Raytheon 2004 Annual Report Download - page 75

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57
RAYTHEON COMPANY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Years Ended
December 31, 2004, 2003, and 2002
(In millions except per share amounts)
Common
Stock
Additional
Paid-in
Capital
Unearned
Compensation
Accumulated
Other
Comprehensive
Income
Treasury
Stock
Retained
Earnings
Total
Stockholders’
Equity
Balance at December 31, 2001 $4 $7,740 $(17) $ (212) $ (1) $3,867 $11,381
Net loss (640) (640)
Other comprehensive income
Minimum pension liability (2,002) (2,002)
Interest rate lock (2) (2)
Foreign exchange translation 31 31
Cash flow hedges 5 5
Comprehensive income (2,608)
Dividends declared—$0.80 per share (323) (323)
Issuance of common stock 328 328
Common stock plan activity 101 5 106
Trust preferred security distributions (11) (11)
Treasury stock activity (3) (3)
Balance at December 31, 2002 4 8,158 (12) (2,180) (4) 2,904 8,870
Net income 365 365
Other comprehensive income
Minimum pension liability (118) (118)
Foreign exchange translation 82 82
Cash flow hedges 19 19
Unrealized gains on residual interest
securities 2 2
Interest rate lock 1 1
Comprehensive income 351
Dividends declared–$0.80 per share (332) (332)
Issuance of common stock 264 264
Common stock plan activity 23 (1) 22
Trust preferred security distributions (11) (11)
Treasury stock activity (2) (2)
Balance at December 31, 2003 4 8,434 (13) (2,194) (6) 2,937 9,162
Net income 417 417
Other comprehensive income
Minimum pension liability 215 215
Foreign exchange translation 46 46
Cash flow hedges 15 15
Unrealized losses on residual
interest securities (1) (1)
Comprehensive income 692
Dividends declared–$0.80 per share (356) (356)
Issuance of common stock 1 939 940
Common stock plan activity 171 (47) 124
Trust preferred security distributions (4) (4)
Treasury stock activity (7) (7)
Balance at December 31, 2004 $5 $9,540 $(60) $(1,919) $(13) $2,998 $10,551
The accompanying notes are an integral part of the financial statements.