Estee Lauder 2007 Annual Report Download - page 58

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YEAR ENDED JUNE 30 2007 2006 2005
(In millions)
STOCKHOLDERS’ EQUITY
Common stock, beginning of year $ 2.5 $ 2.5 $ 2.4
Stock-based compensation programs 0.1 — 0.1
Common stock, end of year 2.6 2.5 2.5
Paid-in capital, beginning of year 581.0 465.2 382.3
Stock-based compensation programs 220.7 115.8 82.9
Paid-in capital, end of year 801.7 581.0 465.2
Retained earnings, beginning of year 2,361.9 2,203.2 1,887.2
Cumulative effect of adjustments resulting from adoption of SAB No. 108,
net of tax (Note 3) 24.2 — —
Adjusted retained earnings, beginning of year 2,386.1 2,203.2 1,887.2
Common stock dividends (103.8) (85.5) (90.1)
Net earnings for the year 449.2 244.2 406.1
Retained earnings, end of year 2,731.5 2,361.9 2,203.2
Accumulated other comprehensive income, beginning of year 64.7 9.4 10.5
Other comprehensive income (loss) 47.3 55.3 (1.1)
Adjustment to initially apply FASB Statement No. 158, net of tax (Note 10) (57.3) — —
Accumulated other comprehensive income, end of year 54.7 64.7 9.4
Treasury stock, beginning of year (1,387.8) (987.5) (548.9)
Acquisition of treasury stock, net of issuances (1,003.7) (400.3) (438.6)
Treasury stock, end of year (2,391.5) (1,387.8) (987.5)
Total stockholders’ equity $ 1,199.0 $ 1,622.3 $1,692.8
COMPREHENSIVE INCOME
Net earnings $ 449.2 $ 244.2 $ 406.1
Other comprehensive income (loss):
Net unrealized investment gains (losses), net of tax 0.3 0.1 0.3
Net derivative instrument gains (losses), net of tax (2.1) (1.7) 1.8
Net minimum pension liability adjustments, net of tax (4.0) 29.9 (11.4)
Translation adjustments 53.1 27.0 8.2
Other comprehensive income (loss) 47.3 55.3 (1.1)
Total comprehensive income $ 496.5 $ 299.5 $ 405.0
2
00
7
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496.5
See notes to consolidated fi nancial statements.
THE EST{E LAUDER COMPANIES INC. 57
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME