Western Union 2009 Annual Report Download - page 93

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THE WESTERN UNION COMPANY
Consolidated Statements of Stockholders’ Equity/(Deficiency)
(in millions)
Shares Amount Shares Amount
Capital
Surplus/
(Deficiency)
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Stockholders’
Equity/
(Deficiency)
Comprehensive
Income/(Loss)
Common Stock Treasury Stock
Balance, December 31, 2006 .............. 772.0 $ 7.7 (0.9) $ (19.9) $(437.1) $ 208.0 $ (73.5) $ (314.8)
Cumulative effect of adoption of tax contingency
accounting principle .................. — — — — — (0.6) — (0.6)
Revised balance, January 1, 2007 . . ......... 772.0 $ 7.7 (0.9) $ (19.9) $(437.1) $ 207.4 $ (73.5) $ (315.4)
Net income . . . ...................... — — — — — 857.3 — 857.3 $857.3
Stock-based compensation . . .............. — — — — 50.2 — — 50.2
Common stock dividends. . . .............. — — — — — (30.0) — (30.0)
Purchase of treasury shares . .............. — — (32.4) (677.5) — (0.9) — (678.4)
Repurchase and retirement of common shares . . . (2.3) — — — — (53.8) — (53.8)
Cancellation of treasury stock .............. (22.7) (0.2) 22.7 462.0 — (461.8) — —
Shares issued under stock-based compensation
plans . . .......................... 2.8 — 10.6 235.4 41.5 (65.1) — 211.8
Tax adjustments from employee stock option
plans . . .......................... — — — — 4.3 — — 4.3
Unrealized losses on investment securities, net of
tax ............................. — — — — — — (1.5) (1.5) (1.5)
Unrealized losses on hedging activities, net of
tax ............................. — — — — — — (14.4) (14.4) (14.4)
Foreign currency translation adjustment, net of
tax ............................. — — — — — — 5.3 5.3 5.3
Pension liability adjustment, net of tax . . . ..... — — — — — — 15.3 15.3 15.3
Comprehensive income .................. $862.0
Balance, December 31, 2007 .............. 749.8 7.5 — — (341.1) 453.1 (68.8) 50.7
Net income . . . ...................... — — — — — 919.0 — 919.0 $919.0
Stock-based compensation . . .............. — — — — 26.3 — — 26.3
Common stock dividends. . . .............. — — — — — (28.4) — (28.4)
Repurchase and retirement of common shares . . . (58.1) (0.6) — — — (1,314.6) — (1,315.2)
Shares issued under stock-based compensation
plans . . .......................... 17.9 0.2 — — 289.5 — — 289.7
Tax adjustments from employee stock option
plans . . .......................... — — — — 10.9 — — 10.9
Effects of pension plan measurement date
change . .......................... — — — — — 0.1 — 0.1
Unrealized gains on investment securities, net of
tax ............................. — — — — — — 1.2 1.2 1.2
Unrealized gains on hedging activities, net of
tax ............................. — — — — — — 89.2 89.2 89.2
Foreign currency translation adjustment, net of
tax ............................. — — — — — — (5.2) (5.2) (5.2)
Pension liability adjustment, net of tax . . . ..... — — — — — — (46.4) (46.4) (46.4)
Comprehensive income .................. $957.8
Balance, December 31, 2008 .............. 709.6 7.1 — — (14.4) 29.2 (30.0) (8.1)
Net income . . . ...................... — — — — — 848.8 — 848.8 $848.8
Stock-based compensation . . .............. — — — — 31.9 — — 31.9
Common stock dividends. . . .............. — — — — — (41.2) — (41.2)
Repurchase and retirement of common shares . . . (24.9) (0.2) — — — (403.6) — (403.8)
Shares issued under stock-based compensation
plans . . .......................... 1.8 — — — 23.9 — — 23.9
Tax adjustments from employee stock option
plans . . .......................... — — — — (0.7) — — (0.7)
Unrealized gains on investment securities, net of
tax ............................. — — — — — — 5.5 5.5 5.5
Unrealized losses on hedging activities, net of
tax ............................. — — — — — — (62.5) (62.5) (62.5)
Foreign currency translation adjustment, net of
tax ............................. — — — — — — (29.0) (29.0) (29.0)
Pension liability adjustment, net of tax . . . ..... — — — — — — (11.3) (11.3) (11.3)
Comprehensive income .................. $751.5
Balance, December 31, 2009 .............. 686.5 $ 6.9 — $ — $ 40.7 $ 433.2 $(127.3) $ 353.5
See Notes to Consolidated Financial Statements.
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