Banana Republic 2005 Annual Report Download - page 42

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G A P I N C . F I N A N C I A L S 2 0 0 5
40 gap inc. 2005 annual report
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Stock
(In millions except share and per share amounts) Additional
Shares Amount Paid-in Capital
Balance at February 1, 2003 968,010,453 $ 48 $ 638
Issuance of common stock pursuant to stock option plans 8,143,466 1 89
Conversion of convertible debt 310
Tax benefit from exercise of stock options by employees
and from vesting of restricted stock 7
Adjustments for foreign currency translation
Adjustments for fluctuations in fair market value of financial instruments, net of tax ($19)
Reclassification of amounts to net earnings, net of tax ($10)
Amortization of restricted stock and discounted stock options
Reissuance of treasury stock (2)
Net earnings
Cash dividends ($.09 per share)
Balance at January 31, 2004 976,154,229 49 732
Issuance of common stock pursuant to stock option plans 9,149,786 129
Conversion of convertible debt 434,367 7
Tax benefit from exercise of stock options by employees
and from vesting of restricted stock 31
Adjustments for foreign currency translation
Adjustments for fluctuations in fair market value of financial instruments, net of tax ($21)
Reclassification of amounts to net earnings, net of tax ($16)
Amortization of restricted stock and discounted stock options
Repurchase of common stock
Reissuance of treasury stock 5
Net earnings
Cash dividends ($.09 per share)
Balance at January 29, 2005 985,738,382 49 904
Issuance of common stock pursuant to stock option plans 8,042,294 1 109
Conversion of convertible debt 85,143,950 4 1,351
Tax benefit from exercise of stock options by employees
and from vesting of restricted stock 19
Adjustments for foreign currency translation
Adjustments for fluctuations in fair market value of financial instruments, net of tax ($1)
Reclassification of amounts to net earnings, net of tax ($17)
Amortization of restricted stock and discounted stock options 18
Repurchase of common stock
Reissuance of treasury stock 1
Net earnings
Cash dividends ($.18 per share)
Balance at January 28, 2006 1,078,924,626 $ 54 $ 2,402
See Notes to the Consolidated Financial Statements