EMC 2003 Annual Report Download - page 38

Non-cash activity:
– Issuance of common stock and stock options exchanged in business combinations $ 3,109,899 $ – $ 1,050
– Exchange of net assets for equity investment – 3,560 –
– Issuance of capital lease obligations – – 24,490
– Distribution of net assets in McData Corporation dividend – – 234,152
The accompanying notes are an integral part of the consolidated financial statements.
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EMC CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(in thousands)
Common Stock
Treasury Stock
Additional
Paid-in
Capital
Deferred
Compensation
Retained
Earnings
Other
Comprehensive
Income (Loss)
Stockholders'
Equity
Shares Par Value Shares Cost
Balance, January 1, 2001 2,195,489 $ 21,955 $3,138,061 $ (49,525) $5,072,600 $ (5,882) – $ – $ 8,177,209
Stock issued through stock option and stock purchase plans 25,953 259 170,025 – – – – – 170,284
Tax benefit from stock options exercised – – 137,901 – – – – – 137,901
Grant of stock options – – 29,282 (29,282) – – – – –
Purchase of treasury stock – – – – – – (1,060) (18,258) (18,258)
Amortization of deferred compensation – – – 19,514 – – – – 19,514
Reversal of deferred compensation due to employee terminations – – (5,994) 5,994 – – – – –
Purchase acquisitions – – 1,050 – – – – – 1,050
McData spin-off – – – 24,090 (376,133) – – – (352,043)
Sale of subsidiary's stock – – – – – 16,142 – – 16,142
Change in market value of investments – – – – – 3,077 – – 3,077
Change in market value of derivatives – – – – – (42,194) – – (42,194)
Translation adjustment – – – – – (4,150) – – (4,150)
Net loss – – – – (507,712) – – – (507,712)
Balance, December 31, 2001 2,221,442 22,214 3,470,325 (29,209) 4,188,755 (33,007) (1,060) (18,258) 7,600,820
Stock issued through stock option and stock purchase plans 14,488 145 80,779 – – – – – 80,924
Tax benefit from stock options exercised – – 34,291 – – – – – 34,291
Purchase of treasury stock – – – – – – (49,495) (363,923) (363,923)
Amortization of deferred compensation – – – 13,077 – – – – 13,077
Reversal of deferred compensation due to employee terminations – – (5,370) 5,370 – – – – –
Change in market value of investments – – – – – 16,640 – – 16,640
Change in market value of derivatives – – – – – (80) – – (80)
Minimum pension liability – – – – – (47,606) – – (47,606)
Translation adjustment – – – – – 10,565 – – 10,565
Net loss – – – – (118,706) – – – (118,706)
Balance, December 31, 2002 2,235,930 22,359 3,580,025 (10,762) 4,070,049 (53,488) (50,555) (382,181) 7,226,002
Stock issued through stock option and stock purchase plans 17,494 175 112,417 – – – – – 112,592
Tax benefit from stock options exercised – – 39,059 – – – – – 39,059
Compensation charge for variable stock options – – 512 – – – – – 512
Grants of stock options and restricted stock 2,208 22 29,383 (29,405) – – – – –
Purchase of treasury stock – – – – – – (11,527) (126,975) (126,975)
Purchase acquisitions 221,189 2,212 3,133,805 (68,004) – – – – 3,068,013
Amortization of deferred compensation – – – 13,725 – – – – 13,725
Reversal of deferred compensation due to employee terminations – – (378) 378 – – – – –
Change in market value of investments – – – – – (35,183) – – (35,183)
Reversal of minimum pension liability – – – – – 89,800 – – 89,800
Translation adjustment – – – – – 1,068 – – 1,068
Net income – – – – 496,108 – – – 496,108
Balance, December 31, 2003 2,476,821 $ 24,768 $6,894,823 $ (94,068) $4,566,157 $ 2,197 (62,082) $(509,156) $ 10,884,721
The accompanying notes are an integral part of the consolidated financial statements.