Pizza Hut 2004 Annual Report Download - page 52

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Consolidated฀Statements฀of฀Shareholders’฀Equity฀and฀
Comprehensive฀Income
Fiscal฀years฀ended฀December฀25,฀2004,฀December฀27,฀2003฀and฀December฀28,฀2002
฀ ฀ ฀ ฀ ฀ ฀
฀ ฀ ฀ Retained฀ Accumulated฀ ฀
฀ ฀ ฀ Earnings฀ Other
฀ Issued฀Common฀Stock฀ (Accumulated฀ Comprehensive
(in฀millions)฀ Shares฀ Amount฀ Deficit)฀ Income฀(Loss)฀ Total
Balance฀at฀December฀29,฀2001฀ 293฀ $฀1,097฀ $฀ (786)฀ $฀(207)฀ $฀ 104
Net฀income฀ ฀ ฀ ฀ ฀ 583฀ ฀ ฀ ฀ 583
Foreign฀currency฀translation฀adjustment฀฀
฀ arising฀during฀the฀period฀ ฀ ฀ ฀ ฀ ฀ ฀ 6฀ ฀ 6
Net฀unrealized฀loss฀on฀derivative฀instruments
฀ (net฀of฀tax฀impact฀of฀$1฀million)฀ ฀ ฀ ฀ ฀ ฀ ฀ (1)฀ ฀ (1)
Minimum฀pension฀liability฀adjustment
฀ (net฀of฀tax฀impact฀of฀$29฀million)฀ ฀ ฀ ฀ ฀ ฀ ฀ (47)฀ ฀ (47)
Comprehensive฀Income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 541
Repurchase฀of฀shares฀of฀common฀stock฀ (8)฀ ฀ (228)฀ ฀ ฀ ฀ ฀ ฀ (228)
Employee฀stock฀option฀exercises฀฀
฀ (includes฀tax฀impact฀of฀$49฀million)฀ 9฀ ฀ 174฀ ฀ ฀ ฀ ฀ ฀ 174
Compensation-related฀events฀ ฀ ฀ 3฀ ฀ ฀ ฀ ฀ ฀ 3
Balance฀at฀December฀28,฀2002฀ 294฀ $฀1,046฀ $฀ (203)฀ $฀(249)฀ $฀ 594
Net฀income฀ ฀ ฀ ฀ ฀ 617฀ ฀ ฀ ฀ 617
Foreign฀currency฀translation฀adjustment
฀ arising฀during฀the฀period฀ ฀ ฀ ฀ ฀ ฀ ฀ 67฀ ฀ 67
Foreign฀currency฀translation฀adjustment
฀ included฀in฀net฀income฀ ฀ ฀ ฀ ฀ ฀ ฀ 2฀ ฀ 2
Minimum฀pension฀liability฀adjustment
฀ (net฀of฀tax฀impact฀of฀$18฀million)฀ ฀ ฀ ฀ ฀ ฀ ฀ (30)฀ ฀ (30)
Comprehensive฀Income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 656
Repurchase฀of฀shares฀of฀common฀stock฀ (9)฀ ฀ (278)฀ ฀ ฀ ฀ ฀ ฀ (278)
Employee฀stock฀option฀exercises฀฀
฀ (includes฀tax฀impact฀of฀$26฀million)฀ 7฀ ฀ 136฀ ฀ ฀ ฀ ฀ ฀ 136
Compensation-related฀events฀ ฀ ฀ 12฀ ฀ ฀ ฀ ฀ ฀ 12
Balance฀at฀December฀27,฀2003฀ 292฀ $฀ 916฀ $฀ 414฀ $฀(210)฀ $฀1,120
Net฀income฀ ฀ ฀ ฀ ฀ 740฀ ฀ ฀ ฀ 740
Foreign฀currency฀translation฀adjustment฀ ฀฀
฀ arising฀during฀the฀period฀ ฀ ฀ ฀ ฀ ฀ ฀ 73฀ ฀ 73
Minimum฀pension฀liability฀adjustment
฀ (net฀of฀tax฀impact฀of฀$3฀million)฀ ฀ ฀ ฀ ฀ ฀ ฀ 6฀ ฀ 6
Comprehensive฀Income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 819
Dividends฀declared฀on฀common฀shares฀฀
฀ ($0.30฀per฀common฀share)฀ ฀ ฀ ฀ ฀ (87)฀ ฀ ฀ ฀ (87)
Repurchase฀of฀shares฀of฀common฀stock฀ (14)฀ ฀ (569)฀ ฀ ฀ ฀ ฀ ฀ (569)
Employee฀stock฀option฀exercises฀฀
฀ (includes฀tax฀impact฀of฀$102฀million)฀ 12฀ ฀ 302฀ ฀ ฀ ฀ ฀ ฀ 302
Compensation-related฀events฀ ฀ ฀ 10฀ ฀ ฀ ฀ ฀ ฀ 10
Balance฀at฀December฀25,฀2004฀290฀ $฀ 659฀ $฀1,067฀ $฀(131)฀ $฀1,595
See฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements.
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