E-Z-GO 2001 Annual Report Download - page 40

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For each of the years in the three-year period ended December 29, 2001
Shares Outstanding*Dollars
(In thousands) (In millions)
2001 2000 1999 2001 2000 1999
$2.08 Preferred stock
Beginning balance 143 159 178 $5$5$6
Conversion to common stock (10) (16) (19) ––(1)
Ending balance 133 143 159 $5$5$5
$1.40 Preferred stock
Beginning balance 67 74 86 $7$7$7
Conversion to common stock (5) (7) (12) (1) ––
Ending balance 62 67 74 $6$7$7
Common stock
Beginning balance 140,933 147,002 154,742 $24$24$24
Purchases (738) (6,627) (9,779) –––
Exercise of stock options 882 430 1,428 –––
Conversion of preferred stock to common stock 60 97 129 1––
Other issuances of common stock 114 31 482 –––
Ending balance 141,251 140,933 147,002 $25$24$24
Capital surplus
Beginning balance $1,026 $1,009 $ 931
Conversion of preferred stock to common stock –11
Exercise of stock options and other issuances 38 16 77
Ending balance $1,064 $1,026 $1,009
Retained earnings
Beginning balance $5,848 $5,817 $3,786
Net income 166 218 2,226
Dividends declared:
Preferred stock ––(1)
Common stock (per share: $1.30) (185) (187) (194)
Ending balance $5,829 $5,848 $5,817
Treasury stock
Beginning balance $2,744 $2,387 $1,661
Purchases of common stock 34 358 748
Issuance of common stock (6) (1) (22)
Ending balance $2,772 $2,744 $2,387
Accumulated other comprehensive loss
Beginning balance $(172) $(98) $ (96)
Currency translation adjustment (20) (74) 8
Deferred losses on hedge contracts (32) ––
Unrealized gains (losses) on securities 1–(13)
Pension liability adjustment ––3
Other comprehensive loss (51) (74) (2)
Ending balance $(223) $(172) $ (98)
Comprehensive income
Net income $166 $218 $2,226
Other comprehensive loss (51) (74) (2)
Comprehensive income $115 $144 $ 2,224
*Shares issued at the end of 2001, 2000, 1999 and 1998, w ere as follow s (in thousands): $2.08 Preferred - 202; 212; 228; and 247 shares, respectively; $1.40 Preferred - 549; 554;
561; and 573 shares, respectively; Common - 196,337; 195,394; 194,858; and 193,277 shares, respectively.
See notes to the consolidated financial statements.
Consolidated Statements of Changes in Shareholders’ Equity
38 Textron Annual Report