Estee Lauder 2002 Annual Report Download - page 56

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THEEST{E LAUDER COMPANIES INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME
YEAR ENDED JUNE 30 2002 2001 2000
(In millions)
STOCKHOLDERS’ EQUITY
Common stock, beginning of year $2.4 $ 2.4 $ 2.4
Common stock, end of year 2.4 2.4 2.4
Paid-in capital, beginning of year 258.3 237.1 211.6
Stock compensation programs 10.5 21.2 25.5
Paid-in capital, end of year 268.8 258.3 237.1
Retained earnings, beginning of year 1,242.7 1,008.6 766.2
Preferred stock dividends (23.4) (23.4) (23.4)
Common stock dividends (47.5) (47.7) (47.5)
Issuance of treasury stock ——(0.8)
Net earnings for the year 191.9 305.2 314.1
Retained earnings, end of year 1,363.7 1,242.7 1,008.6
Accumulated other comprehensive income (loss), beginning of year (120.5) (57.1) (44.3)
Other comprehensive income (loss) 28.0 (63.4) (12.8)
Accumulated other comprehensive income (loss), end of year (92.5) (120.5) (57.1)
Treasury stock, beginning of year (30.8) (30.7) (11.4)
Acquisition of treasury stock (49.7) (0.1) (23.6)
Issuance of treasury stock —— 4.3
Treasury stock, end of year (80.5) (30.8) (30.7)
Total stockholders’ equity $1,461.9 $1,352.1 $1,160.3
COMPREHENSIVE INCOME
Net earnings $191.9 $ 305.2 $ 314.1
Other comprehensive income (loss):
Net unrealized investment gains (losses) (3.0) (11.0) 7.8
Net derivative instrument losses (7.1) (2.0) —
Net minimum pension liability adjustments (7.9) (12.4) —
Translation adjustments 46.0 (38.0) (20.6)
Other comprehensive income (loss) 28.0 (63.4) (12.8)
Total comprehensive income $ 219.9 $ 241.8 $ 301.3
See notes to consolidated financial statements.
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