Avis 2008 Annual Report Download - page 70

Avis Budget Group, Inc.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions)
F
-
7
Common Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Treasury Stock
Total
Stockholders’
Equity
Shares
Amount
Shares
Amount
Balance at January 1, 2006
135.1
$
1
$
12,022
$
5,997
$
40
(33.9
)
$
(6,718
)
$
11,342
Comprehensive loss:
Net loss
-
-
-
(1,994
)
-
-
-
Currency translation adjustment, net of tax of $16
-
-
-
-
213
-
-
Unrealized losses on cash flow hedges, net of tax of $(6)
-
-
-
-
(12
)
-
-
Reclassification for gains on cash flow hedges, net of tax of $(1)
-
-
-
-
(1
)
-
-
Minimum pension liability adjustment, net of tax of $5
-
-
-
-
9
-
-
Total comprehensive loss
(1,785
)
Net activity related to restricted stock units
-
-
(48
)
-
-
0.7
211
163
Exercise of stock options
0.4
-
39
-
-
0.2
44
83
Tax benefit from exercise of stock options
-
-
12
-
-
-
-
12
Repurchases of common stock
-
-
-
-
-
(1.4
)
(243
)
(243
)
Payment of dividends
-
-
-
(107
)
-
-
-
(107
)
Dividend of Realogy Corporation and
Wyndham Worldwide
Corporation
-
-
(2,361
)
(4,482
)
(167
)
-
-
(7,010
)
Cumulative effect of adoption of
SFAS No. 158, net of tax of $(2)
-
-
-
-
(4
)
-
-
(4
)
Other
-
-
-
-
(10
)
0.1
2
(8
)
Balance at December 31, 2006
135.5
$
1
$
9,664
$
(586
)
$
68
(34.3
)
$
(6,704
)
$
2,443