Chevron 2005 Annual Report Download - page 59

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2005 2004 2003
Shares Amount Shares Amount Shares Amount
PREFERRED STOCK – $ – – $ – – $ –
COMMON STOCK1
Balance at January 1 2,274,032 $ 1,706 2,274,042 $ 1,706 2,274,042 $ 1,706
Shares issued for Unocal acquisition 168,645 126 – –
Conversion of Texaco Inc. acquisition – – (10) – – –
BALANCE AT DECEMBER 31 2,442,677 $ 1,832 2,274,032 $ 1,706 2,274,042 $ 1,706
CAPITAL IN EXCESS OF PAR1
Balance at January 1 $ 4,160 $ 4,002 $ 3,980
Shares issued for Unocal acquisition 9,585 – –
Stock options and restricted stock units 67 – –
Treasury stock transactions 82 158 22
BALANCE AT DECEMBER 31 $ 13,894 $ 4,160 $ 4,002
RETAINED EARNINGS
Balance at January 1 $ 45,414 $ 35,315 $ 30,942
Net income 14,099 13,328 7,230
Cash dividends on common stock (3,778) (3,236) (3,033)
Tax benefi t from dividends paid on
unallocated ESOP shares and other 3 7 6
Exchange of Dynegy securities – – 170
BALANCE AT DECEMBER 31 $ 55,738 $ 45,414 $ 35,315
NOTES RECEIVABLE – KEY EMPLOYEES $ (3) $ – $ –
ACCUMULATED OTHER COMPREHENSIVE LOSS
Currency translation adjustment
Balance at January 1 $ (140) $ (176) $ (208)
Change during year
2 (5) 36 32
Balance at December 31 $ (145) $ (140) $ (176)
Minimum pension liability adjustment
Balance at January 1 $ (402) $ (874) $ (876)
Change during year 58 472 2
Balance at December 31 $ (344) $ (402) $ (874)
Unrealized net holding gain on securities
Balance at January 1 $ 120 $ 129 $ 49
Change during year (32) (9) 80
Balance at December 31 $ 88 $ 120 $ 129
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $ 103 $ 112 $ 37
Change during year
2 (131) (9) 75
Balance at December 31 $ (28) $ 103 $ 112
BALANCE AT DECEMBER 31 $ (429) $ (319) $ (809)
DEFERRED COMPENSATION AND BENEFIT PLAN TRUST
DEFERRED COMPENSATION
Balance at January 1 $ (367) $ (362) $ (412)
Net reduction of ESOP debt and other 121 (5) 50
BALANCE AT DECEMBER 31 (246) (367) (362)
BENEFIT PLAN TRUST (COMMON STOCK)1 14,168 (240) 14,168 (240) 14,168 (240)
BALANCE AT DECEMBER 31 14,168 $ (486) 14,168 $ (607) 14,168 $ (602)
TREASURY STOCK AT COST1
Balance at January 1 166,912 $ (5,124) 135,747 $ (3,317) 137,769 $ (3,374)
Purchases 52,013 (3,029) 42,607 (2,122) 81 (3)
Issuances – mainly employee benefit plans (8,935) 283 (11,442) 315 (2,103) 60
BALANCE AT DECEMBER 31 209,990 $ (7,870) 166,912 $ (5,124) 135,747 $ (3,317)
TOTAL STOCKHOLDERS’ EQUITY AT DECEMBER 31 $ 62,676 $ 45,230 $ 36,295
1 2003 restated to refl ect a two-for-one stock split effected as a 100 percent stock dividend in September 2004.
2 Includes Unocal balances at December 31, 2005.
See accompanying Notes to the Consolidated Financial Statements.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Shares in thousands; amounts in millions of dollars
CHEVRON CORPORATION 2005 ANNUAL REPORT 57