Prudential 2002 Annual Report Download - page 90
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Please find page 90 of the 2002 Prudential annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.PRUDENTIAL FINANCIAL, INC.
Consolidated Statements of Stockholders’ Equity
Years Ended December 31, 2002, 2001 and 2000 (in millions)
Common Stock
Class B
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Deficit)
Common
Stock
Held in
Treasury
Deferred
Compensation
Accumulated
Other
Comprehensive
Income (Loss)
Total
Stockholders’
EquityShares Amount
Balance, December 31, 1999 — $ — $ — $ — $ 19,976 $ — $ — $ (685) $19,291
Comprehensive income:
Netincome............. — — — — 398 — — — 398
Other comprehensive
income,netoftax...... — — — — — — — 919 919
Total comprehensive income . 1,317
Balance, December 31, 2000 — — — — 20,374 — — 234 20,608
Common Stock issued in
demutualization ......... 457.1 5 — 15,985 (15,990) — — — —
Policy credits issued and cash
payments to be made to
eligiblepolicyholders ..... — — — — (4,189) — — — (4,189)
Initial public offering of
CommonStock ......... 126.5 1 — 3,336 — — — — 3,337
Private placement of Class B
Stock ................. — — — 167 — — — — 167
Equity security units ....... — — — (26) — — — — (26)
Comprehensive income:
Net loss before the date of
demutualization ....... — — — — (195) — — — (195)
Net income after the date of
demutualization ....... — — — — 41 — — — 41
Other comprehensive
income,netoftax...... — — — — — — — 710 710
Total comprehensive income . 556
Balance, December 31, 2001 583.6 6 — 19,462 41 — — 944 20,453
Stock-based compensation . . .
——— 4 —— — — 4
Treasury stock acquired ..... (26.0) — — — — (800) — — (800)
Treasury stock reissued for
exercise of stock options . . .
——— — — 1 — — 1
Treasury stock reissued to
deferred compensation
program ............... 1.7 — — — — 56 — — 56
Deferred compensation
program ............... — — — — — — (21) — (21)
Adjustments to policy credits
issued and cash payments to
eligiblepolicyholders ..... 0.9 — — 47 — — — — 47
Dividends declared on
CommonStock ......... — — — — (226) — — — (226)
Dividends declared on
Class B Stock ........... — — — — (19) — — — (19)
Comprehensive income:
Netincome............. — — — — 194 — — — 194
Other comprehensive
income,netoftax...... — — — — — — — 1,641 1,641
Total comprehensive income . 1,835
Balance, December 31, 2002 560.2 $ 6 $ — $19,513 $ (10) $(743) $ (21) $2,585 $21,330
See Notes to Consolidated Financial Statements
Prudential Financial 2002 Annual Report 89