CVS 2010 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2010 CVS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 82

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82

Consolidated Statements of Shareholders’ Equity
Shares Dollars
Year Ended December 31, Year Ended December 31,
in millions 2010 2009 2008 2010 2009 2008
Preference stock:
Beginning of year – 4 4 $ – $ 191 $ 202
Conversion to common stock – (4) – – (191) (11)
End of year – – 4 $ – $ – $ 191
Common stock:
Beginning of year 1,612 1,603 1,590 $ 16 $ 16 $ 16
Stock options exercised and stock awards 12 9 13 – – –
End of year 1,624 1,612 1,603 $ 16 $ 16 $ 16
Treasury stock:
Beginning of year (219) (165) (154) $ (7,610) $ (5,812) $ (5,620)
Purchase of treasury shares (42) (73) (7) (1,500) (2,477) (33)
Conversion of preference stock – 17 1 – 583 35
Transfer from shares held in trust – – (7) – – (272)
Employee stock purchase plan issuances 2 2 2 80 96 78
End of year (259) (219) (165) $ (9,030) $ (7,610) $ (5,812)
Guaranteed ESOP obligation:
Beginning of year $ – $ – $ (44)
Reduction of guaranteed ESOP obligation – – 44
End of year $ – $ – $ –
Shares held in trust:
Beginning of year (2) (2) (9) $ (56) $ (56) $ (301)
Transfer to treasury stock – – 7 – – 245
End of year (2) (2) (2) $ (56) $ (56) $ (56)
Capital surplus:
Beginning of year $ 27,198 $ 27,280 $ 26,832
Conversion of shares held in trust to treasury stock – – 27
Stock option activity and stock awards 384 291 392
Tax benefit on stock options and stock awards 28 19 53
Conversion of preference stock – (392) (24)
End of year $ 27,610 $ 27,198 $ 27,280
See accompanying notes to consolidated financial statements.
– 48 –
CVS Caremark 2010 Annual Report