IBM 2000 Annual Report Download - page 69

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page no.
sixty-seven
consolidated statement of stockholders’equity
international business machines corporation
and Subsidiary Companies
Accumulated
Gains and
Losses Not
Employee Affecting
Preferred Common Retained Treasury Benefits Retained
(dollars in millions) Stock Stock Earnings Stock Trust Earnings Total
2000
Stockholders’ equity, December 31, 1999 «$«247 «$«11,762 «$«16,878 «««$«««(7,375) ««««$«(2,162) «$«1,161 «$«20,511
Net income plus gains and losses not
affecting retained earnings:
Net income 8,093 $«««8,093
Gains and losses not affecting retained
earnings (net of tax):
Foreign currency translation adjustments
(net of tax expense of $289)(531) (531)
Net unrealized losses on marketable
securities (net of tax benefit of $506)(925) (925)
Total gains and losses not affecting
retained earnings (1,456)
Subtotal: Net income plus gains and
losses not affecting retained earnings $«««6,637
Cash dividends declared
—
common stock (909) (909)
Cash dividends declared
—
preferred stock (20) (20)
Treasury shares purchased, not retired
(58,867,226 shares) (6,431) (6,431)
Common stock issued under employee
plans (17,275,350 shares) 615 1 616
Purchases (8,799,382 shares) and sales (9,074,212 shares)
of treasury stock under employee plans
—
net (259) 6 (253)
Fair value adjustment of employee benefits trust (439) 450 11
Increase due to shares remaining to be issued
in acquisition 40 40
Tax effect
—
stock transactions 422 422
Stockholders’ equity, December 31, 2000 $«247 $«12,400 $«23,784 $«(13,800) $«(1,712) $«««(295) $«20,624
The accompanying notes on pages 69 through 93 are an integral part of the financial statements.