IBM 2004 Annual Report Download - page 48

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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(Dollars in millions)
Common Accumulated
Stock Gains and
and (Losses) Not
Additional Affecting
Paid-in Retained Treasury Retained
Capital Earnings Stock Earnings Total
2002
Stockholders’ equity, January 1, 2002 $«14,248 $«30,142 $«(20,114) $««««(828) $«23,448
Net income plus gains and (losses) not affecting retained earnings:
Net income 3,579 $«««3,579
Gains and (losses) not affecting retained earnings (net of tax):
Net unrealized losses on SFAS No. 133 cash flow hedge derivatives during 2002
(net of tax benefit of $372)(659) (659)
Foreign currency translation adjustments (net of tax benefit of $197)850 850
Minimum pension liability adjustment (net of tax benefit of $1,574)(2,765) (2,765)
Net unrealized losses on marketable securities (net of tax benefit of $8)(16) (16)
Total gains and (losses) not affecting retained earnings (2,590)
Subtotal: Net income plus gains and (losses) not affecting retained earnings $««««««989
Cash dividends declared— common stock (1,005) (1,005)
Common stock issued under employee plans (7,255,995 shares) 440 4 444
Purchases (189,797 shares) and sales (12,873,502 shares) of treasury stock
under employee plans— net (475) 1,311 836
Other treasury shares purchased, not retired (48,481,100 shares) (4,212) (4,212))
Treasury shares issued to fund the U.S. pension fund (24,037,354 shares) (576) 2,447 1,871
Shares issued/to be issued in the PwCC acquisition (3,677,213 shares issued) 43 (114) 355 284
Decrease in shares remaining to be issued in acquisition (9) (9)
Tax effect— stock transactions 136 136
Stockholders’ equity, December 31, 2002 $«14,858 $«31,555 $«(20,213) $«(3,418) $«22,782
The accompanying notes on pages 49 through 91 are an integral part of the financial statements.
International Business Machines Corporation and Subsidiary Companies
46
ibm annual report 2004