IBM 2005 Annual Report Download - page 52

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ConsolidatedStatementofStockholders’Equity
INTERNATIONALBUSINESSMACHINESCORPORATION ANDSUBSIDIARYCOMPANIES
(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 $«20,986 $«26,757 $«(20,213) $««(3,418) $«24,112
Netincomeplusgainsand(losses)not
affectingretainedearnings:
Netincome 6,558 $«««6,558
Gainsand(losses)notaffecting
retainedearnings(netoftax):
NetunrealizedlossesonSFASNo.133
cashflowhedge derivatives
(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 $«««8,080
Cashdividendsdeclared—commonstock (1,085) (1,085)
Commonstockissuedunderemployeeplans
(16,445,473shares) 2,392 (13) 2,379
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)
Incometaxbenefits—stocktransactions 108 108
Stockholders’equity,December31,2003 $«23,490 $«31,971 $«(24,034) $««(1,896) $«29,531
Theaccompanyingnotesonpages 54 through 100 areanintegralpartofthefinancialstatements.
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