EMC 2006 Annual Report Download - page 50

Table of Contents
EMC CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(in thousands)
Common Stock
Additional
Paid-in
Capital
Deferred
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury Stock
Stockholders'
Equity
Shares Par Value Shares Cost
Balance, January 1, 2004 2,476,821 $ 24,768 $ 6,894,823 $ (94,068) $ 4,566,157 $ 2,197 (62,082) $(509,156) $ 10,884,721
Stock issued through stock option and stock purchase plans 32,149 321 229,630 — — — — — 229,951
Tax benefit from stock options exercised — — 24,907 — — — — — 24,907
Compensation charge for variable stock options — — 20 — — — — — 20
Grants of restricted stock, net of cancellations and withholdings 4,656 47 58,928 (58,975) — — — — —
Repurchase of common stock (19,940) (199) (235,876) — — — (26,617) (309,643) (545,718)
Reclassification of treasury stock to common stock (88,699) (887) (817,912) — — — 88,699 818,799 —
Stock options issued in purchase acquisitions — — 73,351 (37,730) — — — — 35,621
Amortization of deferred compensation — — — 59,715 — — — — 59,715
Reversal of deferred compensation due to employee terminations (18) — (6,772) 6,772 — — — — —
Change in market value of investments — — — — — (36,545) — — (36,545)
Change in market value of derivatives — — — — — (31) — — (31)
Translation adjustment — — — — — (543) — — (543)
Net income — — — — 871,189 — — — 871,189
Balance, December 31, 2004 2,404,969 24,050 6,221,099 (124,286) 5,437,346 (34,922) — — 11,523,287
Stock issued through stock option and stock purchase plans 33,789 337 262,959 — — — — — 263,296
Tax benefit from stock options exercised — — 32,127 — — — — — 32,127
Compensation charge for variable stock options — — 37 — — — — — 37
Grants of restricted stock, net of cancellations and withholdings 19,484 195 283,747 (283,942) — — — — —
Repurchase of common stock (73,838) (738) (1,002,681) — — — — — (1,003,419)
Stock options issued in purchase acquisitions — — 77,645 (13,521) — — — — 64,124
Amortization of deferred compensation — — — 81,578 — — — — 81,578
Reversal of deferred compensation due to employee terminations (257) (3) (7,857) 7,860 — — — — —
Change in market value of investments — — — — — (9,309) — — (9,309)
Change in market value of derivatives — — — — — 898 — — 898
Translation adjustment — — — — — (20,354) — — (20,354)
Net income — — — — 1,133,165 — — — 1,133,165
Balance, December 31, 2005 2,384,147 23,841 5,867,076 (332,311) 6,570,511 (63,687) — — 12,065,430
Stock issued through stock option and stock purchase plans 34,787 349 257,440 — — — — — 257,789
Tax benefit from stock options exercised — — 30,728 — — — — — 30,728
Grants of restricted stock, net of cancellations and withholdings 5,739 56 (20,069) — — — — — (20,013)
Repurchase of common stock (302,334) (3,023) (3,652,381) — — — — — (3,655,404)
Reclassification of deferred compensation to additional paid-in
capital — — (332,311) 332,311 — — — — —
Stock options issued in purchase acquisitions — — 41,151 — — — — — 41,151
Stock-based compensation — — 399,949 — — — — — 399,949
Purchase of call options — — (669,076) — — — — — (669,076)
Tax benefit from purchase of call options — — 250,903 — — — — — 250,903
Sale of warrants — — 391,144 — — — — — 391,144
Impact of adoption of new accounting standard for pension and
other post-retirement plans (see Note A) — — — — — (58,275) — — (58,275)
Change in market value of investments — — — — — 22,762 — — 22,762
Change in market value of derivatives — — — — — (805) — — (805)
Translation adjustment — — — — — 45,442 — — 45,442
Net income — — — — 1,223,982 — — — 1,223,982
Balance, December 31, 2006 2,122,339 $ 21,223 $ 2,564,554 $ — $ 7,794,493 $ (54,563) — $ — $ 10,325,707
The accompanying notes are an integral part of the consolidated financial statements.
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