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MSFT 37 / 2002 FORM 10-K
Part II
Item 8
STOCKHOLDERS’ EQUITY STATEMENTS
In millions
Y
ear Ended June 30 2000 2001 2002
Convertible preferred stock
Balance, beginning of year $ 980
$ – $
–
Conversion of preferred to common stock (980)
–
–
Balance, end of year
–
–
–
Common stock and paid-in capital
Balance, beginning of year 13,844
23,195 28,390
Common stock issued 3,554
5,154 1,801
Common stock repurchased (210)
(394) (676)
Sales/(repurchases) of put warrants 472
(1,367)
–
Stock option income tax benefits 5,535
2,066 1,596
Other, net
–
(264) 536
Balance, end of year 23,195
28,390 31,647
Retained earnings
Balance, beginning of year 13,614
18,173 18,899
Net income 9,421
7,346 7,829
Other comprehensive income:
Cumulative effect of accounting change
–
(75)
–
Net gains/(losses) on derivative instruments
–
634 (91)
Net unrealized investment gains/(losses) (283)
(1,460) 5
Translation adjustments and other 23
(39) 82
Comprehensive income 9,161
6,406 7,825
Preferred stock dividends (13)
–
–
Immaterial pooling of interests 97
–
–
Common stock repurchased (4,686)
(5,680) (6,191)
Balance, end of year 18,173
18,899 20,533
Total stockholders’ equity $ 41,368
$ 47,289 $52,180
See accompanying notes.