Energizer 2009 Annual Report Download - page 30

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PAGE 28 ENERGIZER HOLDINGS INC. 2009 ANNUAL REPORT
CONSOLIDAT E D S TATEMENTS OF SHAREHOLDERS’ EQUITY
(Dollars in millions, shares in thousands)
Dollars Shares
2009 2008 2007 2009 2008 2007
Common stock:
Balance at beginning of year $ 1.0 $ 1.0 $ 1.0 97,084 97,084 97,084
Net proceeds from Equity offering 0.1 – – 10,925 – –
Ending balance 1.1 1.0 1.0 108,009 97,084 97,084
Additional paid-in capital:
Balance at beginning of year 1,034.9 999.0 950.2
Net proceeds from Equity offering 510.1 – –
Activity under stock plans 10.3 35.9 48.8
Ending balance 1,555.3 1,034.9 999.0
Retained earnings:
Balance at beginning of year 1,671.8 1,362.7 1,073.2
Net earnings 297.8 329.3 321.4
Activity under stock plans (6.4) (20.2) (31.9)
Ending balance 1,963.2 1,671.8 1,362.7
Common stock in treasury:
Balance at beginning of year (1,719.3) (1,755.6) (1,754.2) (38,901) (39,772) (40,410)
Treasury stock purchased – – (53.0) – – (783)
Activity under stock plans 16.9 36.3 51.6 414 871 1,421
Ending balance (1,702.4) (1,719.3) (1,755.6) (38,487) (38,901) (39,772)
Accumulated other comprehensive (loss)/income:
Cumulative translation adjustment:
Balance at beginning of year 51.3 47.5 (26.4)
Foreign currency translation adjustment 12.7 3.8 73.9
Ending balance 64.0 51.3 47.5
Pension liability:
Balance at beginning of year (36.6) 9.9 (31.4)
Pension/Postretirement activity (78.6) (46.5) 20.5
Adjustment to initially apply new
accounting guidance – – 20.8
Ending balance, net of tax of $(53.9) in 2009,
$(8.0) in 2008 and $9.8 in 2007 (115.2) (36.6) 9.9
Deferred loss on hedging activity:
Balance at beginning of year (6.8) (10.6) –
Activity 3.1 3.8 (10.6)
Ending balance, net of tax of $(2.1) in 2009,
$(3.0) in 2008 and $(4.7) in 2007
(3.7)
(6.8)
(10.6)
Total accumulated other comprehensive
(loss)/income (54.9) 7.9 46.8
Total shareholders’ equity $ 1,762.3 $ 996.3 $ 653.9
The above financial statements should be read in conjunction with the Notes To Consolidated Financial Statements.