Starwood 2010 Annual Report Download - page 122

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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF EQUITY
Shares Amount
Additional
Paid-in
Capital
(1)
Accumulated
Other
Comprehensive
(Loss)
Income
(2)
Retained
Earnings
Equity
Attributable to
Noncontrolling
Interests Total
Shares
Equity Attributable to Starwood Stockholders
(In millions)
Balance at December 31, 2007....... 191 $ 2 $868 $(147) $1,353 $26 $2,102
Net income (loss) ................ — — — — 329 — 329
Stock option and restricted stock award
transactions, net ................ 6 — 212 — — — 212
ESPP stock issuances.............. — — 6 — — — 6
Share repurchases ................ (14) — (593) — — — (593)
Other . ........................ — — — — — (2) (2)
Other comprehensive income (loss) . . . — — — (244) — — (244)
Dividends declared ............... — — — — (165) (1) (166)
Balance at December 31, 2008....... 183 2 493 (391) 1,517 23 1,644
Net income (loss) ................ — — — — 73 (2) 71
Stock option and restricted stock award
transactions, net ................ 4 — 54 — — — 54
ESPP stock issuances.............. — — 5 — — — 5
Other comprehensive income (loss) . . . — — — 108 — 1 109
Dividends declared ............... — — — — (37) (1) (38)
Balance at December 31, 2009....... 187 2 552 (283) 1,553 21 1,845
Net income (loss) ................ — — — — 477 (2) 475
Stock option and restricted stock award
transactions, net ................ 6 — 248 — — — 248
ESPP stock issuances.............. — — 5 — — — 5
Impact of adoption of ASU
No. 2009-17 .................. — — — — (26) — (26)
Other comprehensive income (loss) . . . — — — — — (1) (1)
Dividends declared ............... — — — — (57) (3) (60)
Balance at December 31, 2010....... 193 $ 2 $805 $(283) $1,947 $15 $2,486
(1) Stock option and restricted stock award transactions are net of a tax (expense) benefit of $28 million, ($18) million and $33 million in 2010,
2009, and 2008 respectively.
(2) As of December 31, 2010, this balance is comprised of $227 million of cumulative translation adjustments and $56 million of cumulative
pension adjustments.
The accompanying notes to financial statements are an integral part of the above statements.
F-6