Estee Lauder 2004 Annual Report Download - page 59

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THE EST{E LAUDER COMPANIES INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME
YEAR ENDED JUNE 30 2004 2003 2002
(In millions)
STOCKHOLDERS’ EQUITY
Common stock, beginning of year $2.4 $ 2.4 $ 2.4
Common stock, end of year 2.4 2.4 2.4
Paid-in capital, beginning of year 293.7 268.8 258.3
Stock compensation programs 88.6 24.9 10.5
Paid-in capital, end of year 382.3 293.7 268.8
Retained earnings, beginning of year 1,613.6 1,363.7 1,242.7
Preferred stock dividends —(23.4) (23.4)
Common stock dividends (68.5) (46.5) (47.5)
Net earnings for the year 342.1 319.8 191.9
Retained earnings, end of year 1,887.2 1,613.6 1,363.7
Accumulated other comprehensive income (loss), beginning of year (53.1) (92.5) (120.5)
Other comprehensive income 63.6 39.4 28.0
Accumulated other comprehensive income (loss), end of year 10.5 (53.1) (92.5)
Treasury stock, beginning of year (433.0) (80.5) (30.8)
Acquisition of treasury stock (115.9) (352.5) (49.7)
Treasury stock, end of year (548.9) (433.0) (80.5)
Total stockholders’ equity $1,733.5 $1,423.6 $1,461.9
COMPREHENSIVE INCOME
Net earnings $ 342.1 $ 319.8 $ 191.9
Other comprehensive income (loss):
Net unrealized investment gains (losses) (0.6) 0.8 (3.0)
Net derivative instrument gains (losses) 11.7 7.6 (7.1)
Net minimum pension liability adjustments 16.0 (20.3) (7.9)
Translation adjustments 36.5 51.3 46.0
Other comprehensive income (loss) 63.6 39.4 28.0
Total comprehensive income $ 405.7 $ 359.2 $ 219.9
See notes to consolidated financial statements.
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