Capital One 2001 Annual Report Download - page 46

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44 financial statements
Cumulative
Other Total
Common Stock Paid-In Retained Comprehensive Treasury Stockholders’
(Dollars in Thousands, Except Per Share Data) Shares Amount Capital, Net Earnings Income (Loss) Stock Equity
Balance, December 31, 1998 199,670,376 $ 1,997 $ 598,167 $ 679,838 $ 60,655 $ (70,251) $ 1,270,406
Comprehensive income:
Net income 363,091 363,091
Other comprehensive income, net of income tax:
Unrealized losses on securities,
net of income tax benefits of $58,759 (95,868 ) (95,868)
Foreign currency translation adjustments 3,951 3,951
Other comprehensive loss (91,917 ) (91,917)
Comprehensive income 271,174
Cash dividends — $0.11 per share (20,653) (20,653)
Purchases of treasury stock (107,104) (107,104)
Issuances of common stock (1,628) 9,833 8,205
Exercise of stock options (38,422) 76,508 38,086
Common stock issuable under incentive plan 49,236 49,236
Other items, net 45 6,237 20 6,257
Balance, December 31, 1999 199,670,421 1,997 613,590 1,022,296 (31,262 ) (91,014) 1,515,607
Comprehensive income:
Net income 469,634 469,634
Other comprehensive income, net of income tax:
Unrealized gains on securities,
net of income taxes of $19,510 31,831 31,831
Foreign currency translation adjustments 2,349 2,349
Other comprehensive income 34,180 34,180
Comprehensive income 503,814
Cash dividends — $0.11 per share (20,824) (20,824)
Purchases of treasury stock (134,619) (134,619)
Issuances of common stock 1,441 17,436 18,877
Exercise of stock options (61,261) 119,511 58,250
Common stock issuable under incentive plan 17,976 17,976
Other items, net 3,433 3,433
Balance, December 31, 2000 199,670,421 1,997 575,179 1,471,106 2,918 (88,686) 1,962,514
Comprehensive income:
Net income 641,965 641,965
Other comprehensive income, net of income tax:
Unrealized gains on securities,
net of income taxes of $5,927 9,671 9,671
Foreign currency translation adjustments (23,161) (23,161)
Cumulative effect of change in accounting
principle, net of income tax benefit of $16,685 (27,222) (27,222)
Unrealized losses on cash flow hedging
instruments, net of income tax benefit of $28,686 (46,804) (46,804)
Other comprehensive loss (87,516) (87,516)
Comprehensive income 554,449
Cash dividends — $0.11 per share (22,310) (22,310)
Issuances of common stock 12,453,961 125 642,356 18,647 661,128
Exercise of stock options 5,532,603 55 141,178 35,069 176,302
Amortization of deferred compensation 984 984
Common stock issuable under incentive plan (11,134) (11,134)
Other items, net 1,545 1,545
Balance, December 31, 2001 217,656,985 $ 2,177 $ 1,350,108 $2,090,761 $ (84,598) $ (34,970) $ 3,323,478
See Notes to Consolidated Financial Statements.
Consolidated Statements of Changes
in Stockholders’ Equity