Lockheed Martin 1999 Annual Report Download - page 36

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43
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Lockheed Martin Corporation
Accumulated
Additional Unearned Other Total
Preferred Common Paid-In Retained ESOP Comprehensive Stockholders’ Comprehensive
(In millions, except per share data) Stock Stock Capital Earnings Shares Income (Loss) Equity Income
Balance at December 31, 1996 $ 1,000 $193 $ 92 $ 5,823 $(252) $ — $ 6,856 —
Net earnings — — — 1,300 — — 1,300 $1,300
Dividends declared on preferred
stock ($2.65 per share) — — — (53) — — (53) —
Dividends declared on common
stock ($.80 per share) — — — (299) — — (299) —
Stock awards and options, and
ESOP activity — 1 161 — 36 — 198 —
Redemption of preferred stock (1,000) — (228) (1,598) — — (2,826) —
Balance at December 31, 1997 — 194 25 5,173 (216) — 5,176 $1,300
Net earnings — — — 1,001 — — 1,001 $1,001
Dividends declared on common
stock ($.82 per share) — — — (310) — — (310) —
Stock awards and options, and
ESOP activity — 2 204 — 34 — 240 —
Stock issued for acquisitions — — 38 — — — 38 —
Other comprehensive income (loss) — — — — — (8) (8) (8)
Two-for-one stock split — 197 (197) — — — — —
Balance at December 31, 1998 — 393 70 5,864 (182) (8) 6,137 $ 993
Net earnings — — — 382 — — 382 $ 382
Dividends declared on common
stock ($.88 per share) — — — (345) — — (345) —
Stock awards and options, and
ESOP activity — 5 152 — 32 — 189 —
Other comprehensive income (loss) — — — — — (2) (2) (2)
Balance at December 31, 1999 $ — $ 398 $ 222 $ 5,901 $ (150) $(10) $ 6,361 $ 380
See accompanying Notes to Consolidated Financial Statements.