Carnival Cruises 2003 Annual Report Download - page 11

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8Carnival Corporation & plc
Unearned Accumulated Total
Compre- Additional stock other share-
hensive Common Ordinary paid-in Retained compen- comprehensive Treasury holders’
(in millions)
income stock shares capital earnings sation income (loss) stock equity
Balances at November 30, 2000 . . . . . . . $6 $1,773 $4,884 $(12) $ (75) $ (705) $ 5,871
Comprehensive income
Net income. . . . . . . . . . . . . . . . . . . $ 926 926 926
Foreign currency
translation adjustment, net . . . . . 46 46 46
Unrealized gains on
marketable securities, net . . . . . . 6 66
Minimum pension liability
adjustment . . . . . . . . . . . . . . . . . (6) (6) (6)
Changes related to cash flow
derivative hedges, net. . . . . . . . . (4) (4) (4)
Transition adjustment for
cash flow derivative hedges . . . . (4) (4) (4)
Total comprehensive income . . $ 964
Cash dividends declared . . . . . . . . . . . (246) (246)
Issuance of stock under stock plans . . 32 (5) (22) 5
Amortization of unearned stock
compensation . . . . . . . . . . . . . . . . . 55
Other . . . . . . . . . . . . . . . . . . . . . . . . . (8) (8)
Balances at November 30, 2001 . . . . . . . 6 1,805 5,556 (12) (37) (727) 6,591
Comprehensive income
Net income. . . . . . . . . . . . . . . . . . . $1,016 1,016 1,016
Foreign currency
translation adjustment. . . . . . . . . 51 51 51
Minimum pension liability
adjustment . . . . . . . . . . . . . . . . . (9) (9) (9)
Unrealized gains on
marketable securities, net . . . . . . 3 33
Total comprehensive income . . $1,061
Cash dividends declared . . . . . . . . . . . (246) (246)
Issuance of stock under stock plans . . 11 (4) 7
Retirement of treasury stock . . . . . . . (727) 727
Amortization of unearned stock
compensation . . . . . . . . . . . . . . . . . 55
Balances at November 30, 2002 . . . . . . . 6 1,089 6,326 (11) 8 7,418
Comprehensive income
Net income. . . . . . . . . . . . . . . . . . . $1,194 1,194 1,194
Foreign currency
translation adjustment. . . . . . . . . 162 162 162
Unrealized losses on
marketable securities, net . . . . . . (1) (1) (1)
Changes related to cash flow
derivative hedges, net. . . . . . . . . (9) (9) (9)
Total comprehensive income . . $1,346
Cash dividends declared . . . . . . . . . . . (329) (329)
Acquisition of Carnival plc . . . . . . . . . . $346 6,010 (1,058) 5,298
Issuance of stock under stock plans . . 3 64 (14) 53
Amortization of unearned stock
compensation . . . . . . . . . . . . . . . . . 77
Balances at November 30, 2003. . . . . . $6 $349 $7,163 $7,191 $(18) $160 $(1,058) $13,793
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Shareholders’ Equity