Alcoa 2000 Annual Report Download - page 50

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Name /alcoa/4500 05/31/2001 06:18PM Plate # 0 com g 48 # 1
48
Statement of Shareholders’ Equity Alcoa and subsidiaries
(in millions, except per-share amounts)
December 31 Comprehensive
income
Preferred
stock
Common
stock
Additional
capital
Retained
earnings
Treasury
stock
Accumulated
other
comprehensive
loss
Total
shareholders’
equity
Balance at end of 1997 $56 $179 $ 578 $4,717 $ (758) $(353) $ 4,419
Comprehensive income — 1998:
Net income— 1998 $ 853 853 853
Other comprehensive income (loss):
Change in minimum pension liability,
net of $3 tax benefit (5)
Unrealized translation adjustments 11 66
Comprehensive income $ 859
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.375 per share (263) (263)
Treasury shares purchased (365) (365)
Stock issued: Alumax acquisition 19 1,302 1,321
Stock issued: compensation plans (7) 94 87
Stock issued: two-for-one split 197 (197) —
Balance at end of 1998 56 395 1,676 5,305 (1,029) (347) 6,056
Comprehensive income — 1999:
Net income— 1999 $1,054 1,054 1,054
Other comprehensive loss:
Unrealized translation adjustments (A) (291) (291) (291)
Comprehensive income $ 763
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.403 per share (296) (296)
Treasury shares purchased (838) (838)
Stock issued: compensation plans 28 607 635
Balance at end of 1999 56 395 1,704 6,061 (1,260) (638) 6,318
Comprehensive income — 2000:
Net income—2000 $1,484 1,484 1,484
Other comprehensive income (loss):
Change in minimum pension liability,
netof$(3)taxexpense 5
Unrealized translation adjustments (263) (258) (258)
Comprehensive income $1,226
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.500 per share (416) (416)
Treasury shares purchased (763) (763)
Stock issued: Reynolds acquisition 135 4,367 4,502
Stock issued: compensation plans†251 306 557
Stock issued: two-for-one split 395 (395) —
Balance at end of 2000 $56 $925 $5,927 $7,127 $(1,717) $(896)* $11,422
*Comprised of unrealized translation adjustments of $(886) and minimum pension liability of $(10)
†Includes stock to be issued under options of $182
Share Activity (B)
(number of shares) Preferred stock
Common stock
Issued Treasury Net outstanding
Balance at end of 1997 557,649 715,690,332 (42,587,828) 673,102,504
Treasury shares purchased (19,549,200) (19,549,200)
Stock issued: Alumax acquisition 73,701,520 73,701,520
Stock issued: compensation plans 6,363,332 6,363,332
Balance at end of 1998 557,649 789,391,852 (55,773,696) 733,618,156
Treasury shares purchased (31,211,044) (31,211,044)
Stock issued: compensation plans 33,090,884 33,090,884
Balance at end of 1999 557,649 789,391,852 (53,893,856) 735,497,996
Treasury shares purchased (21,742,600) (21,742,600)
Stock issued: Reynolds acquisition 135,182,686 135,182,686
Stock issued: compensation plans 16,579,158 16,579,158
Balance at end of 2000 557,649 924,574,538 (59,057,298) 865,517,240
The accompanying notes are an integral part of the financial statements.