Federal Express 1998 Annual Report Download - page 39

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In thousands,
except shares Additional
Common Paid-in Retained Treasury Deferred
Stock Capital Earnings Stock Compensation
BALANCE AT MAY 31,1995
$ 8,888 $863,035 $2,444,886 $(55,122) $ (724)
Cash dividends declared by
Caliber System, Inc. — — (54,706) — —
Distribution of Roadway Express, Inc. — — (199,745) — —
Purchase of treasury stock — — — (13,009) —
Forfeiture of restricted stock — — — (1,068) 1,130
Issuance of common and treasury stock
under employee incentive plans
(932,105 shares) 72 40,051 — 17,477 (13,898)
Amortization of deferred compensation ————2,227
Foreign currency translation adjustment — — (7,626) — —
Net income — — 280,572 — —
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BALANCE AT MAY 31,1996
8,960 903,086 2,463,381 (51,722) (11,265)
Cash dividends declared by
Caliber System, Inc. — — (28,184) — —
Purchase of treasury stock — — — (15,057) —
Forfeiture of restricted stock — — — (803) 720
Two-for-one stock split by
Federal Express Corporation in
the form of a 100% stock dividend 5,699 — (5,699) — —
Issuance of common and treasury
stock under employee incentive
plans (1,336,116 shares) 103 34,892 — 12,100 (10,484)
Amortization of deferred compensation ————3,421
Foreign currency translation adjustment — — (4,091) — —
Net income — — 196,104 — —
BALANCE AT MAY 31, 1997
14,762 937,978 2,621,511 (55,482) (17,608)
Adjustment to conform
Caliber System, Inc.’s fiscal year — 492 (51,795) (1,765) —
Cash dividends declared by
Caliber System, Inc. — — (3,899) — —
Purchase of treasury stock — — — (7,049) —
Forfeiture of restricted stock — — — (979) 586
Issuance of common and treasury stock
under employee incentive plans
(1,466,895 shares) 135 54,195 — 7,918 (7,204)
Cancellation of Caliber System, Inc.
treasury stock (156) 156 (66,474) 57,357 —
Amortization of deferred compensation ————5,817
Foreign currency translation adjustment — — (30,296) — —
Net income — — 503,030 — —
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BALANCE AT MAY 31,1998
$14,741 $992,821 $2,972,077 $ — $(18,409)
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
FDX CORPORATION P37
CONSOLIDATED STATEMENTS OF CHANGES IN COMMON STOCKHOLDERS’ INVESTMENT