Intel 1999 Annual Report Download - page 33

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Consolidated statements of stockholders' equity
See accompanying notes.
Page 17
Common stock
and capital in excess
of par value
---------------------
Accumulated
Three years ended December 25, 1999 other
(In millions - except per share Number of Retained comprehensive
amounts) shares Amount earnings income Total
--------- ------- ------- ------------- --------
Balance at December 28, 1996 3,283 $ 2,897 $13,853 $ 122 $16,872
Components of comprehensive income:
Net income -- -- 6,945 -- 6,945
Change in unrealized gain on
available-for-sale investments, net of tax -- -- -- (64) (64)
------
Total comprehensive income 6,881
------
Proceeds from sales of shares
through employee stock plans,
tax benefit of $224 and other 61 581 (1) -- 580
Proceeds from sales of put warrants -- 288 -- -- 288
Reclassification of put warrant
obligation, net -- (144) (1,622) -- (1,766)
Repurchase and retirement of
common stock (88) (311) (3,061) -- (3,372)
Cash dividends declared
($0.058 per share) -- -- (188) -- (188)
----- ----- ------- ----- ------
Balance at December 27, 1997 3,256 3,311 15,926 58 19,295
Components of comprehensive income:
Net income -- -- 6,068 -- 6,068
Change in unrealized gain on
available-for-sale investments,
net of tax -- -- -- 545 545
------
Total comprehensive income 6,613
------
Proceeds from sales of shares
through employee stock plans,
tax benefit of $415 and other 66 922 -- -- 922
Proceeds from exercise of 1998
step-up warrants 155 1,620 -- -- 1,620
Proceeds from sales of put warrants -- 40 -- -- 40
Reclassification of put warrant
obligation, net -- 53 588 -- 641
Repurchase and retirement of
common stock (162) (1,124) (4,462) -- (5,586)
Cash dividends declared
($0.050 per share) -- -- (168) -- (168)
----- ----- ------- ----- ------
Balance at December 26, 1998 3,315 4,822 17,952 603 23,377
Components of comprehensive income:
Net income -- -- 7,314 -- 7,314
Change in unrealized gain on
available-for-sale investments, net of tax -- -- -- 3,188 3,188
------
Total comprehensive income 10,502
------
Proceeds from sales of shares
through employee stock plans,
tax benefit of $506 and other 56 1,049 -- -- 1,049
Proceeds from sales of put warrants -- 20 -- -- 20
Reclassification of put warrant
obligation, net -- 7 64 -- 71
Repurchase and retirement of
common stock (71) (1,076) (3,536) -- (4,612)
Issuance of common stock in
connection with Level One Communications
acquisition 34 1,963 -- -- 1,963
Stock options assumed in connection
with acquisitions -- 531 -- -- 531
Cash dividends declared
($0.110 per share) -- -- (366) -- (366)
----- ------ ------- ------ -------
Balance at December 25, 1999 3,334 $ 7,316 $21,428 $3,791 $32,535
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