Avnet 2003 Annual Report Download - page 55
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Please find page 55 of the 2003 Avnet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Years Ended June 27, 2003, June 28, 2002 and June 29, 2001
Additional Cumulative Other Total
Paid-in Retained Comprehensive Treasury Shareholders'
Common Stock Capital Earnings Income (Loss) Stock Equity
(Thousands, except per share amounts)
Balance, June 30, 2000 ÏÏÏÏÏÏÏÏÏÏÏÏ $115,400 $470,360 $1,776,025 $(52,289) $(62,793) $2,246,703
Net income ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì 15,402 Ì Ì 15,402
Translation adjustments (Note 4) ÏÏÏ Ì Ì Ì (1,715) Ì (1,715)
Valuation adjustments, net of tax of
$1,562 (Note 4) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì (2,293) Ì (2,293)
Comprehensive income (Note 4) ÏÏÏÏ 11,394
Dividends, $0.30 per shareÏÏÏÏÏÏÏÏÏÏ Ì Ì (29,601) Ì Ì (29,601)
Acquisitions of operations ÏÏÏÏÏÏÏÏÏÏ 1,361 47,449 Ì Ì 62,255 111,065
Kent's net income for the quarter
ended June 30, 2000 (Note 2) ÏÏÏÏ Ì Ì 8,819 Ì Ì 8,819
Stock option and incentive programs,
including related tax beneÑts of
$5,493ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,079 24,924 Ì Ì 207 26,210
Balance, June 29, 2001 ÏÏÏÏÏÏÏÏÏÏÏÏ 117,840 542,733 1,770,645 (56,297) (331) 2,374,590
Net loss ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì (664,931) Ì Ì (664,931)
Translation adjustments (Note 4) ÏÏÏ Ì Ì Ì 101,159 Ì 101,159
Minimum pension liability
adjustment, net of tax of $11,155
(Notes 4 and 15) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì (17,050) Ì (17,050)
Comprehensive loss (Note 4) ÏÏÏÏÏÏÏ (580,822)
Dividends, $0.15 per shareÏÏÏÏÏÏÏÏÏÏ Ì Ì (17,706) Ì Ì (17,706)
Stock option and incentive programs,
including related tax beneÑts of
$4,217ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,591 26,704 Ì Ì 153 28,448
Balance, June 28, 2002 ÏÏÏÏÏÏÏÏÏÏÏÏ 119,431 569,437 1,088,008 27,812 (178) 1,804,510
Net loss ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì (46,116) Ì Ì (46,116)
Translation adjustments (Note 4) ÏÏÏ Ì Ì Ì 98,346 Ì 98,346
Minimum pension liability
adjustment, net of tax of $19,988
(Notes 4 and 15) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì (22,951) Ì (22,951)
Comprehensive income (Note 4) ÏÏÏÏ 29,279
Stock option and incentive programs,
including related tax beneÑts of
$278 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 124 (1,427) Ì Ì 36 (1,267)
Balance, June 27, 2003 ÏÏÏÏÏÏÏÏÏÏÏÏ $119,555 $568,010 $1,041,892 $103,207 $ (142) $1,832,522
See notes to consolidated Ñnancial statements
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