CenterPoint Energy 2004 Annual Report Download - page 41

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39
CONDENSED STATEMENTS OF CONSOLIDATED SHAREHOLDERS’ EQUITY
2002 2003 2004
Shares Amount Shares Amount Shares Amount
(In thousands of dollars and shares)
Common Stock, $0.01 par value;
authorized 1,000,000,000 shares
Balance, beginning of year 302,944 $ 3,029 305,017 $ 3,050 306,297 $ 3,063
Issuances related to benefit and investment plans 2,073 21 1,280 13 1,748 17
Balance, end of year 305,017 3,050 306,297 3,063 308,045 3,080
Additional Paid-in-Capital
Balance, beginning of year — 3,894,272 — 3,046,043 — 2,868,416
Issuances related to benefit and investment plans — 11,866 — (31,364) — 22,919
Loss on issuance of subsidiaries’ stock — (12,835) — — — —
Distribution of subsidiaries’ stock — (847,200) — (146,263) — —
Other — (60) — — — —
Balance, end of year — 3,046,043 — 2,868,416 — 2,891,335
Unearned ESOP stock
Balance, beginning of year (7,070) (131,888) (4,916) (78,049) (912) (2,842)
Issuances related to benefit plan 2,154 53,839 4,004 75,207 912 2,842
Balance, end of year (4,916) (78,049) (912) (2,842) — —
Retained Earnings (Deficit)
Balance, beginning of year 3,176,533 (1,062,083) (700,033)
Net income (loss) (3,920,234) 483,667 (904,704)
Common stock dividends (318,382) (121,617) (122,834)
Balance, end of year (1,062,083) (700,033) (1,727,571)
Accumulated Other Comprehensive Income (Loss)
Balance, end of year:
Minimum pension liability adjustment (419,909) (372,613) (6,019)
Net deferred loss from cash flow hedges (66,422) (35,434) (51,750)
Other comprehensive loss from
discontinued operations (680) — (3,573)
Total Accumulated Other Comprehensive Loss,
end of year (487,011) (408,047) (61,342)
Total Shareholders’ Equity $ 1,421,950 $1,760,557 $ 1,105,502
See Notes to the Consolidated Financial Statements in the Company’s Form 10-K.