Kraft 2007 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2007 Kraft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Kraft Foods Inc. and Subsidiaries
Consolidated Statements of Shareholders’ Equity
(in millions of dollars, except per share data)
Class
A and B
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Losses
Treasury
Stock
Total
Shareholders’
Equity
Balances at January 1, 2005 $ - $ 23,762 $ 8,304 $ (1,205) $ (950) $ 29,911
Comprehensive earnings:
Net earnings - - 2,632 - - 2,632
Other comprehensive losses, net
of income taxes - - - (458) - (458)
Total comprehensive earnings 2,174
Exercise of stock options and issuance
of other stock awards - 52 (12) - 118 158
Cash dividends declared
($0.87 per share) - - (1,471) - - (1,471)
Common Stock repurchased - - - - (1,200) (1,200)
Other - 21 - - - 21
Balances at December 31, 2005 $ - $ 23,835 $ 9,453 $ (1,663) $ (2,032) $ 29,593
Comprehensive earnings:
Net earnings - - 3,060 - - 3,060
Other comprehensive earnings, net
of income taxes - - - 645 - 645
Total comprehensive earnings 3,705
Initial adoption of FASB Statement
No. 158, net of income taxes
(Note 9) - - - (2,051) - (2,051)
Exercise of stock options and issuance
of other stock awards - (209) 202 - 152 145
Cash dividends declared
($0.96 per share) - - (1,587) - - (1,587)
Common Stock repurchased - - - - (1,250) (1,250)
Balances at December 31, 2006 $ - $ 23,626 $ 11,128 $ (3,069) $ (3,130) $ 28,555
Comprehensive earnings:
Net earnings - - 2,590 - - 2,590
Other comprehensive earnings, net
of income taxes - - - 1,234 - 1,234
Total comprehensive earnings 3,824
Initial adoption of FIN 48 (Note 1) - - 213 - - 213
Exercise of stock options and issuance
of other stock awards - 33 (79) - 293 247
Net settlement of employee stock
awards with Altria Group, Inc.
(Note 8) - (179) - - - (179)
Cash dividends declared
($1.04 per share) - - (1,643) - - (1,643)
Common Stock repurchased - - - - (3,687) (3,687)
Other - (35) - - - (35)
Balances at December 31, 2007 $ - $ 23,445 $ 12,209 $ (1,835) $ (6,524) $ 27,295
See notes to consolidated financial statements.
47