Energizer 2003 Annual Report Download - page 27

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ENR 2003 ANNUAL REPORT Page 25
Dollars Shares
2003 2002 2001 2003 2002 2001
Common stock:
Balance at beginning of year 1.0 1.0 1.0 95,776 95,564 95,553
Activity under stock plans –––795 212 11
Ending balance 1.0 1.0 1.0 96,571 95,776 95,564
Additional paid-in capital:
Balance at beginning of year 789.8 784.1 783.9
Activity under stock plans 13.2 3.6 0.2
Tax benefits from stock plans 8.9 2.1 –
Ending balance 811.9 789.8 784.1
Retained earnings:
Balance at beginning of year 202.4 17.5 59.8
Net earnings/(loss) 169.9 186.4 (39.0)
Activity under stock plans (5.2) (1.5) –
Elimination of international one-month lag ––(3.3)
Ending balance 367.1 202.4 17.5
Common stock in treasury:
Balance at beginning of year (176.0) (79.6) – (7,320) (3,845) –
Common stock purchased (131.4) (103.3) (79.6) (4,952) (3,789) (3,845)
Activity under stock plans 19.3 6.9 – 779 314 –
Ending balance (288.1) (176.0) (79.6) (11,493) (7,320) (3,845)
Accumulated other comprehensive (loss)/income:
Cumulative translation adjustment:
Balance at beginning of year (110.7) (114.0) (105.4)
Foreign currency translation adjustment 36.6 3.3 (8.6)
Ending Balance (74.1) (110.7) (114.0)
Minimum pension liability:
Balance at beginning of year (1.7) (1.1) (1.1)
Adjustment (8.1) (0.6) –
Ending balance, net of tax of $4.1 in 2003 (9.8) (1.7) (1.1)
Total accumulated other comprehensive loss (83.9) (112.4) (115.1)
Total shareholders equity $ 808.0 $ 704.8 $ 607.9
The above financial statement should be read in conjunction with the Notes to Consolidated Financial Statements.
ENERGIZER HOLDINGS, INC.
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY
(Dollars in millions, shares in thousands)