Energizer 2008 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2008 Energizer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 48

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48

ENERGIZER HOLDINGS, INC. 2008 Annual Report 27
Consolidated Statements of Shareholders’ Equity
(Dollars in millions, shares in thousands)
DOLLARS SHARES
2008 2007 2006 2008 2007 2006
Common stock:
Balance at beginning of year $ 1.0 $ 1.0 $ 1.0 97,084 97,084 97,084
Activity under stock plans – – – – – –
Ending balance 1.0 1.0 1.0 97,084 97,084 97,084
Additional paid-in capital:
Balance at beginning of year 999.0 950.2 929.6
Activity under stock plans 35.9 48.8 20.6
Ending balance 1,034.9 999.0 950.2
Retained earnings:
Balance at beginning of year 1,362.7 1,073.2 832.7
Net earnings 329.3 321.4 260.9
Activity under stock plans (20.2) (31.9) (20.4)
Ending balance 1,671.8 1,362.7 1,073.2
Common stock in treasury:
Balance at beginning of year (1,755.6) (1,754.2) (1,193.9) (39,772) (40,410) (30,044)
Treasury stock purchased – (53.0) (600.7) – (783) (11,331)
Activity under stock plans 36.3 51.6 40.4 871 1,421 965
Ending balance (1,719.3) (1,755.6) (1,754.2) (38,901) (39,772) (40,410)
Accumulated other comprehensive income/(loss):
Cumulative translation adjustment:
Balance at beginning of year 47.5 (26.4) (55.8)
Foreign currency translation adjustment 3.8 73.9 29.4
Ending balance 51.3 47.5 (26.4)
Pension liability:
Balance at beginning of year 9.9 (31.4) (33.1)
Pension/Postretirement activity (46.5) 20.5 1.7
Adjustment to initially apply SFAS 158 – 20.8 –
Ending balance, net of tax of $(8.0) in 2008, $9.8
in 2007 and $(15.0) in 2006 (36.6) 9.9 (31.4)
Deferred loss on hedging activity:
Balance at beginning of year (10.6) – –
Activity 3.8 (10.6) –
Ending balance, net of tax of $(3.0) in 2008,
$(4.7) in 2007
(6.8)
(10.6)
–
Total accumulated other comprehensive
income/(loss) 7.9 46.8 (57.8)
Total shareholders’ equity $ 996.3 $ 653.9 $ 212.4
The above financial statements should be read in conjunction with the Notes To Consolidated Financial Statements.