Eversource 2004 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2004 Eversource 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 92

  • 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
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

51
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’EQUITY
Accumulated
Capital Deferred Other
Common Shares Surplus, Contribution Retained Comprehensive Treasury
Shares Amount Paid In Plan — ESOP Earnings Income/(Loss) Stock Total
Balance as of
January 1, 2002 130,132,136 $ 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 common shares,
$5 par value 485,207 2,426 5,032 7,458
Allocation of benefits — ESOP 607,475 (6,410) 14,063 2,835 10,488
Restricted shares, net (11,887) 1,731 (151) 1,580
Repurchase of
common shares (3,650,900) (58,734) (58,734)
Capital stock expenses, net 376 376
Other comprehensive income 47,397 47,397
Balance as of
December 31, 2002 127,562,031 746,879 1,108,338 (87,746) 765,611 14,927 (337,488) 2,210,521
Net income for 2003 116,411 116,411
Cash dividends on
common shares —
$0.575 per share (73,090) (73,090)
Issuance of common shares,
$5 par value 1,022,556 5,113 8,541 13,654
Allocation of benefits — ESOP 607,020 (4,030) 14,052 10,022
Restricted shares, net (7,508) (4,110) (99) (4,209)
Repurchase of
common shares (1,638,100) (23,210) (23,210)
Issuance of treasury shares 150,000 2,772 2,772
Capital stock expenses, net 185 185
Other comprehensive income 11,064 11,064
Balance as of
December 31, 2003 127,695,999 751,992 1,108,924 (73,694) 808,932 25,991 (358,025) 2,264,120
Net income for 2004 116,588 116,588
Cash dividends
on common shares —
$0.625 per share (80,177) (80,177)
Issuance of common shares,
$5 par value 832,578 4,163 6,774 10,937
Allocation of benefits — ESOP 567,907 (2,384) 13,147 10,763
Restricted shares, net (62,042) 1,250 (1,101) 149
Tax deduction for stock
options exercised and
Employee Stock Purchase
Plan disqualifying dispositions 1,356 1,356
Capital stock expenses, net 186 186
Other comprehensive income (27,211) (27,211)
Balance as of
December 31, 2004 129,034,442 $756,155 $1,116,106 $ (60,547) $845,343 $ (1,220) $(359,126) $2,296,711
The accompanying notes are an integral part of these consolidated financial statements.
(Thousands of Dollars,
except share information)