EMC 2008 Annual Report Download - page 56

Table of Contents
EMC CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(in thousands)
Common Stock
Accumulated
Other
Comprehensive
Loss
Additional
Paid-in
Capital Deferred Compensation Retained Earnings Stockholders' Equity
Shares Par Value
Balance, January 1, 2006 2,384,147 $23,841 $ 5,867,076 $ (332,311)$ 6,570,511 $ (63,687)$12,065,430
Stock issued through stock option and stock purchase plans 34,787 349 257,440 — — — 257,789
Tax benefit from stock options exercised — — 30,728 — — — 30,728
Restricted stock grants, cancellations and withholdings, net 5,739 56 (20,069) — — — (20,013)
Repurchase of common stock (302,334) (3,023) (3,652,381) — — — (3,655,404)
Reclassification of deferred compensation to additional paid-in
capital — — (332,311) 332,311 — — —
Stock options issued in business acquisitions — — 41,151 — — — 41,151
Stock-based compensation — — 399,949 — — — 399,949
Purchase of call options — — (669,076) — — — (669,076)
Tax benefit from purchase of call options — — 250,903 — — — 250,903
Sale of warrants — — 391,144 — — — 391,144
Impact of adoption of new accounting standard for pension and
other post-retirement plans (see Note A) — — — — — (58,275) (58,275)
Impact of adoption of new accounting standard for shared-based
payment — — (3,619) — — — (3,619)
Change in market value of investments — — — — — 22,762 22,762
Change in market value of derivatives — — — — — (805) (805)
Translation adjustment — — — — — 45,442 45,442
Net income — — — — 1,227,601 — 1,227,601
Balance, December 31, 2006 2,122,339 21,223 2,560,935 — 7,798,112 (54,563) 10,325,707
Stock issued through stock option and stock purchase plans 77,864 780 781,669 — — — 782,449
Tax benefit from stock options exercised — — 140,441 — — — 140,441
Restricted stock grants, cancellations and withholdings, net (8,629) (87) (38,012) — — — (38,099)
Repurchase of common stock (89,387) (894) (1,452,775) — — — (1,453,669)
Stock options issued in business acquisitions — — 4,607 — — — 4,607
Stock-based compensation — — 378,243 — — — 378,243
Impact of adopting new standard for uncertainty in income taxes
(see Note K) — — — — 6,509 — 6,509
Adjustment to tax benefit on call options — — (6,045) — — — (6,045)
Minority interest impact of VMware — — (16,836) — — — (16,836)
Gain on VMware's sale of its common stock, net of tax of $411,738
(see Note B) — — 686,228 — — — 686,228
Actuarial gain on pension plan, net of tax of $10,500 — — — — — 17,960 17,960
Change in market value of investments — — — — — 20,938 20,938
Change in market value of derivatives — — — — — 107 107
Translation adjustment — — — — — 7,109 7,109
Net income — — — — 1,665,668 — 1,665,668
Balance, December 31, 2007 2,102,187 21,022 3,038,455 — 9,470,289 (8,449) 12,521,317
Stock issued through stock option and stock purchase plans 23,538 234 240,826 — — — 241,060
Tax benefit from stock options exercised — — 109,236 — — — 109,236
Restricted stock grants, cancellations and withholdings, net (633) (6) (56,035) — — — (56,041)
Repurchase of common stock (112,154) (1,121) (1,488,380) — — — (1,489,501)
Repurchase of VMware common stock from Cisco — — (13,259) — — — (13,259)
Stock options issued in business acquisitions — — 4,057 — — — 4,057
Stock-based compensation — — 531,086 — — — 531,086
Adjustment to tax benefit on call options — — (6,906) — — — (6,906)
Minority interest impact of VMware — — 26,850 — — — 26,850
Actuarial loss on pension plan, net of tax of $55,680 — — — — — (94,563) (94,563)
Change in market value of investments — — — — — (37,715) (37,715)
Change in market value of derivatives — — — — — (1,145) (1,145)
Translation adjustment — — — — — (38,080) (38,080)
Net income — — — — 1,345,567 — 1,345,567
Balance, December 31, 2008 2,012,938 $20,129 $ 2,385,930 $ — $10,815,856 $ (179,952)$13,041,963
The accompanying notes are an integral part of the consolidated financial statements.