IBM 2005 Annual Report Download - page 54

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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
2005
Stockholders’equity,January1,2005 $«26,673 $«38,148 $«(31,072) $«(2,061) $«31,688
Netincomeplusgainsand(losses)not
affectingretainedearnings:
Netincome 7,934 $«««7,934
Gainsand(losses)notaffectingretained
earnings(netoftax):
Netunrealized gains onSFASNo.133
cashflowhedge derivatives
(netoftax expense of$502) 891 891
Foreigncurrencytranslationadjustments
(netoftax expense of$345) (1,153) (1,153)
Minimumpensionliabilityadjustment
(netoftax expense of$320) 290 290
Netunrealizedgainsonmarketable
securities (netoftaxexpenseof$8) 17 17
Totalgainsand(losses)notaffecting
retainedearnings 45
Subtotal:Netincomeplusgainsand(losses)
notaffectingretainedearnings $«««7,979
Cashdividendsdeclared—commonstock (1,250) (1,250)
Commonstockissuedunderemployeeplans
(18,572,017 shares) 2,257 2,257
Purchases(606,697 shares)andsales
(2,594,786 shares)oftreasurystock
underemployeeplans—net (98) 197 99
Othertreasurysharespurchased,notretired
(90,237,800shares) (7,671) (7,671)
Decreaseinsharesremainingtobeissued
inacquisition (24) (24)
Incometaxbenefits—stocktransactions 20 20
Stockholders’ equity,December31,2005 $«28,926 $«44,734 $«(38,546) $«(2,016) $«33,098
Theaccompanyingnotesonpages 54 through 100 areanintegralpartofthefinancialstatements.
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