Southwest Airlines 2009 Annual Report Download - page 60
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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
YEARS ENDED DECEMBER 31, 2009, 2008, AND 2007
(In millions, except per share amounts)
Common
Stock
Capital in
excess of
par value
Retained
earnings
Accumulated
other
comprehensive
income (loss)
Treasury
stock Total
Balance at December 31, 2006 ............ $808 $1,142 $4,307 $ 582 $ (390) $ 6,449
Purchase of shares of treasury stock .... — — — — (1,001) (1,001)
Issuance of common and treasury stock
pursuant to Employee stock plans .... — — (150) — 288 138
Tax benefit of options exercised ....... — 28 — — — 28
Share-based compensation ........... — 37 — — — 37
Cash dividends, $.018 per share ....... — — (14) — — (14)
Comprehensive income (loss)
Net income ................... — — 645 — — 645
Unrealized gain on derivative
instruments ................. — — — 636 — 636
Other ........................ — — — 23 — 23
Total comprehensive income .......... 1,304
Balance at December 31, 2007 ............ $808 $1,207 $4,788 $ 1,241 $(1,103) $ 6,941
Purchase of shares of treasury stock .... — — — — (54) (54)
Issuance of common and treasury stock
pursuant to Employee stock plans .... — — (34) — 152 118
Tax benefit of options exercised ....... — (10) — — — (10)
Share-based compensation ........... — 18 — — — 18
Cash dividends, $.018 per share ....... — — (13) — — (13)
Comprehensive income (loss)
Net income ................... — — 178 — — 178
Unrealized (loss) on derivative
instruments ................. — — — (2,166) — (2,166)
Other ........................ — — — (59) — (59)
Total comprehensive income (loss) ..... (2,047)
Balance at December 31, 2008 ............ $808 $1,215 $4,919 $ (984) $(1,005) $ 4,953
Issuance of common and treasury stock
pursuant to Employee stock plans .... — — (22) — 42 20
Tax benefit of options exercised ....... — (13) — — — (13)
Share-based compensation ........... — 14 — — — 14
Cash dividends, $.018 per share ....... — — (13) — — (13)
Comprehensive income (loss)
Net income ................... — — 99 — — 99
Unrealized gain on derivative
instruments ................. — — — 366 — 366
Other ........................ — — — 40 — 40
Total comprehensive income (loss) ..... 505
Balance at December 31, 2009 ............ $808 $1,216 $4,983 $ (578) $ (963) $ 5,466
See accompanying notes.
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