Western Digital 2008 Annual Report Download - page 58

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WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY and COMPREHENSIVE INCOME
(in millions)
Shares Amount Shares Amount
Additional
Paid-In
Capital
Accumulated Other
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit)
Total
Shareholders’
Equity
Total
Comprehensive
Income
Common Stock Treasury Stock
Balance at July 1, 2005 ....................... 215 $2 (1) $(12) $714 $ — $ (4) $ 700
Employee stock plans ........................ 6 4 50 29 79
Deferred compensation ....................... 1 4 11 15
Stock based compensation ..................... 21 21
Repurchase of common stock .................. (4) (54) (54)
Net income . . . ............................ 395 395 $395
Unrealized gain on foreign currency contracts ....... 1 1 1
Balance at June 30, 2006 ...................... 222 $2 (1) $(12) $775 $ 1 $ 391 $1,157 $396
Employee stock plans ........................ 1 3 50 (12) 38
Deferred compensation ....................... 2 (1) (16) 30 14
Stock based compensation ..................... 18 18
Repurchase of common stock .................. (4) (73) (73)
Net income . . . ............................ 564 564 $564
Unrealized loss on foreign currency contracts ....... (2) (2) (2)
Balance at June 29, 2007 ...................... 225 $2 (3) $(51) $811 $ (1) $ 955 $1,716 $562
Employee stock plans ........................ 4 92 (27) 65
Deferred compensation ....................... (3) 15 12
Stock based compensation ..................... 18 18
Tax benefit from employee stock plans ............ 89 89
Repurchase of common stock .................. (2) (60) (60)
Net income . . . ............................ 867 867 $867
Unrealized loss on foreign currency contracts ....... (11) (11) (11)
Balance at June 27, 2008 ...................... 225 $2 (1) $(22) $906 $(12) $1,822 $2,696 $856
The accompanying notes are an integral part of these consolidated financial statements.
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