National Oilwell Varco 2010 Annual Report Download - page 66

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NATIONAL OILWELL VARCO, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY AND COMPREHENSIVE INCOME
(In millions)
Accumulated
Additional Other Total
Company Total
Shares Common Paid in Comprehensive Retained Stockholders Noncontrolling Stockholders
Outstanding Stock Capital Income
(Loss) Earnings Equity Interests Equity
Balance at
December 31, 2007 356 $ 3 $ 3,617 $ 195 $ 2,846 $ 6,661 $ 63 $ 6,724
Net income 1,952 1,952 16 1,968
Other comprehensive
income:
Currency translation
adjustments   (176) (176) (176)
Derivative financial
instruments   (160) (160) (160)
Change in defined
benefit plans (20) (20) (20)
Comprehensive income 1,596 1,612
Adoption of FAS158,
net of tax (2) (2) (2)
Stock issued in
acquisition 57 1 4,190 4,191 4,191
Acquired
noncontrolling interests 25 25
Dividends to
noncontrolling interests (8) (8)
Stock-based
compensation   67 67 67
Common stock issued 4 78 78 78
Excess tax benefit of
options exercised 37 37 37
Balance at
December 31, 2008 417 $ 4 $ 7,989 $ (161) $ 4,796 $ 12,628 $ 96 $ 12,724
Net income 1,469 1,469 4 1,473
Other comprehensive
income:
Currency translation
adjustments   100 100 100
Derivative financial
instruments   160 160 160
Change in defined
benefit plans (9) (9) (9)
Comprehensive income 1,720 1,724
Cash dividends, $1.10
per common share (460) (460) (460)
Dividends to
noncontrolling interests (13) (13)
Noncontrolling interest
contribution   28 28
Gain on sale of equity
interest, net of tax 148 148 148
Stock-based
compensation   68 68 68
Common stock issued 1 8 8 8
Excess tax benefit of
options exercised 1 1 1
Balance at
December 31, 2009 418 $ 4 $ 8,214 $ 90 $ 5,805 $ 14,113 $ 115 $ 14,228
Net income 1,667 1,667 (8) 1,659
Other comprehensive
income:
Currency translation
adjustments   13 13 13