Lockheed Martin 2007 Annual Report Download - page 73

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Lockheed Martin Corporation
Consolidated Statement of Stockholders’ Equity
(In millions, except per share data)
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income Other
Total
Stockholders’
Equity
Compre-
hensive
Income
(Loss)
Balance at December 31, 2004 $438 $ 2,223 $ 5,915 $(1,532) $(23) $ 7,021
Net earnings — — 1,825 — — 1,825 $1,825
Common stock dividends declared
($1.05 per share) — — (462) — — (462) —
Repurchases of common stock (20) (1,202) — — — (1,222) —
Stock-based awards and ESOP activity 14 703 — — 9 726 —
Other comprehensive income (loss):
Minimum pension liability — — — (105) — (105) (105)
Net unrealized gain from
available-for-sale investments — — — 97 — 97 97
Other — — — (13) — (13) (13)
Balance at December 31, 2005 432 1,724 7,278 (1,553) (14) 7,867 $1,804
Net earnings — — 2,529 — — 2,529 $2,529
Common stock dividends declared
($1.25 per share) — — (538) — — (538) —
Repurchases of common stock (28) (2,076) — — — (2,104) —
Stock-based awards and ESOP activity 17 1,107 — — 14 1,138 —
Other comprehensive income (loss):
Minimum pension liability — — — 1,186 — 1,186 1,186
Reclassification adjustment related
to available-for-sale investments — — — (92) — (92) (92)
Other — — — (33) — (33) (33)
Adjustment for adoption of FAS 158 — — — (3,069) — (3,069) —
Balance at December 31, 2006 421 755 9,269 (3,561) — 6,884 $3,590
Net earnings — — 3,033 — — 3,033 $3,033
Common stock dividends declared
($1.47 per share) — — (615) — — (615) —
Repurchases of common stock (22) (1,634) (471) — — (2,127) —
Stock-based awards and ESOP
activity 10 879 — — — 889 —
Adoption of FIN 48 — — 31 — — 31 —
Other comprehensive income:
Postretirement benefit plans:
Unrecognized amounts in 2007 — — — 1,527 — 1,527 1,527
Reclassification adjustment for
recognition of prior period
amounts — — — 179 — 179 179
Other — — — 4 — 4 4
Balance at December 31, 2007 $409 $ — $11,247 $(1,851) $ — $ 9,805 $4,743
See accompanying Notes to Consolidated Financial Statements.
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