Microsoft 2005 Annual Report Download - page 42

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PAGE 41
STOCKHOLDERS’ EQUITY STATEMENTS
(In millions)
Y
ear Ended June 30
2003 2004 2005
Common stock and paid-in capital
Balance, beginning of period $41,845 $49,234 $
56,396
Common stock issued 2,966 2,815 3,223
Common stock repurchased (691) (416) (1,737)
Stock-based compensation expense 3,749 5,734 2,448
Stock option income tax benefits/(deficiencies)
1,365 (989) 89
Other, net –18(6)
Balance, end of period 49,234 56,396 60,413
Retained earnings (deficit)
Balance, beginning of period 12,997 15,678 18,429
Net income 7,531 8,168 12,254
Other comprehensive income:
Net gains/(losses) on derivative instruments
(102) 101 (58)
Net unrealized investments gains/(losses) 1,243 (873) 371
Translation adjustments and other 116 51 (6)
Comprehensive income 8,788 7,447 12,561
Common stock cash dividends (857) (1,729) (36,968)
Common stock repurchased
(5,250) (2,967) (6,320)
Balance, end of period 15,678 18,429 (12,298)
Total stockholders’ equit
y
$64,912 $74,825 $
48,115
See accompanying notes.