IBM 2004 Annual Report Download - page 49

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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
2003
Stockholders’ equity, January 1, 2003 $«14,858 $«31,555 $«(20,213) $«(3,418) $«22,782
Net income plus gains and (losses) not affecting retained earnings:
Net income 7,583 $«««7,583
Gains and (losses) not affecting retained earnings (net of tax):
Net unrealized losses on SFAS No. 133 cash flow hedge derivatives during 2003
(net of tax benefit of $51)(91) (91)
Foreign currency translation adjustments (net of tax benefit of $125)1,768 1,768
Minimum pension liability adjustment (net of tax benefit of $124)(162) (162)
Net unrealized gains on marketable securities (net of tax expense of $3)77
Total gains and (losses) not affecting retained earnings 1,522
Subtotal: Net income plus gains and (losses) not affecting retained earnings $«««9,105
Cash dividends declared— common stock (1,085) (1,085)
Common stock issued under employee plans (16,445,473 shares) 1,205 (282) 923
Purchases (291,921 shares) and sales (5,992,342 shares) of treasury stock
under employee plans— net (246) 582 336
Other treasury shares purchased, not retired (49,994,514 shares) (4,403) (4,403)
Shares to be issued in the PwCC acquisition 8 8
Decrease in shares remaining to be issued in acquisition (4) (4)
Tax effect— stock transactions 202 202
Stockholders’ equity, December 31, 2003 $«16,269 $«37,525 $«(24,034) $«(1,896) $«27,864
The accompanying notes on pages 49 through 91 are an integral part of the financial statements.
International Business Machines Corporation and Subsidiary Companies
47
ibm annual report 2004