Chevron 2006 Annual Report Download - page 57

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CHEVRON CORPORATION 2006 ANNUAL REPORT 55CHEVRON CORPORATION 2006 ANNUAL REPORT 55
2006 2005 2004
Shares Amount Shares Amount Shares Amount
PREFERRED STOCK – $ – – $ – – $ –
COMMON STOCK
Balance at January 1 2,442,677 $ 1,832 2,274,032 $ 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 2,442,677 $ 1,832 2,274,032 $ 1,706
CAPITAL IN EXCESS OF PAR
Balance at January 1 $ 13,894 $ 4,160 $ 4,002
Shares issued for Unocal acquisition – 9,585 –
Treasury stock transactions 232 149 158
BALANCE AT DECEMBER 31 $ 14,126 $ 13,894 $ 4,160
RETAINED EARNINGS
Balance at January 1 $ 55,738 $ 45,414 $ 35,315
Net income 17,138 14,099 13,328
Cash dividends on common stock (4,396) (3,778) (3,236)
Adoption of EITF 04-6, “Accounting for Stripping Costs
Incurred during Production in the Mining Industry” (19) – –
Tax benefi t from dividends paid on
unallocated ESOP shares and other 3 3 7
BALANCE AT DECEMBER 31 $ 68,464 $ 55,738 $ 45,414
NOTES RECEIVABLE – KEY EMPLOYEES $ (2) $ (3) $ –
ACCUMULATED OTHER COMPREHENSIVE LOSS
Currency translation adjustment
Balance at January 1 $ (145) $ (140) $ (176)
Change during year 55 (5) 36
Balance at December 31 $ (90) $ (145) $ (140)
Pension and other postretirement benefi t plans
Balance at January 1 $ (344) $ (402) $ (874)
Change to minimum pension liability during year (38) 58 472
Adoption of FAS 158, “Employers’ Accounting for
Defi ned Pension and Other Postretirement Plans” (2,203) – –
Balance at December 31 $ (2,585) $ (344) $ (402)
Unrealized net holding gain on securities
Balance at January 1 $ 88 $ 120 $ 129
Change during year (88) (32) (9)
Balance at December 31 $ – $ 88 $ 120
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $ (28) $ 103 $ 112
Change during year 67 (131) (9)
Balance at December 31 $ 39 $ (28) $ 103
BALANCE AT DECEMBER 31 $ (2,636) $ (429) $ (319)
DEFERRED COMPENSATION AND BENEFIT PLAN TRUST
DEFERRED COMPENSATION
Balance at January 1 $ (246) $ (367) $ (362)
Net reduction of ESOP debt and other 32 121 (5)
BALANCE AT DECEMBER 31 (214) (246) (367)
BENEFIT PLAN TRUST (COMMON STOCK) 14,168 (240) 14,168 (240) 14,168 (240)
BALANCE AT DECEMBER 31 14,168 $ (454) 14,168 $ (486) 14,168 $ (607)
TREASURY STOCK AT COST
Balance at January 1 209,990 $ (7,870) 166,912 $ (5,124) 135,747 $ (3,317)
Purchases 80,369 (5,033) 52,013 (3,029) 42,607 (2,122)
Issuances – mainly employee benefit plans (12,241) 508 (8,935) 283 (11,442) 315
BALANCE AT DECEMBER 31 278,118 $ (12,395) 209,990 $ (7,870) 166,912 $ (5,124)
TOTAL STOCKHOLDERS’ EQUITY AT DECEMBER 31 $ 68,935 $ 62,676 $ 45,230
See accompanying Notes to the Consolidated Financial Statements.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Shares in thousands; amounts in millions of dollars