Dollar General 2003 Annual Report Download - page 28

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
For the years ended January 30, 2004, January 31, 2003, and February 1, 2002
(Dollars in thousands except per share amounts)
Additional Accumulated Other Common
Common Paid-in Retained Comprehensive Stock Held Unearned
Stock Capital Earnings Loss in Trust Compensation Total
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balances, February 2, 2001 $ 165,646 $ 283,925 $ 414,318 $ - $ (2,126) $ - $ 861,763
Comprehensive income:
Net income - - 207,513 - - - 207,513
Cumulative effect of SFAS No. 133 - - - (2,044) - - (2,044)
Net change in fair value of derivatives - - - (2,285) - - (2,285)
Reclassification of net loss on
derivatives - - - 1,101 - - 1,101
______________
Comprehensive income 204,285
Cash dividends, $0.13 per common share - - (42,566) - - - (42,566)
Issuance of common stock under stock
incentive plans (1,395,000 shares) 697 11,571 ----12,268
Tax benefit from exercise of options - 5,819 ----5,819
Purchase of common stock by employee
deferred compensation trust, net
(19,000 shares) ----(269) - (269)
Issuance of restricted stock
(32,000 shares) 16 533 - - - (549) -
Amortization of restricted stock -----418418
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balances, February 1, 2002 $ 166,359 $ 301,848 $ 579,265 $ (3,228) $ (2,395) $ (131) $ 1,041,718
Comprehensive income:
Net income - - 264,946 - - - 264,946
Net change in fair value of derivatives - - - 277 - - 277
Reclassification of net loss on derivatives - - - 1,602 - - 1,602
______________
Comprehensive income 266,825
Cash dividends, $0.13 per common
share, net of accruals - - (31,991) - - - (31,991)
Issuance of common stock under
stock incentive plans
(710,000 shares) 355 4,666 ----5,021
Tax benefit from exercise of options - 2,372 ----2,372
Purchase of common stock by
employee deferred compensation
trust, net (27,000 shares) - (98) - - (347) - (445)
Amortization of restricted stock -----131131
Contribution of capital (see Note 11) - 6,031 ----6,031
Other equity transactions (44) (1,550) ----(1,594)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balances, January 31, 2003 $ 166,670 $ 313,269 $ 812,220 $ (1,349) $ (2,742) $ - $ 1,288,068
Comprehensive income:
Net income - - 301,000 - - - 301,000
Reclassification of net loss
on derivatives - - - 188 - - 188
______________
Comprehensive income 301,188
Cash dividends, $0.14 per
common share - - (46,883) - - - (46,883)
Issuance of common stock under
stock incentive plans
(4,240,000 shares) 2,120 47,365 ----49,485
Tax benefit from exercise of options - 14,565 ----14,565
Repurchase of common stock
(1,519,000 shares) (759) - (28,928) - - - (29,687)
Purchase of common stock by
employee deferred compensation
trust, net (11,000 shares) - (157) - - 3 - (154)
Issuance of restricted stock
(129,000 shares) 64 1,904 - - - (1,968) -
Amortization of restricted stock -----354354
Other equity transactions -(16)----(16)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balances, January 30, 2004 $ 168,095 $ 376,930 $1,037,409 $ (1,161) $ (2,739) $ (1,614) $1,576,920
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The accompanying notes are an integral part of the consolidated financial statements.
Shareholders’ Equity
26