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Table of Contents
EMC CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(in thousands)
Common Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interest in
VMware
Shareholders'
Equity
Shares Par Value
Balance, January 1, 2008 2,102,187 $ 21,022 $ 3,462,673 $ 9,396,108 $ (8,449) $ 188,988 $13,060,342
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
Impact from equity transactions of VMware, Inc. — — 26,850 — — 93,794 120,644
Actuarial loss on pension plan, net of tax benefit 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 — — — 1,275,104 — 44,725 1,319,829
Balance, December 31, 2008 2,012,938 20,129 2,817,054 10,671,212 (179,952) 327,507 13,655,950
Stock issued through stock option and stock purchase plans 38,729 387 365,974 — — — 366,361
Tax benefit from stock options exercised — — 33,967 — — — 33,967
Restricted stock grants, cancellations and withholdings, net 774 8 (55,310) — — — (55,302)
Stock options issued in business acquisitions — — 83,780 — — — 83,780
Stock-based compensation — — 604,757 — — — 604,757
Impact from equity transactions of VMware, Inc. — — 25,569 — — 148,522 174,091
Actuarial gain on pension plan, net of tax of $13,092 — — — — 21,877 — 21,877
Change in market value of investments — — — — 34,216 839 35,055
Change in market value of derivatives — — — — 3,187 — 3,187
Translation adjustment — — — — 14,950 — 14,950
Net income — — — 1,088,077 — 33,724 1,121,801
Balance, December 31, 2009 2,052,441 20,524 3,875,791 11,759,289 (105,722) 510,592 16,060,474
Stock issued through stock option and stock purchase plans 63,710 637 780,095 — — — 780,732
Tax benefit from stock options exercised — — 288,749 — — — 288,749
Restricted stock grants, cancellations and withholdings, net 5,762 58 (66,180) — — — (66,122)
Repurchase of common stock (52,667) (527) (999,397) — — — (999,924)
EMC purchase of VMware stock — — (353,915) — — (45,309) (399,224)
Stock options issued in business acquisitions — — 28,668 — — — 28,668
Stock-based compensation — — 684,276 — — — 684,276
Impact from equity transactions of VMware, Inc. — — (186,177) — — 224,669 38,492
Actuarial loss on pension plan, net of tax benefit of $1,392 — — — — (4,057) — (4,057)
Change in market value of investments — — — — 29,941 3,093 33,034
Change in market value of derivatives — — — — (8,145) — (8,145)
Translation adjustment — — — — (4,634) — (4,634)
Reclassification of convertible debt to mezzanine (Note E) — — (235,229) — — — (235,229)
Net income — — — 1,899,995 — 69,691 1,969,686
Balance, December 31, 2010 2,069,246 $ 20,692 $ 3,816,681 $13,659,284 $ (92,617) $ 762,736 $18,166,776
The accompanying notes are an integral part of the consolidated financial statements.
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