSS:
Beginning of year $ (143) $ (50) $ (73)
Net cash flow hedges, net of income tax 1 3 3
Pension liability adjustment, net of
income tax 7 (96) 20
End of year (135) (143) (50)
RETAINED EARNINGS:
Beginning of year 13,098 10,287 7,966
Net income 3,696 3,212 2,637
Common stock dividends (439) (370) (308)
Preference stock dividends – (14) (15)
Tax benefit on preference stock dividends – 1 1
Adoption of ASC 715-60
(formerly EITF 06-04 and 06-10) – (18) –
Adoption of ASC 740
(formerly FIN 48) – – 6
End of year 16,355 13,098 10,287
Total shareholders’ equity $ 35,768 $ 34,574 $ 31,322
COMPREHENSIVE INCOME:
Net income $ 3,696 $ 3,212 $ 2,637
Net cash flow hedges, net of income tax 1 3 3
Pension liability adjustment, net of income tax 7 (96) 20
Comprehensive income $ 3,704 $ 3,119 $ 2,660
See accompanying notes to consolidated financial statements.
Consolidated Statements of Shareholders’ Equity
CVS Caremark
48