US Bank 2003 Annual Report Download - page 66

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U.S. Bancorp
Consolidated Statement of Shareholders’ Equity
Common Other Total
Shares Common Capital Retained Treasury Comprehensive Shareholders’
(Dollars in Millions) Outstanding Stock Surplus Earnings Stock Income Equity
Balance December 31, 2000 ************ 1,902,083,434 $19 $4,275 $11,658 $ (880) $ 96 $15,168
Cumulative impact of retroactive restatement*** 430 (265) 165
Net income ******************************** 1,479 1,479
Unrealized gain on securities available for sale *** 194 194
Unrealized gain on derivatives**************** 106 106
Foreign currency translation adjustment ******* (4) (4)
Realized gain on derivatives ***************** 42 42
Reclassification adjustment for gains realized in
net income ******************************* (333) (333)
Income taxes******************************* (6) (6)
Total comprehensive income *********** 1,478
Cash dividends declared on common stock **** (1,447) (1,447)
Issuance of common stock and treasury shares ** 69,502,689 1 1,384 49 1,434
Purchase of treasury stock******************* (19,743,672) (468) (468)
Retirement of treasury stock ***************** (824) 824 —
Stock option grants and restricted stock
amortization****************************** 415 415
Shares reserved to meet deferred
compensation obligations ****************** (132,939) 3 (3) —
Balance December 31, 2001 ************ 1,951,709,512 $20 $5,683 $11,425 $ (478) $ 95 $16,745
Net income ******************************** 3,168 3,168
Unrealized gain on securities available for sale *** 1,048 1,048
Unrealized gain on derivatives**************** 324 324
Foreign currency translation adjustment ******* 77
Realized gain on derivatives ***************** 64 64
Reclassification adjustment for gains realized in
net income ******************************* (332) (332)
Income taxes******************************* (422) (422)
Total comprehensive income *********** 3,857
Cash dividends declared on common stock **** (1,488) (1,488)
Issuance of common stock and treasury shares ** 10,589,034 (75) 249 174
Purchase of treasury stock******************* (45,256,736) (1,040) (1,040)
Stock option grants and restricted stock
amortization****************************** 188 188
Shares reserved to meet deferred
compensation obligations ****************** (85,250) 3 (3) —
Balance December 31, 2002 ************ 1,916,956,560 $20 $5,799 $13,105 $(1,272) $ 784 $18,436
Net income ******************************** 3,733 3,733
Unrealized loss on securities available for sale *** (716) (716)
Unrealized loss on derivatives **************** (373) (373)
Foreign currency translation adjustment ******* 23 23
Realized gain on derivatives ***************** 199 199
Reclassification adjustment for gains realized in
net income ******************************* (288) (288)
Income taxes******************************* 439 439
Total comprehensive income *********** 3,017
Cash dividends declared on common stock **** (1,645) (1,645)
Special dividend-Piper Jaffray spin-off ********* (685) (685)
Issuance of common stock and treasury shares ** 21,709,297 (51) 502 451
Purchase of treasury stock******************* (14,971,000) (417) (417)
Stock option grants and restricted stock
amortization****************************** 111 111
Shares reserved to meet deferred
compensation obligations ****************** (774,706) (8) (18) (26)
Balance December 31, 2003 ************ 1,922,920,151 $20 $5,851 $14,508 $(1,205) $ 68 $19,242
See Notes to Consolidated Financial Statements.
64 U.S. Bancorp