Alcoa 2007 Annual Report Download - page 51

Statement of Shareholders’ Equity
(in millions, except per-share amounts)
Alcoa and subsidiaries
December 31,
Comprehensive
income
Preferred
stock
Common
stock
Additional
capital
Retained
earnings
Treasury
stock
Accumulated
other compre-
hensive loss
Total
shareholders’
equity
Balance at end of 2004 $55 $925 $5,775 $ 8,636 $(1,926) $ (165) $13,300
Comprehensive income:
Net income $ 1,233 1,233 1,233
Other comprehensive (loss) income:
Change in minimum pension liability, net of tax benefit and
minority interests of $80 (148)
Foreign currency translation adjustments (542)
Unrealized gains on available-for-sale securities, net of tax
expense of $52 96
Unrecognized gains (losses) on derivatives, net of tax benefit and
minority interests of $87 (X):
Net change from periodic revaluations 123
Net amount reclassified to income (137)
Net unrecognized losses on derivatives (14)
Comprehensive income $ 625 (608) (608)
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.60 per share (522) (522)
Common stock issued: compensation plans (55) 135 80
Repurchase of common stock (108) (108)
Balance at end of 2005 55 925 5,720 9,345 (1,899) (773) 13,373
Comprehensive income:
Net income $ 2,248 2,248 2,248
Other comprehensive income (loss):
Change in minimum pension liability, net of tax expense and
minority interests of $104 184
Foreign currency translation adjustments 659
Unrealized gains on available-for-sale securities, net of tax
expense of $53 98
Unrecognized losses on derivatives, net of tax benefit and
minority interests of $152 (X):
Net change from periodic revaluations (473)
Net amount reclassified to income (51)
Net unrecognized losses on derivatives (524)
Comprehensive income $ 2,665 417 417
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.60 per share (522) (522)
Stock-based compensation 72 72
Common stock issued: compensation plans (13) 190 177
Repurchase of common stock (290) (290)
Cumulative effect adjustment due to the adoption of SFAS 158, net of tax
and minority interests (877) (877)
Cumulative effect adjustment due to the adoption of EITF 04-6, net of tax
and minority interests (3) (3)
Other 38 38
Balance at end of 2006 55 925 5,817 11,066 (1,999) (1,233) 14,631
Comprehensive income:
Net income $ 2,564 2,564 2,564
Other comprehensive income (loss):
Change in unrecognized losses and prior service cost related to
pension and postretirement benefit plans, net of tax expense
and minority interests of $153 506
Foreign currency translation adjustments 880
Unrealized gains on available-for-sale securities, net of tax
benefit of $222:
Unrealized holding gains 747
Net amount reclassified to income (1,159)
Net change in unrealized gains on available-for-sale
securities (412)
Unrecognized losses on derivatives, net of tax benefit and
minority interests of $30 (X):
Net change from periodic revaluations (69)
Net amount reclassified to income (9)
Net unrecognized losses on derivatives (78)
Comprehensive income $ 3,460 896 896
Cash dividends: Preferred @ $3.75 per share (2) (2)
Common @ $.68 per share (589) (589)
Stock-based compensation 97 97
Common stock issued: compensation plans (140) 1,055 915
Repurchase of common stock (2,496) (2,496)
Balance at end of 2007 $55 $925 $5,774 $13,039 $(3,440) $ (337)* $16,016
* Comprised of unrealized foreign currency translation adjustments of $1,532, unrecognized losses and prior service cost, net, related to pension and postretirement
benefit plans of $(1,307), unrealized gains on available-for-sale securities of $3, and unrecognized net losses on derivatives of $(565), all net of tax and applicable
minority interests.
The accompanying notes are an integral part of the consolidated financial statements.
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