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Lexmark International, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE EARNINGS
For the years ended December 31, 2007, 2006 and 2005
(In Millions)
Shares Amount
Capital in
Excess of
Par
Retained
Earnings
Treasury
Stock
Accumulated
Other
Comprehensive
Earnings
(Loss)
Total
Stockholders’
Equity
Class A
and B
Common Stock
Balance at December 31, 2004 ...................... 127.6 $ 1.7 $1,076.0 $ 2,663.7 $(1,493.2) $(165.3) $ 2,082.9
Comprehensive earnings, net of taxes
Net earnings . . . . . . . . . . . . . . . ................. 356.3 356.3
Minimum pension liability adjustment . . . .............. (14.8)
Cash flow hedges, net of reclassifications . . . . . . . . . . . . . . 35.9
Translation adjustment . . . . . . . . . . . .............. (19.3)
Net unrealized gain (loss) on marketable securities . . . . . . . . . 0.2
Other comprehensive earnings (loss) . . . . .............. 2.0 2.0
Comprehensive earnings, net of taxes . . ................. 358.3
Deferred stock plan compensation . . . . . . . .............. 0.1 4.1 4.1
Shares issued upon exercise of options . ................. 1.0 28.4 28.4
Shares issued under employee stock purchase plan . . . . . . . . . . . 0.1 8.6 8.6
Tax benefit related to stock plans . . . . . ................. 15.8 15.8
Treasury shares purchased . . . . . . . . . . . .............. (17.0) (1,069.9) (1,069.9)
Treasury shares issued ........................... 0.1 0.5 0.5
Treasury shares retired ........................... (0.5) (300.4) (2,031.2) 2,332.1 —
Balance at December 31, 2005 ...................... 111.9 1.2 832.5 988.8 (230.5) (163.3) 1,428.7
Comprehensive earnings, net of taxes
Net earnings . . . . . . . . . . . . . . . ................. 338.4 338.4
Other comprehensive earnings (loss):
Minimum pension liability adjustment . . . .............. 26.9
Cash flow hedges, net of reclassifications . . . . . . . . . . . . . . (6.4)
Translation adjustment . . . . . . . . . . . .............. 22.3
Net unrealized gain (loss) on marketable securities . . . . . . . . . 0.6
Other comprehensive earnings (loss) . . . . .............. 43.4 43.4
Comprehensive earnings, net of taxes . . ................. 381.8
Adjustment to initially apply SFAS 158, net of taxes . . . . . . . . . . . (11.0) (11.0)
Shares issued under deferred stock plan compensation . . . . . . . . . 0.1 0.1 0.1
Shares issued upon exercise of options . ................. 1.3 46.6 46.6
Shares issued under employee stock purchase plan . . . . . . . . . . . 0.1 6.2 6.2
Tax benefit related to stock plans . . . . . ................. 9.6 9.6
Stock-based compensation . . . . . . . . . . . .............. 43.7 43.7
Treasury shares purchased . . . . . . . . . . . .............. (16.5) (871.0) (871.0)
Treasury shares issued ........................... 0.1 0.5 0.5
Treasury shares retired ........................... (0.1) (111.4) (699.7) 811.2 —
Balance at December 31, 2006 ...................... 97.0 1.1 827.3 627.5 (289.8) (130.9) 1,035.2
Comprehensive earnings, net of taxes
Net earnings . . . . . . . . . . . . . . . ................. 300.8 300.8
Other comprehensive earnings (loss):
Pension or other postretirement benefits, net of reclass . . . . . . . 17.5
Cash flow hedges, net of reclassifications . . . . . . . . . . . . . . (0.7)
Translation adjustment . . . . . . . . . . . .............. 22.5
Net unrealized gain (loss) on marketable securities . . . . . . . . . —
Other comprehensive earnings (loss) . . . . .............. 39.3 39.3
Comprehensive earnings, net of taxes . . ................. 340.1
Adoption of FIN 48
(1)
............................. 7.4 7.4
Shares issued under deferred stock plan compensation . . . . . . . . . 0.1 0.1
Shares issued upon exercise of options . ................. 0.3 10.0 10.0
Shares issued under employee stock purchase plan . . . . . . . . . . . 0.1 5.6 5.6
Tax benefit related to stock plans . . . . . ................. 3.6 3.6
Stock-based compensation . . . . . . . . . . . .............. 41.2 41.2
Treasury shares purchased . . . . . . . . . . . .............. (2.7) (165.0) (165.0)
Treasury shares issued ........................... 0.1 0.1
Balance at December 31, 2007 ...................... 94.7 $ 1.1 $ 887.8 $ 935.7 $ (454.7) $ (91.6) $ 1,278.3
(1) Adjustment to retained earnings related to adoption of FIN 48 was $7.340 million
See notes to consolidated financial statements.
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