SkyWest Airlines 2004 Annual Report Download - page 36

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34
SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(In thousands)
Common Stock Treasury Stock Accumulated Other
Retained Comprehensive
Shares Amount Earnings Shares Amount Loss Total
Balance at December 31, 2001 62,724 $ 309,691 $ 258,024 (5,898) $ (20,285) $ (1,590) $ 545,840
Comprehensive income:
Net income - - 86,866 - - - 86,866
Net unrealized appreciation on marketable
securities net of tax of $107 - - - - - 168 168
Total comprehensive income - - - - - - 87,034
Exercise of common stock options 397 4,438 - - - - 4,438
Sale of common stock under employee stock
purchase plan 214 4,431 - - - - 4,431
Tax benefit from exercise of common stock
Options - 1,525 - - - - 1,525
Cash dividends declared ($0.08 per share) - - (4,582) - - - (4,582)
Balance at December 31, 2002 63,335 320,085 340,308 (5,898) (20,285) (1,422) 638,686
Comprehensive income:
Net income - - 66,787 - - - 66,787
Net unrealized appreciation on marketable
securities net of tax of $813 - - - - - 1,273 1,273
Total comprehensive income - - - - - - 68,060
Exercise of common stock options 24 309 - - - - 309
Sale of common stock under employee stock
purchase plan 533 6,505 - - - - 6,505
Tax benefit from exercise of common stock
Options - 129 - - - - 129
Cash dividends declared ($0.08 per share) - - (4,626) - - - (4,626)
Balance at December 31, 2003 63,892 $ 327,028 $ 402,469 (5,898) $ (20,285) $ (149) $ 709,063
Comprehensive income:
Net income - - 81,952 - - - 81,952
Net unrealized depreciation on marketable
securities net of tax of $607 - - - - - (910) (910)
Total comprehensive income - - - - - - 81,042
Exercise of common stock options 208 2,772 - - - - 2,772
Sale of common stock under employee stock
purchase plan 343 4,999 - - - - 4,999
Tax benefit from exercise of common stock
Options - 442 - - - - 442
Treasury stock purchases - - - (896) (12,266) - (12,266)
Cash dividends declared ($0.12 per share) - - (6,997) - - - (6,997)
Balance at December 31, 2004 64,443 $ 335,241 $ 477,424 (6,794) $ (32,551) $ (1,059) $ 779,055
See accompanying notes to consolidated financial statements.