UPS 2005 Annual Report Download - page 64

UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED SHAREOWNERS’ EQUITY
(In millions, except per share amounts)
2005 2004 2003
Shares Dollars Shares Dollars Shares Dollars
Class A Common Stock
Balance at beginning of year ........................................................... 515 $ 5 571 $ 6 642 $ 7
Common stock purchases .............................................................. (16) — (12) — (5) —
Stockawardplans .................................................................... 2 — 12 — 12 —
Common stock issuances .............................................................. 3 — 3 — 2 —
Conversions of Class A to Class B common stock ........................................... (50) — (59) (1) (80) (1)
Balance at end of year ................................................................. 454 5 515 5 571 6
Class B Common Stock
Balance at beginning of year ........................................................... 614 6 560 5 482 4
Common stock purchases .............................................................. (18) — (5) — (2) —
Conversions of Class A to Class B common stock ........................................... 50 — 59 1 80 1
Balance at end of year ................................................................. 646 6 614 6 560 5
Additional Paid-In Capital
Balance at beginning of year ........................................................... 417 662 387
Stockawardplans .................................................................... 335 677 545
Common stock purchases .............................................................. (922) (1,075) (398)
Common stock issuances .............................................................. 170 153 128
Balance at end of year ................................................................. — 417 662
Retained Earnings
Balance at beginning of year ........................................................... 16,192 14,356 12,495
Netincome ......................................................................... 3,870 3,333 2,898
Dividends($1.32,$1.12,and$0.92) ..................................................... (1,468) (1,262) (1,037)
Common stock purchases .............................................................. (1,557) (235) —
Balance at end of year ................................................................. 17,037 16,192 14,356
Accumulated Other Comprehensive Income (Loss)
Foreign currency translation adjustment:
Balance at beginning of year ......................................................... (127) (56) (328)
Aggregateadjustmentfortheyear ..................................................... (36) (71) 272
Balance at end of year ............................................................... (163) (127) (56)
Unrealized gain (loss) on marketable securities, net of tax:
Balance at beginning of year ......................................................... (5) 14 (34)
Current period changes in fair value (net of tax effect of $0, $(10), and $13) .................... — (18) 21
Reclassification to earnings (net of tax effect of $10, $(1), and $17) .......................... 16 (1) 27
Balance at end of year ............................................................... 11 (5) 14
Unrealized gain (loss) on cash flow hedges, net of tax:
Balance at beginning of year ......................................................... (29) (72) (26)
Current period changes in fair value (net of tax effect of $81, $21, and $(6)) .................... 135 37 (9)
Reclassification to earnings (net of tax effect of $(14), $4, and $(21)) ......................... (23) 6 (37)
Balance at end of year ............................................................... 83 (29) (72)
Additional minimum pension liability, net of tax:
Balance at beginning of year ......................................................... (81) (63) (50)
Minimum pension liability adjustment (net of tax effect of $(8), $(10), and $(6)) ................ (14) (18) (13)
Balance at end of year ............................................................... (95) (81) (63)
Accumulatedothercomprehensiveincome(loss)atendofyear................................ (164) (242) (177)
Deferred Compensation Obligations
Balance at beginning of year ........................................................... 169 136 84
Common stock held for deferred compensation obligations ................................... (8) 33 52
Balance at end of year ................................................................. 161 169 136
Treasury Stock
Balance at beginning of year ........................................................... (3) (169) (2) (136) (1) (84)
Common stock held for deferred compensation obligations ................................... — 8 (1) (33) (1) (52)
Balance at end of year ................................................................. (3) (161) (3) (169) (2) (136)
Total Shareowners’ Equity at End of Year ................................................ $16,884 $16,378 $14,852
Comprehensive Income ................................................................ $ 3,948 $ 3,268 $ 3,159
See notes to consolidated financial statements.
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