Waste Management 2008 Annual Report Download - page 95
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions, except shares in thousands)
Shares Amounts
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
(Loss)
Restricted
Stock
Unearned
Compensation Shares Amounts
Comprehensive
Income
Common Stock Treasury Stock
Balance, December 31, 2005 . . ....... 630,282 $ 6 $4,486 $3,615 $ 126 $ (2) (78,029) $(2,110)
Net income . . ................. — — — 1,149 — — — — $1,149
Cash dividends declared ........... — — — (355) — — — — —
Cash dividends adjustment . . . ....... — — — 1 — — — — —
Equity-based compensation transactions,
net of taxes . ................. — — 24 — — 2 11,483 321 —
Common stock repurchases. . . ....... — — — — — — (30,965) (1,073) —
Unrealized loss resulting from changes in
fair values of derivative instruments, net
of taxes of $7 ................ — — — — (11) — — — (11)
Realized losses on derivative instruments
reclassified into earnings, net of taxes of
$3....................... — — — — 5 — — — 5
Unrealized gain on marketable securities,
net of taxes of $3 . . ............ — — — — 5 — — — 5
Translation adjustment of foreign currency
statements . ................. — — — — 3 — — — 3
Underfunded post-retirement benefit
obligations, net of taxes of $3....... — — — — 1 — — — —
Other . ...................... — — 3 — — — 912 26 —
Balance, December 31, 2006 . . ....... 630,282 $ 6 $4,513 $4,410 $ 129 $— (96,599) $(2,836) $1,151
Net income . . ................. — — — 1,163 — — — — $1,163
Cash dividends declared ........... — — — (495) — — — — —
Equity-based compensation transactions,
including dividend equivalents, net of
taxes...................... — — 30 (2) — — 6,067 182 —
Common stock repurchases. . . ....... — — — — — — (39,946) (1,421) —
Unrealized loss resulting from changes in
fair values of derivative instruments, net
of taxes of $22 . . . ............ — — — — (34) — — — (34)
Realized losses on derivative instruments
reclassified into earnings, net of taxes of
$30 ...................... — — — — 47 — — — 47
Unrealized loss on marketable securities,
net of taxes of $3 . . ............ — — — — (5) — — — (5)
Translation adjustment of foreign currency
statements . ................. — — — — 89 — — — 89
Change in funded status of defined benefit
plan liabilities, net of taxes of $3 . . . . . — — — — 3 — — — 3
Cumulative effect of change in accounting
principle . . ................. — — — 4 — — — — —
Other . ...................... — — (1) — — — 314 10 —
Balance, December 31, 2007 . . ....... 630,282 $ 6 $4,542 $5,080 $ 229 $— (130,164) $(4,065) $1,263
Net income . . ................. — — — 1,087 — — — — $1,087
Cash dividends declared ........... — — — (531) — — — — —
Equity-based compensation transactions,
including dividend equivalents, net of
taxes...................... — — 16 (4) — — 2,995 94 —
Common stock repurchases. . . ....... — — — — — — (12,390) (410) —
Unrealized gain resulting from changes in
fair values of derivative instruments, net
of taxes of $25 . . . ............ — — — — 40 — — — 40
Realized gains on derivative instruments
reclassified into earnings, net of taxes of
$24 ...................... — — — — (39) — — — (39)
Unrealized loss on marketable securities,
net of taxes of $4 . . ............ — — — — (7) — — — (7)
Translation adjustment of foreign currency
statements . ................. — — — — (127) — — — (127)
Change in funded status of defined benefit
plan liabilities, net of taxes of $5 . . . . . — — — — (8) — — — (8)
Cumulative effect of change in accounting
principle . . ................. — — — (1) — — — — —
Other . ...................... — — — — — — 12 — —
Balance, December 31, 2008 . . ....... 630,282 $ 6 $4,558 $5,631 $ 88 $— (139,547) $(4,381) $ 946
See notes to Consolidated Financial Statements.
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