E-Z-GO 2003 Annual Report Download - page 39

Download and view the complete annual report

Please find page 39 of the 2003 E-Z-GO annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

37
For each of the years in the three-year period ended January 3, 2004
(In thousands) (In millions)
2002 2001 2002 2001
Beginning balance 120 133 143 $ 5 $ 5 $ 5
Conversion to common stock (8) (13) (10) (1) — —
Ending balance 112 120 133 $ 4 $ 5 $ 5
Beginning balance 56 62 67 $ 6 $ 6 $ 7
Conversion to common stock (4) (6) (5) — — (1)
Ending balance 52 56 62 $ 6 $ 6 $ 6
Beginning balance 136,500 141,251 140,933 $ 25 $ 25 $ 24
Purchases (1,951) (5,734) (738) — — —
Exercise of stock options 1,788 689 882 — — —
Conversion of preferred stock to common stock 48 79 60 — — 1
Other issuances of common stock 853 215 114 — — —
Ending balance 137,238 136,500 141,251 $ 25 $ 25 $ 25
Beginning balance $ 1,080 $ 1,064 $ 1,026
Conversion of preferred stock to common stock — — —
Exercise of stock options and other issuances 68 16 38
Ending balance $ 1,148 $ 1,080 $ 1,064
Beginning balance $ 5,526 $ 5,829 $ 5,848
Net income (loss) 259 (124) 166
Dividends declared on common stock (per share: $1.30) (179) (179) (185)
Ending balance $ 5,606 $ 5,526 $ 5,829
Beginning balance $ 3,011 $ 2,772 $ 2,744
Purchases of common stock 66 249 34
Issuance of common stock (42) (10) (6)
Ending balance $ 3,035 $ 3,011 $ 2,772
Beginning balance $ (225) $ (223) $ (172)
Currency translation adjustment 159 78 (20)
Deferred gains (losses) on hedge contracts 37 13 (32)
Unrealized gains on securities —21
Minimum pension liability adjustment (35) (95) —
Other comprehensive income (loss) 161 (2) (51)
Ending balance $ (64) $ (225) $ (223)
Net income (loss) $ 259 $ (124) $ 166
Other comprehensive income (loss) 161 (2) (51)
Comprehensive income (loss) $ 420 $ (126) $ 115
* Shares issued at the end of 2003, 2002, 2001 and 2000, were as follows (in thousands): $2.08 Preferred 181; 189; 202 and 212 shares, respec-
tively; $1.40 Preferred - 540; 543; 549 and 554 shares, respectively; Common - 198,957; 197,110; 196,337 and 195,394 shares, respectively.
See notes to the consolidated financial statements.