Boeing 2005 Annual Report Download - page 51

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Consolidated Statements of Shareholders’ Equity
Accumulated
Additional Other
(Dollars in millions)
Paid-In
Capital
Treasury
Stock
ShareValue
Trust
Comprehensive
Loss
Retained
Earnings
Comprehensive
Income / (Loss)
Balance January 1, 2003 $2,141 $(8,397) $(1,324) $(4,045) $14,262 $(3,068)
Share-based compensation 456
Tax benefit related to share-based plans (79)
ShareValue Trust market value adjustment 416 (416)
Treasury shares issued for share-based plans, net (54) 75
Net earnings 718 718
Cash dividends declared ($0.68 per share) (573)
Minimum pension liability adjustment, net of tax of $132 (222) (222)
Reclassification adjustment for losses realized in
net earnings, net of tax of $(11) 20 20
Unrealized holding gain, net of tax of $(1) 3 3
Gain on derivative instruments, net of tax of $(18) 32 32
Currency translation adjustment 67 67
Balance December 31, 2003 $2,880 $(8,322) $(1,740) $(4,145) $14,407 $ 618
Share-based compensation 576
Tax benefit related to share-based plans 13
Shares paid out, net of fees 143
ShareValue Trust market value adjustment 283 (426)
Treasury shares issued for share-based plans, net (332) 264
Treasury shares repurchased (752)
Net earnings 1,872 1,872
Cash dividends declared ($0.85 per share) (714)
Minimum pension liability adjustment, net of tax of $(1,257) 2,188 2,188
Reclassification adjustment for losses
realized in net earnings, net of tax of $(12) 21 21
Gain on derivative instruments, net of tax of $(8) 14 14
Unrealized loss on certain investments, net of tax of $18 (34) (34)
Currency translation adjustment 31 31
Balance December 31, 2004 $3,420 $(8,810) $(2,023) $(1,925) $15,565 $ 4,092
Share-based compensation 720
Tax benefit related to share-based plans 35
Restricted stock compensation and reclassification
of deferred compensation 3
Changes in capital stock 23
ShareValue Trust market value adjustment 773 (773)
Excess tax pools 63
Treasury shares issued for share-based plans, net (666) 612
Treasury shares repurchased (2,877)
Net earnings 2,572 2,572
Cash dividends declared ($1.05 per share) (861)
Minimum pension liability adjustment, net of tax of $(45) 167 167
Reclassification adjustment for losses
realized in net earnings, net of taxes of $(15) 21 21
Unrealized loss on certain investments, net of tax of $8 (12) (12)
Currency translation adjustment (29) (29)
Balance December 31, 2005 $ 4,371 $(11,075) $ (2,796) $ (1,778) $17,276 $ 6,811
See notes to consolidated financial statements on pages 50–84.
Issued common shares totaled 1,012,261,159 as of December 31, 2005 and 1,011,870,159 as of December 31, 2004 and 2003. The par value of these shares was $5,061 as
of December 31, 2005 and $5,059 as of December 31 2004 and 2003. Treasury shares as of December 31, 2005, 2004 and 2003 were 212,090,978, 179,686,231 and
170,388,053. There were 45,217,300 and 14,708,856 treasury shares acquired for the years ended December 31, 2005 and 2004 and no treasury shares acquired for the year
ended December 31, 2003. Treasury shares issued for share-based plans for the years ended December 31, 2005, 2004 and 2003, were 12,812,111, 5,410,678 and
1,451,897. ShareValue Trust shares as of December 31, 2005, 2004 and 2003, were 39,593,463, 38,982,205 and 41,203,694. ShareValue Trust shares acquired primarily from
dividend reinvestment were 611,257, 645,866 and 829,884 for the same periods. There was a Share Value Trust payout of zero and 2,867,355 shares during the years ended
December 31, 2005 and 2004 and no payout for the year ended December 31, 2003.
No adjustments to Accumulated other comprehensive loss are included in reported net earnings except for the $21, $21, and $20 reclassification adjustment, for losses
realized in net earnings, net of tax, of which $(3), $10, and $20 relate to derivatives and $24, $11, and $0 relate to investments, during the years ended December 31, 2005,
2004, and 2003.
The Boeing Company and Subsidiaries 49