The Gap 2008 Annual Report Download - page 51

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THE GAP, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Common Stock Additional
Paid-in
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Earnings Deferred
Compensation
Treasury Stock
Total Comprehensive
Earnings($ and shares in millions except per share amounts) Shares Amount Shares Amount
BalanceatJanuary28,2006 ........................................... 1,079 $ 54 $2,402 $8,133 $ 51 $ (5) (222) $(5,210)$ 5,425
Netearnings .............................................................. 778 778 $778
Foreign currency translation ................................................ 10 10 10
Changeinfairvalueofderivativefinancialinstruments,netoftaxof$10 ....... 15 15 15
Reclassification adjustment for realized losses on derivative financial
instruments,netoftaxbenefitof($1) ..................................... 111
Issuance of common stock pursuant to stock option and other stock award
plans,netofshareswithheldforemployeetaxes........................... 14 1 162 163
Taxbenefitfromexerciseofstockoptionsandvestingofstockunits........... 25 25
Amortizationofshare-basedcompensation,netofestimatedforfeitures....... 47 47
Reversal of deferred compensation upon implementation of SFAS 123(R) ....... (5) 5 —
Repurchasesofcommonstock.............................................. (58) (1,050) (1,050)
Reissuanceoftreasurystock................................................ — 1 25 25
Cashdividends ............................................................ (265) (265)
BalanceatFebruary3,2007 ........................................... 1,093 55 2,631 8,646 77 — (279) (6,235) 5,174 $804
Netearnings .............................................................. 833 833 $833
Foreign currency translation ................................................ 84 84 84
Change in fair value of derivative financial instruments, net of tax benefit of
($17).................................................................... (18) (18) (18)
Reclassification adjustment for realized gains on derivative financial
instruments,netoftaxof$11 ............................................. (18) (18) (18)
CumulativeeffectofadoptionofFIN48 ..................................... (4) (4)
Issuance of common stock pursuant to stock option and other stock award
plans,netofshareswithheldforemployeetaxes........................... 7 — 93 93
Taxbenefitfromexerciseofstockoptionsandvestingofstockunits........... 88
Amortizationofshare-basedcompensation,netofestimatedforfeitures....... 49 49
Repurchasesofcommonstock.............................................. (89) (1,700) (1,700)
Reissuanceoftreasurystock................................................ 2 2 23 25
Cashdividends ............................................................ (252) (252)
BalanceatFebruary2,2008 ........................................... 1,100 55 2,783 9,223 125 — (366) (7,912) 4,274 $881
Netearnings .............................................................. 967 967 $967
Foreign currency translation ................................................ (38) (38) (38)
Changeinfairvalueofderivativefinancialinstruments,netoftaxof$14 ....... 15 15 15
Reclassification adjustment for realized losses on derivative financial
instruments,netoftaxbenefitof($13) .................................... 21 21 21
Issuance of common stock pursuant to stock option and other stock award
plans,netofshareswithheldforemployeetaxes........................... 5 — 52 52
Taxbenefitfromexerciseofstockoptionsandvestingofstockunits........... 55
Amortizationofshare-basedcompensation,netofestimatedforfeitures....... 56 56
Repurchasesofcommonstock.............................................. (46) (745) (745)
Reissuanceoftreasurystock................................................ (1) 1 24 23
Cashdividends ............................................................ (243) (243)
BalanceatJanuary31,2009 ........................................... 1,105 $ 55 $2,895 $9,947 $123 $— (411) $(8,633)$ 4,387 $965
See Notes to the Consolidated Financial Statements
39