Lexmark 2011 Annual Report Download - page 76

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Lexmark International, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE EARNINGS
For the years ended December 31, 2011, 2010 and 2009
(In Millions)
Class A
and B
Common Stock Capital in
Excess
of Par
Retained
Earnings
Treasury
Stock
Accumulated
Other
Comprehensive
Earnings
(Loss)
Total
Stockholders’
EquityShares Amount
Balance at December 31, 2008 ...................... 77.7 $0.9 $803.5 $ 692.5 $(404.5) $(280.3) $ 812.1
Comprehensive earnings, net of taxes
Net earnings .................................... 145.9 145.9
Other comprehensive earnings (loss):
Pension or other postretirement benefits, net of
reclass ..................................... 8.7
Translation adjustment .......................... 27.8
Net unrealized gain (loss) on OTTI mark sec, net of
reclass ..................................... 1.1
Net unrealized gain (loss) on marketable securities,
net of reclass ................................ 1.8
Other comprehensive earnings (loss) ................ 39.4 39.4
Comprehensive earnings, net of taxes ................. 185.3
Adoption of new accounting guidance — OTTI (1) ........ 1.4 (1.7) (0.3)
Shares issued under deferred stock plan compensation . . 0.4 —
Tax benefit (shortfall) related to stock plans ............ (3.9) (3.9)
Stock-based compensation .......................... 20.4 20.4
Balance at December 31, 2009 ...................... 78.1 0.9 820.0 839.8 (404.5) (242.6) 1,013.6
Comprehensive earnings, net of taxes
Net earnings .................................... 340.0 340.0
Other comprehensive earnings (loss):
Pension or other postretirement benefits, net of
reclass ..................................... 2.6
Translation adjustment .......................... 15.2
Net unrealized gain (loss) on OTTI mark sec, net of
reclass ..................................... 1.2
Net unrealized gain (loss) on marketable securities,
net of reclass ................................ 0.1
Other comprehensive earnings (loss) ................ 19.1 19.1
Comprehensive earnings, net of taxes ................. 359.1
Shares issued under deferred stock plan compensation . . 0.5 —
Deferred stock units granted under deferred compensation
election ........................................ 0.1 0.1
Shares issued upon exercise of options ................ 0.0 0.7 0.7
Tax benefit (shortfall) related to stock plans ............ 1.3 1.3
Stock-based compensation .......................... 19.4 19.4
Treasury shares issued ............................. 0.0 0.1 0.1
Balance at December 31, 2010 ...................... 78.6 0.9 841.5 1,179.8 (404.4) (223.5) 1,394.3
Comprehensive earnings, net of taxes
Net earnings .................................... 320.9 320.9
Other comprehensive earnings (loss): ...............
Pension or other postretirement benefits, net of
reclass ..................................... (49.5)
Translation adjustment .......................... (29.6)
Net unrealized gain (loss) on OTTI mark sec, net of
reclass ..................................... 0.1
Net unrealized gain (loss) on marketable securities,
net of reclass ................................ (1.2)
Other comprehensive earnings (loss) ................ (80.2) (80.2)
Comprehensive earnings, net of taxes ................. 240.7
Shares issued under deferred stock plan compensation . . 0.7 —
Deferred stock units granted under deferred compensation
election ........................................ 0.7 0.7
Tax benefit (shortfall) related to stock plans ............ 1.8 1.8
Stock-based compensation .......................... 22.2 22.2
Dividends declared on Class A common stock, $0.25 per
share (2) ........................................ 0.4 (18.4) (18.0)
Treasury shares purchased .......................... (7.9) (250.0) (250.0)
Balance at December 31, 2011 ...................... 71.4 $0.9 $866.6 $1,482.3 $(654.4) $(303.7) $1,391.7
(1) Cumulative effect adjustment related to the adoption of accounting guidance regarding recognition and presentation of other-than-temporary
impairments (“OTTI”)
(2) Includes $18.0 million cash dividend paid in 2011 as well as $0.4 million dividend equivalent units granted
See notes to consolidated financial statements.
72