Kodak 2008 Annual Report Download - page 58

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56
Eastman Kodak Company
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY continued
(in millions, except share and per share data)
Accumulated
Additional Other
Common Paid In
Retained
Comprehensive Treasury
Stock (1) Capital
Earnings
(Loss) Income Stock Total
Shareholders’ Equity as of
December 31, 2007 $ 978 $ 889
$ 6,474
$ 452 $ (5,764) $ 3,029
Net loss - -
(442)
- - (442)
Other comprehensive loss:
Unrealized gains arising from
hedging activity ($8 million pre-tax) - -
-
(8) - (8)
Reclassification adjustment for hedging
related gains included in net earnings
($8 million pre-tax) - -
-
(8) - (8)
Currency translation adjustments - -
-
(80) - (80)
Pension liability adjustment
($1,147 million pre-tax) - -
-
(1,105) - (1,105)
Other comprehensive loss - -
-
(1,201) - (1,201)
Comprehensive loss (1,643)
Cash dividends declared
($.50 per common share) - -
(139)
- - (139)
Recognition of equity-based
compensation expense - 18
-
--18
Share repurchases (20,046,396 shares) (301) (301)
Treasury stock issued, net
(159,021 shares) (2) - (5)
(12)
-14(3)
Unvested stock issuances
(56,600 shares) - (1)
(2)
- 3 -
Shareholders’ Equity as of
December 31, 2008 $ 978 $ 901
$ 5,879
$ (749) $ (6,048) $ 961
(1) There are 100 million shares of $10 par value preferred stock authorized, none of which have been issued.
(2) Includes Stock Options exercised in 2006 and 2007, and other stock awards issued, offset by shares surrendered for taxes.
The accompanying notes are an integral part of these consolidated financial statements.