IBM 1997 Annual Report Download - page 55

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consolidated statement of stockholders’ equity
International Business Machines Corporation
and Subsidiary Companies
Net
Unrealized
(Dollars in millions) Employee Gain on
Preferred Common Retained Translation Treasury Benefits Marketable
Stock Stock Earnings Adjustments Stock Trust Securities Total
1995
Stockholders’ equity, January 1, 1995 $1,081 $7,342 $12,352 $2,672 $(34) $–$–$23,413
Net earnings 4,178 4,178
Cash dividends declared – common stock (572) (572)
Cash dividends declared – preferred stock (20) (20)
Common stock purchased and retired
(101,812,600*shares) (655) (4,209) (4,864)
Preferred stock purchased and retired
(8,534,289 shares) (828) (42) (870)
Common stock issued under employee
plans (8,543,896*shares) 279 279
Purchases (9,324,094*shares) and sales
(9,413,928*shares) of treasury stock
under employee plans – net (57) (7) (64)
Conversion of debentures
(13,306,242*shares) 471 471
Tax effect – stock transactions 51 51
Other 364 57 421
Stockholders’ equity, December 31, 1995 253 7,488 11,630 3,036 (41) – 57 22,423
1996
Net earnings 5,429 5,429
Cash dividends declared – common stock (686) (686)
Cash dividends declared – preferred stock (20) (20)
Common stock purchased and retired
(97,951,400*shares) (710) (5,046) (5,756)
Common stock issued under employee
plans (19,694,458*shares) 811 (13) 798
Purchases (8,914,332*shares) and sales
(7,584,432*shares) of treasury stock
under employee plans – net (105) (94) (199)
Tax effect – stock transactions 163 163
Other (635) 111 (524)
Stockholders’ equity, December 31, 1996 253 7,752 11,189 2,401 (135) – 168 21,628
1997
Net earnings 6,093 6,093
Cash dividends declared – common stock (763) (763)
Cash dividends declared – preferred stock (20) (20)
Common stock purchased and retired
(68,777,336 shares) (565) (5,455) (6,020)
Preferred stock purchased and retired
(13,450 shares) (1) (1)
Common stock issued under employee
plans (19,651,603 shares) 985 (2) 983
Purchases (3,850,643 shares) and sales
(5,105,754 shares) of treasury stock
under employee plans – net (32) 49 17
Employee benefits trust (10,000,000 shares) (860) (860)
Tax effect – stock transactions 429 429
Other (1,610) (60) (1,670)
Stockholders’ equity, December 31, 1997 $252 $8,601 $11,010 $791 $(86) $(860) $108 $19,816
*Adjusted to reflect a two-for-one stock split on May 9, 1997.
The notes on pages 54 through 77 of the 1997 IBM Annual Report are an integral part of this statement.
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