IBM 2001 Annual Report Download - page 74

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72
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
1999*
Stockholders’ equity, January 1, 1999 $«247 $«10,121 $«10,141 $÷÷««(133) $«(1,854) $«÷«911 $«19,433
Net income plus gains and losses not
affecting retained earnings:
Net income 7,712 $«««7,712
Gains and losses not affecting retained
earnings (net of tax):
Foreign currency translation adjustments
(net of tax expense of $180)(549) (549)
Minimum pension liability adjustment 33
Net unrealized gains on marketable
securities (net of tax expense of $456)796 796
Total gains and losses not affecting
retained earnings 250
Subtotal: Net income plus gains and
losses not affecting retained earnings $«««7,962
Cash dividends declared
—
common stock (859) (859)
Cash dividends declared
—
preferred stock (20) (20)
Common stock issued under employee
plans (22,927,141 shares) 741 (1) 740
Purchases (6,418,975 shares) and sales (6,606,223 shares)
of treasury stock under employee plans
—
net (95) (50) (145)
Other treasury shares purchased, not retired
(70,711,971 shares) (7,192) (7,192)
Fair value adjustment of employee benefits trust 318 (308) 10
Increase due to shares issued by subsidiary 37 37
Tax effect
—
stock transactions 545 545
Stockholders’ equity, December 31,1999 $«247 $«11,762 $«16,878 $«««(7,375) $«(2,162) $«1,161 $«20,511
2000*
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)(538) (538)
Minimum pension liability adjustment 77
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)
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)
Other treasury shares purchased, not retired
(58,867,226 shares) (6,431) (6,431)
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