Radio Shack 2008 Annual Report Download - page 58

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RADIOSHACK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Stockholders’ Equity and Comprehensive Income
The accompanying notes are an integral part of these consolidated financial statements.
Shares at December 31, Dollars at December 31,
(In millions) 2008 2007 2006 2008 2007 2006
Common stock
Beginning and end of year 191.0 191.0 191.0 $ 191.0 $ 191.0 $ 191.0
Treasury stock
Beginning of year (59.9) (55.2) (56.0) $ (1,516.5) $ (1,409.1) $ (1,431.6)
Purchase of treasury stock (6.1) (8.7) -- (111.3) (208.5) --
Issuance of common stock 0.1 0.5 0.6 1.9 12.8 18.6
Exercise of stock options and grant
of stock awards
--
3.5
0.2
--
88.3
3.9
End of year (65.9) (59.9) (55.2) $ (1,625.9) $ (1,516.5) $ (1,409.1)
Additional paid-in capital
Beginning of year $ 108.4 $ 92.6 $ 87.7
Issuance of common stock 0.2 6.2 (5.7)
Exercise of stock options and grant
of stock awards
--
(8.4)
(1.7)
Stock option compensation 10.2 10.7 12.0
Net stock-based compensation
income tax benefits
--
7.3
0.3
Purchase of convertible notes hedges (86.3) -- --
Tax benefit from purchase of
convertible notes hedges
33.6
--
--
Sale of common stock warrants 39.9 -- --
End of year $ 106.0 $ 108.4 $ 92.6
Retained earnings
Beginning of year $ 1,992.1 $ 1,780.9 $ 1,741.4
Net income 192.4 236.8 73.4
Cash dividends declared (31.3) (32.8) (33.9)
Adoption of FASB Interpretation No. 48 -- 7.2 --
End of year $ 2,153.2 $ 1,992.1 $ 1,780.9
Accumulated other comprehensive
(loss) income
Beginning of year $ (5.3) $ (1.6) $ 0.3
Other comprehensive loss (1.7) (3.7) (1.9)
End of year $ (7.0) $ (5.3) $ (1.6)
Total stockholders' equity $ 817.3 $ 769.7 $ 653.8
Comprehensive income
Net income $ 192.4 $ 236.8 $ 73.4
Other comprehensive loss,
net of tax:
Foreign currency translation
adjustments
(2.5)
(4.0)
0.3
Pension adjustments, net of tax 0.8 0.4 (1.0)
Amortization of gain on cash flow
hedge
--
(0.1)
(0.1)
Unrealized loss on securities -- -- (1.1)
Other comprehensive loss (1.7) (3.7) (1.9)
Comprehensive income $ 190.7 $ 233.1 $ 71.5
51