Radio Shack 2004 Annual Report Download - page 39

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Consolidated Statements of Stockholders’ Equity
RadioShack Corporation and Subsidiaries
37
AR2004
Shares at December 31, Dollars at December 31,
(In millions) 2004 2003 2002 2004 2003 2002
Preferred stock
Beginning of year
–
– 0.1
$–
$ – $ 64.5
Conversion of preferred stock to common stock
–
– (0.1)
–
– (58.4)
Cancellation of preferred stock, net of repurchases
–
––
–
– (6.1)
End of year
–
––
$–
$–$–
Common stock
Beginning of year
191.0
236.0 236.0
$ 191.0
$ 236.0 $ 236.0
Retirement of treasury stock
–
(45.0) –
–
(45.0) –
End of year
191.0
191.0 236.0
$ 191.0
$ 191.0 $ 236.0
Treasury stock
Beginning of year
(28.5)
(64.3) (59.2)
$ (707.2)
$ (1,579.9) $(1,443.5)
Purchase of treasury stock
(8.0)
(11.5) (12.4)
(246.9)
(290.9) (317.8)
Issuance of common stock
1.3
1.5 1.6
33.8
37.4 43.3
Exercise of stock options and grant of stock awards
2.4
0.8 0.6
60.9
18.5 12.9
Retirement of treasury stock
–
45.0 –
–
1,107.7 –
Conversion of preferred stock to common stock
–
– 5.1
–
– 125.2
End of year
(32.8)
(28.5) (64.3)
$ (859.4)
$ (707.2) $(1,579.9)
Additional paid-in capital
Beginning of year
$75.2
$ 70.0 $ 138.8
Issuance of common stock
5.7
0.7 (0.3)
Exercise of stock options and grant of stock awards
(9.5)
(2.0) (2.5)
Conversion of preferred stock to common stock
–
– (66.8)
Stock option income tax benefits
11.3
19.6 0.8
Retirement of treasury stock
–
(13.1) –
End of year
$82.7
$ 75.2 $ 70.0
Retained earnings
Beginning of year
$ 1,210.6
$ 2,002.5 $ 1,787.3
Net income
337.2
298.5 263.4
Series B convertible stock dividends, net of taxes
–
– (2.9)
Cancellation of preferred stock, net of repurchases
–
– (8.5)
Retirement of treasury stock
–
(1,049.6) –
Common stock cash dividends declared
(39.7)
(40.8) (36.8)
End of year
$1,508.1
$ 1,210.6 $ 2,002.5
Unearned compensation
Beginning of year
$–
$ – $ (4.3)
Amortization of unearned compensation
–
– 4.3
End of year
$–
$–$–
Accumulated other comprehensive loss
Beginning of year
$ (0.3)
$ (0.5) $ (0.7)
Other comprehensive income
–
0.2 0.2
End of year
$ (0.3)
$ (0.3) $ (0.5)
Total stockholders’ equity
$ 922.1
$ 769.3 $ 728.1
Comprehensive income
Net income
$ 337.2
$ 298.5 $ 263.4
Other comprehensive income, net of tax:
Foreign currency translation adjustments
0.1
0.3 0.3
Loss on interest rate swaps, net
(0.1)
(0.1) (0.1)
Other comprehensive income
–
0.2 0.2
Comprehensive income
$ 337.2
$ 298.7 $ 263.6
The accompanying notes are an integral part of these consolidated financial statements.