Radio Shack 2010 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2010 Radio Shack 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.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

45
RADIOSHACK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Stockholders’ Equity and Comprehensive Income
Shares at December 31, Dollars at December 31,
(In millions) 2010 2009 2008 2010 2009 2008
Common stock
Beginning of year 191.0
191.0
191.0
$ 191.0 $ 191.0 $ 191.0
Retirement of treasury stock (45.0)
--
--
(45.0)
--
--
Beginning and end of year 146.0
191.0
191.0
$ 146.0
$ 191.0
$ 191.0
Treasury stock
Beginning of year (65.8)
(65.9)
(59.9)
$ (1,621.9) $ (1,625.9) $ (1,516.5)
Purchase of treasury stock (19.8)
--
(6.1)
(398.8)
--
(111.3)
Issuance of common stock 0.1
0.1
0.1
2.7
3.1
1.9
Retirement of treasury stock 45.0
--
--
1,063.9
--
--
Exercise of stock options 0.2
--
--
5.1
0.9
--
End of year (40.3)
(65.8)
(65.9)
$ (949.0)
$ (1,621.9)
$ (1,625.9)
Additional paid-in capital
Beginning of year $ 161.8
$ 152.5
$ 108.4
Issuance of common stock (4.4)
(1.7)
(1.3)
Exercise of stock options (1.9)
(0.2)
--
Stock-based compensation 9.6
11.2
11.7
Retirement of treasury stock (17.8)
--
--
Conversion option of convertible notes --
--
76.9
Purchase of convertible notes hedges --
--
(86.3)
Tax benefit from purchase of
convertible notes hedges
--
--
3.2
Sale of common stock warrants --
--
39.9
End of year $ 147.3
$ 161.8
$ 152.5
Retained earnings
Beginning of year $ 2,323.9
$ 2,150.2
$ 1,992.1
Net income 206.1
205.0
189.4
Retirement of treasury stock (1,001.0)
--
--
Cash dividends declared (26.5)
(31.3)
(31.3)
End of year $ 1,502.5
$ 2,323.9
$ 2,150.2
Accumulated other comprehensive loss
Beginning of year $ (6.5)
$ (7.0)
$ (5.3)
Other comprehensive income (loss) 2.2
0.5
(1.7)
End of year $ (4.3)
$ (6.5)
$ (7.0)
Total stockholders' equity $ 842.5
$ 1,048.3
$ 860.8
Comprehensive income
Net income $ 206.1
$ 205.0
$ 189.4
Other comprehensive income (loss),
all net of tax:
Foreign currency translation
adjustments
2.4
1.1
(2.5)
Pension adjustments (0.2)
(0.5)
0.8
Amortization of gain on cash flow
hedge
--
(0.1)
--
Other comprehensive income (loss) 2.2
0.5
(1.7)
Comprehensive income $ 208.3
$ 205.5
$ 187.7
The accompanying notes are an integral part of these consolidated financial statements.