Avis 2010 Annual Report Download - page 71

Table of Contents
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 (Loss)
Treasury Stock
Total
Stockholders’
Equity
Shares
Amount
Shares
Amount
Balance at January 1, 2008
136.7
$
1
$
9,320
$
(1,520
)
$
32
(32.7
)
$
(6,368
)
$
1,465
Comprehensive loss:
Net loss
-
-
-
(1,124
)
-
-
-
Currency translation adjustment
-
-
-
-
(110
)
-
-
Unrealized losses on cash flow hedges, net of tax of $56
-
-
-
-
(86
)
-
-
Pension liability adjustment, net of tax of $20
-
-
-
-
(30
)
-
-
Total comprehensive loss
(1,350
)
Net activity related to restricted stock units
0.1
-
(94
)
-
-
0.4
105
11
Exercise of stock options
-
-
(1
)
-
-
-
1
-
Repurchases of common stock
-
-
-
-
-
(2.9
)
(33
)
(33
)
Activity related to employee stock purchase plan
-
-
(27
)
-
-
0.2
28
1
Post
-
separation dividend adjustment
-
-
(3
)
-
-
-
-
(3
)
Other
-
-
2
-
-
-
-
2
Balance at December 31, 2008
136.8
$
1
$
9,197
$
(2,644
)
$
(194
)
(35.0
)
$
(6,267
)
$
93
Comprehensive income:
Net loss
-
-
-
(47
)
-
-
-
Currency translation adjustment
-
-
-
-
104
-
-
Unrealized gains on cash flow hedges, net of tax of $(28)
-
-
-
-
43
-
-
Pension liability adjustment, net of tax of $(7)
-
-
-
-
10
-
-
Total comprehensive income
110
Issuance of warrants
-
-
62
-
-
-
-
62
Purchase of call options, net of tax of $36
-
-
(59
)
-
-
-
-
(59
)
Net activity related to restricted stock units
0.1
-
(101
)
-
-
0.4
115
14
Activity related to employee stock purchase plan
-
-
(3
)
-
-
-
3
-
Post
-
separation dividend adjustment
-
-
1
-
-
-
-
1
Other
-
-
1
-
-
-
-
1
Balance at December 31, 2009
136.9
$
1
$
9,098
$
(2,691
)
$
(37
)
(34.6
)
$
(6,149
)
$
222