Energizer 2004 Annual Report Download - page 27

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ENR 2004 Annual Report 25
Dollars Shares
2004 2003 2002 2004 2003 2002
Common stock:
Balance at beginning of year 1.0 1.0 1.0 96,571 95,776 95,564
Activity under stock plans –––478 795 212
Ending balance 1.0 1.0 1.0 97,049 96,571 95,776
Additional paid-in capital:
Balance at beginning of year 811.9 789.8 784.1
Activity under stock plans 18.8 22.1 5.7
Ending balance 830.7 811.9 789.8
Retained earnings:
Balance at beginning of year 367.1 202.4 17.5
Net earnings 267.4 169.9 186.4
Activity under stock plans (8.7) (5.2) (1.5)
Ending balance 625.8 367.1 202.4
Common stock in treasury:
Balance at beginning of year (288.1) (176.0) (79.6) (11,493) (7,320) (3,845)
Treasury stock purchased (546.7) (131.4) (103.3) (13,354) (4,952) (3,789)
Activity under stock plans 20.0 19.3 6.9 701 779 314
Ending balance (814.8) (288.1) (176.0) (24,146) (11,493) (7,320)
Accumulated other comprehensive (loss)/income:
Cumulative translation adjustment:
Balance at beginning of year (74.1) (110.7) (114.0)
Foreign currency translation adjustment 29.6 36.6 3.3
Ending Balance (44.5) (74.1) (110.7)
Minimum pension liability:
Balance at beginning of year (9.8) (1.7) (1.1)
Adjustment (6.2) (8.1) (0.6)
Ending balance, net of tax of $7.0 in 2004, $4.1 in 2003 and $1.0 in 2002 (16.0) (9.8) (1.7)
Total accumulated other comprehensive loss (60.5) (83.9) (112.4)
Total shareholders equity $ 582.2 $ 808.0 $ 704.8
The above financial statement should be read in conjunction with the Notes to Consolidated Financial Statements.
ENERGI ZER HOLDINGS, INC.
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY
(Dollars in millions, shares in thousands)