AutoNation 2005 Annual Report Download - page 47

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Table of Contents
AUTONATION, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
For the Years Ended December 31, 2005, 2004 and 2003
(In millions, except share data)
Accumulated
Other
Compre-
Common Stock Additional hensive Compre-
Paid-In Retained Income Treasury hensive
Shares Amount Capital Earnings (Loss) Stock Income
BALANCE AT DECEMBER 31,
2002 333,505,325 3.3 3,044.1 1,263.2 4.2 (404.6)
Comprehensive income:
Net income — — — 479.2 — — $479.2
Other comprehensive income (loss):
Unrealized losses on cash flow
hedges, restricted investments,
marketable securities and
interest-only strip receivables — — — — (7.4) — (7.4)
Comprehensive income — — — — — — $471.8
Purchases of treasury stock — — — — — (575.2)
Treasury stock cancellation (50,000,000) (.5) (592.5) — — 593.0
Exercise of stock options, including
income tax benefit of $24.1 10,056,812 .1 128.7 — — 13.4
Other — — .7 — — —
BALANCE AT DECEMBER 31,
2003 293,562,137 2.9 2,581.0 1,742.4 (3.2) (373.4)
Comprehensive income:
Net income — — — 433.6 — — $433.6
Other comprehensive income:
Unrealized gains on cash flow
hedges, restricted
investments and marketable
securities — — — — 1.7 — 1.7
Comprehensive income — — — — — — $435.3
Purchases of treasury stock — — — — (236.8)
Treasury stock cancellation (20,000,000) (.2) (318.2) — — 318.4
Exercise of stock options, including
income tax benefit of $20.7 — — (22.8) — — 137.7
BALANCE AT DECEMBER 31,
2004 273,562,137 $2.7 $2,240.0 $2,176.0 $(1.5) $(154.1)
Comprehensive income:
Net income — — — 496.5 — — $496.5
Other comprehensive income:
Unrealized gains on cash flow
hedges, restricted
investments and marketable
securities
—
—
—
—
3.3
—
3.3
Comprehensive income — — — — — — $499.8
Purchases of treasury stock — — — — — (237.1)
Exercise of stock options, including
income tax benefit of $30.9 — — (39.0) — — 182.7
BALANCE AT DECEMBER 31,
2005 273,562,137 $2.7 $2,201.0 $2,672.5 $1.8 $(208.5)
The accompanying notes are an integral part of these statements.
45