Estee Lauder 2005 Annual Report Download - page 58

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THE EST{E LAUDER COMPANIES INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME
YEAR ENDED JUNE 30 2005 2004 2003
(In millions)
STOCKHOLDERS’ EQUITY
Common stock, beginning of year $2.4 $ 2.4 $ 2.4
Stock compensation programs 0.1 ——
Common stock, end of year 2.5 2.4 2.4
Paid-in capital, beginning of year 382.3 293.7 268.8
Stock compensation programs 82.9 88.6 24.9
Paid-in capital, end of year 465.2 382.3 293.7
Retained earnings, beginning of year 1,887.2 1,613.6 1,363.7
Preferred stock dividends —— (23.4)
Common stock dividends (90.1) (68.5) (46.5)
Net earnings for the year 406.1 342.1 319.8
Retained earnings, end of year 2,203.2 1,887.2 1,613.6
Accumulated other comprehensive income (loss), beginning of year 10.5 (53.1) (92.5)
Other comprehensive income (loss) (1.1) 63.6 39.4
Accumulated other comprehensive income (loss), end of year 9.4 10.5 (53.1)
Treasury stock, beginning of year (548.9) (433.0) (80.5)
Acquisition of treasury stock (438.6) (115.9) (352.5)
Treasury stock, end of year (987.5) (548.9) (433.0)
Total stockholders’ equity $1,692.8 $1,733.5 $1,423.6
COMPREHENSIVE INCOME
Net earnings $ 406.1 $ 342.1 $ 319.8
Other comprehensive income (loss):
Net unrealized investment gains (losses) 0.3 (0.6) 0.8
Net derivative instrument gains 1.8 11.7 7.6
Net minimum pension liability adjustments (11.4) 16.0 (20.3)
Translation adjustments 8.2 36.5 51.3
Other comprehensive income (loss) (1.1) 63.6 39.4
Total comprehensive income $ 405.0 $ 405.7 $ 359.2
See notes to consolidated financial statements.
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