Southwest Airlines 2011 Annual Report Download - page 82
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SOUTHWEST AIRLINES CO.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
YEAR ENDED DECEMBER 31, 2011, 2010, AND 2009
(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, 2008 ............. $808 $1,215 $4,907 $(984) $(1,005) $4,941
Issuance of common and treasury stock
pursuant to Employee stock plans ........ — — (22) — 42 20
Net tax benefit (expense) 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 fuel derivative
instruments .......................... — — — 366 — 366
Other ................................. — — — 40 — 40
Total comprehensive income .............. 505
Balance at December 31, 2009 ............. $808 $1,216 $4,971 $(578) $ (963) $5,454
Issuance of common and treasury stock
pursuant to Employee stock plans ........ — — (18) — 72 54
Net tax benefit (expense) of options
exercised ............................ — (45) — — — (45)
Share-based compensation ................ — 12 — — — 12
Cash dividends, $.018 per share ............ — — (13) — — (13)
Comprehensive income (loss):
Net income ............................ — — 459 — — 459
Unrealized gain on fuel derivative
instruments .......................... — — — 330 — 330
Other ................................. — — — (14) — (14)
Total comprehensive income .............. 775
Balance at December 31, 2010 ............. $808 $1,183 $5,399 $(262) $ (891) $6,237
Repurchase of common stock .............. — — — — (225) (225)
Issuance of common and treasury stock
pursuant to Employee stock plans ........ — (3) (14) — 37 20
Issuance of stock to acquire AirTran ........ — — (127) — 650 523
Issuance of stock for conversion of debt ..... — 34 (27) — 105 112
Net tax benefit (expense) of options
exercised ............................ — (5) — — — (5)
Share-based compensation ................ — 13 — — — 13
Cash dividends, $.018 per share ............ — — (14) — — (14)
Comprehensive income (loss):
Net income ............................ — — 178 — — 178
Unrealized gain on fuel derivative
instruments .......................... — — — 67 — 67
Other ................................. — — — (29) — (29)
Total comprehensive income .............. 216
Balance at December 31, 2011 ............. $808 $1,222 $5,395 $(224) $ (324) $6,877
See accompanying notes.
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