Lockheed Martin 2004 Annual Report Download - page 47

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Accumulated Compre-
Additional Unearned Unearned Other Total hensive
Common Paid-In Retained Compen- ESOP Comprehensive Stockholders’ (Loss)
(In millions, except per share data) Stock Capital Earnings sation Shares (Loss) Income Equity Income
Balance at December 31, 2001 $441 $2,142 $3,961 $ — $(84) $ (17) $6,443
Net earnings — — 500 — — — 500 $ 500
Common stock dividends declared
($0.44 per share) — — (199) — — — (199) —
Stock-based awards and ESOP activity 15 703 — — 34 — 752 —
Repurchases of common stock (1) (49) — — — — (50) —
Other comprehensive income (loss):
Minimum pension liability — — — — — (1,537) (1,537) (1,537)
Net unrealized loss from
available-for-sale investments — — — — — (100) (100) (100)
Reclassification adjustments related
to available-for-sale investments — — — — — 53 53 53
Other — — — — — 3 3 3
Balance at December 31, 2002 455 2,796 4,262 — (50) (1,598) 5,865 $(1,081)
Net earnings — — 1,053 — — — 1,053 $ 1,053
Common stock dividends
declared ($0.58 per share) — — (261) — — — (261) —
Repurchases of common stock (11) (471) — — — — (482) —
Stock-based awards and ESOP activity 2 152 — — 33 — 187 —
Other comprehensive income (loss):
Minimum pension liability — — — — — 331 331 331
Net unrealized gain from
available-for-sale investments — — — — — 46 46 46
Other — — — — — 17 17 17
Balance at December 31, 2003 446 2,477 5,054 — (17) (1,204) 6,756 $ 1,447
Net earnings — — 1,266 — — — 1,266 $ 1,266
Common stock dividends declared
($0.91 per share) — — (405) — — — (405) —
Repurchases of common stock (15) (757) — — — — (772) —
Stock-based awards and ESOP activity 7 503 — (23) 17 — 504 —
Other comprehensive income (loss):
Minimum pension liability — — — — — (285) (285) (285)
Reclassification adjustments related to
available-for-sale investments — — — — — (56) (56) (56)
Other — ——— — 13 13 13
Balance at December 31, 2004 $438 $2,223 $5,915 $(23) $ — $(1,532) $7,021 $ 938
See accompanying Notes to Consolidated Financial Statements.
Lockheed Martin Corporation
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
45