JCPenney 2004 Annual Report Download - page 29

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J.C. PENNEY COMPANY, INC.2 004 ANNUAL REPORT
27
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Common Stock Accumulated
and Additional Other Total
Preferred Paid-in Reinvested Comprehensive Stockholders’
($ in millions)
Stock Capital Earnings (Loss)/Income Equity
January 26, 2002
$ 363 $ 3,330 $ 2,573 $ (137) $ 6,129
Net income
405 405
Unrealized gain on investments, net of tax of $(4)
8 8
Reclassification adjustment for gains included in
income from continuing operations, net of tax of $2
(3) (3)
Currency translation adjustments(1)
(54) (54)
Non-qualified plan minimum liability adjustment,
net of tax of $6
(7) (7)
Other comprehensive (loss) from discontinued
operations(2)
(10) (10)
Total comprehensive income
339
Dividends declared, common and preferred
(161) (161)
Common stock issued
87 87
Preferred stock redeemed
(30) (30)
Vesting of stock awards
66
January 25, 2003
333 3,423 2,817 (203) 6,370
Net (loss)
(928) (928)
Unrealized gain on investments, net of tax of $(22)
41 41
Currency translation adjustments(1)
25 25
Non-qualified plan minimum liability adjustment,
net of tax of $13
(24) (24)
Reclassification adjustment for currency translation
loss included in discontinued operations(2)
25 25
Other comprehensive (loss) from discontinued
operations, net of tax of $1
(2) (2)
Total comprehensive (loss)
(863)
Dividends declared, common and preferred
(161) (161)
Common stock issued
99 99
Preferred stock redeemed
(29) (29)
Vesting of stock awards
9 9
January 31, 2004
304 3,531 1,728 (138) 5,425
Net income
524 524
Unrealized gain on investments, net of tax of $(9)
14 14
Currency translation adjustments(1)
11 11
Non-qualified plan minimum liability adjustment,
net of tax of $14
(20) (20)
Other comprehensive income from discontinued
operations, net of tax of $(1)
11
Total comprehensive income
530
Dividends declared, common and preferred
(150) (150)
Common stock issued
1,284 1,284
Common stock repurchased and retired
(662) (1,290) (1,952)
Preferred stock redeemed
(304) (304)
Vesting of stock awards
23 23
January 29, 2005
$ –– $ 4,176 $ 812 $ (132) $ 4,856
(1) A deferred tax asset has not been established due to the historical reinvestment of earnings in the Company’s Brazilian subsidiary.
(2) A deferred tax asset was not established for the currency translation adjustment of Mexico discontinued operations.
The accompanying notes are an integral part of these Consolidated Financial Statements.