Canon 2004 Annual Report Download - page 56

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54
Thousands of
Millions of yen U.S. dollars (note 2)
2004 2003 2002 2004
Common stock:
Balance at beginning of year ¥168,892 167,242 165,287 $1,623,962
Conversion of convertible debt 4,972 1,650 1,955 47,807
Balance at end of year 173,864 168,892 167,242 1,671,769
Additional paid-in capital:
Balance at beginning of year 396,939 394,088 392,456 3,816,721
Conversion of convertible debt and other 4,966 1,649 1,953 47,750
Stock exchanged under exchange offering 114 —1,052 1,096
Capital transactions by consolidated subsidiaries (246) 1,202 (1,373) (2,365)
Balance at end of year 401,773 396,939 394,088 3,863,202
Legal reserve:
Balance at beginning of year 39,998 38,803 38,330 384,596
Transfers from retained earnings 1,202 1,195 477 11,558
Other ——(4) —
Balance at end of year 41,200 39,998 38,803 396,154
Retained earnings:
Balance at beginning of year 1,410,442 1,164,445 997,848 13,561,942
Net income for the year 343,344 275,730 190,737 3,301,385
Cash dividends (52,950) (28,538) (23,663) (509,135)
Transfers to legal reserve (1,202) (1,195) (477) (11,558)
Balance at end of year 1,699,634 1,410,442 1,164,445 16,342,634
Accumulated other comprehensive income (loss):
Balance at beginning of year (143,275) (166,467) (135,168) (1,377,644)
Other comprehensive income (loss) for the year,
net of tax 41,963 23,192 (31,299) 403,490
Balance at end of year (101,312) (143,275) (166,467) (974,154)
Treasury stock:
Balance at beginning of year (7,451) (6,161) (277) (71,643)
Repurchase, net (503) (1,290) (5,884) (4,837)
Stock exchanged under exchange offering 2,691 —— 25,875
Balance at end of year (5,263) (7,451) (6,161) (50,605)
Total stockholders’ equity ¥2,209,896 1,865,545 1,591,950 $21,249,000
Disclosure of comprehensive income:
Net income for the year ¥343,344 275,730 190,737 $3,301,385
Other comprehensive income (loss) for the year,
net of tax (note 16)
Foreign currency translation adjustments 4,050 (15,277) (15,864) 38,942
Net unrealized gains and losses on securities 686 7,952 (1,732) 6,596
Net gains and losses on derivative instruments (396) 37 2,089 (3,808)
Minimum pension liability adjustments 37,623 30,480 (15,792) 361,760
Other comprehensive income (loss) 41,963 23,192 (31,299) 403,490
Total comprehensive income for the year ¥385,307 298,922 159,438 $3,704,875
See accompanying notes to consolidated financial statements.
CANON INC. AND SUBSIDIARIES Year ended December 31, 2004, 2003 and 2002
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY