Eversource 2002 Annual Report Download - page 39

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37
Consolidated Statements of Shareholders’ Equity
Accumulated
Capital Deferred Retained Other
Common Surplus, Contribution Earnings Comprehensive Treasury
(Thousands of Dollars) Shares Paid In Plan – ESOP (a) Income/(Loss) Stock Total
Balance as of January 1, 2000 $ 686,969 $ 942,025 $(127,725) $ 581,817 $ 1,524 $ (1,299) $ 2,083,311
Net loss for 2000 (28,586) (28,586)
Cash dividends on common shares –
$0.40 per share (57,358) (57,358)
Issuance of 11,388,032 common shares,
$5 par value 56,940 164,443 221,383
Transaction fee on forward
share purchase arrangement (13,786) (13,786)
Allocation of benefits – ESOP (1,617) 13,262 11,645
Redemption of preferred stock (749) (749)
Capital stock expenses, net 2,478 2,478
Other comprehensive income 245 245
Balance as of December 31, 2000 743,909 1,106,580 (114,463) 495,873 1,769 (15,085) 2,218,583
Net income for 2001 243,510 243,510
Cash dividends on common shares –
$0.45 per share (60,923) (60,923)
Issuance of 108,779 common shares,
$5 par value 544 1,207 1,751
Allocation of benefits – ESOP (2,296) 12,654 10,358
Repurchase of common shares (293,452) (293,452)
Mark-to-market on forward
share purchase arrangement 29,934 29,934
Capital stock expenses, net 2,118 2,118
Other comprehensive loss (34,239) (34,239)
Balance as of December 31, 2001 744,453 1,107,609 (101,809) 678,460 (32,470) (278,603) 2,117,640
Net income for 2002 152,109 152,109
Cash dividends on common shares –
$0.525 per share (67,793) (67,793)
Issuance of 485,207 common shares,
$5 par value 2,426 5,032 7,458
Allocation of benefits –
ESOP and restricted stock (4,679) 14,063 2,835 12,219
Repurchase of common shares (58,885) (58,885)
Capital stock expenses, net 376 376
Other comprehensive income 47,397 47,397
Balance as of December 31, 2002 $746,879 $1,108,338 $ (87,746) $765,611 $14,927 $(337,488) $2,210,521
(a) Certain consolidated subsidiaries have dividend restrictions imposed by their long-term debt agreements.These restrictions also limit the amount of
retained earnings available for NU common dividends. At December 31, 2002, retained earnings available for payment of dividends totaled $318.3 million.
The accompanying notes are an integral part of these consolidated financial statements.