IBM 2005 Annual Report Download - page 53

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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
2004
Stockholders’equity,January1,2004 $«23,490 $«31,971 $«(24,034) $«(1,896) $«29,531
Netincomeplusgainsand(losses)not
affectingretainedearnings:
Netincome 7,479 $«««7,479
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$112) (199) (199)
Foreigncurrencytranslationadjustments
(netoftaxbenefitof$93) 1,055 1,055
Minimumpensionliabilityadjustment
(netoftaxbenefitof$540) (1,066) (1,066)
Netunrealizedgainsonmarketable
securities (netoftaxexpenseof$30) 45 45
Totalgainsand(losses)notaffecting
retainedearnings (165)
Subtotal:Netincomeplusgainsand(losses)
notaffectingretainedearnings $«««7,314
Cashdividendsdeclared—commonstock (1,174) (1,174)
Commonstockissuedunderemployeeplans
(25,293,484shares) 3,033 3,033
Purchases(422,338shares)andsales
(2,840,648shares)oftreasurystock
underemployeeplans—net (128) 237 109
Othertreasurysharespurchased,notretired
(78,562,974shares) (7,275) (7,275)
Decreaseinsharesremainingtobeissued
inacquisition (6) (6)
Incometaxbenefits—stocktransactions 156 156
Stockholders’equity,December31,2004 $«26,673 $«38,148 $«(31,072) $«(2,061) $«31,688
Theaccompanyingnotesonpages 54 through 100 areanintegralpartofthefinancialstatements.
52_ ConsolidatedStatements