Federal Express 2000 Annual Report Download - page 21

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FedEx
Corp.
19
Accum ulated
Additional Other Com - Deferred
Com m on Paid-in Retained preh en sive Treasury Com pen-
In thousands, except shares Stock Capital Earnings Incom e Stock sation Total
BALAN CE AT MAY 31, 1997 $14,762 $ 937,978 $2,618,492 $ 3,019 $ (55,482) $(17,608) $3,501,161
N et incom e ––503,030 –– –503,030
Foreign currency translation
adjustm ent, net of deferred
tax benefit of $2,793 –––(30,296) ––(30,296)
Total comprehensive income 472,734
Adjustm ent to conform Caliber
System , Inc.’s fiscal year –492 (51,795) –(1,765) –(53,068)
Cash dividends declared by
Caliber System , Inc. ––(3,899) –– –(3,899)
Purchase of treasury stock ––– –(7,049) –(7,049)
Forfeiture of restricted stock ––– –(979) 586 (393)
Issuance of stock under
employee incentive
plans (1,466,895 shares) 135 54,195 ––7,918 (7,204) 55,044
Cancellation of Caliber
System , Inc. treasury stock (156) 156 (66,474) –57,357 –(9,117)
Amortization of deferred
com pensation ––– ––5,817 5,817
BALAN CE AT MAY 31, 1998 14,741 992,821 2,999,354 (27,277) –(18,409) 3,961,230
N et incom e ––631,333 –– –631,333
Foreign currency translation
adjustm ent, net of deferred
tax benefit of $959 –––(611) ––(611)
Unrealized gain on available-for-
sale securities, net of deferred
taxes of $2,100 –––3,200 ––3,200
Total comprehensive income 633,922
Purchase of treasury stock ––– –(8,168) –(8,168)
Forfeiture of restricted stock ––– –(1,196) 507 (689)
Two-for-one stock split by FedEx
Corporation in the form of a
100% stock dividend
(148,931,996 shares) 14,890 –(14,890) –– – –
Issuance of stock under
employee incentive plans
(1,770,626 shares) 168 68,491 ––8,083 (8,273) 68,469
Amortization of deferred
com pensation ––– ––8,928 8,928
BALAN CE AT MAY 31, 1999 29,799 1,061,312 3,615,797 (24,688) (1,281) (17,247) 4,663,692
N et incom e ––688,336 –– –688,336
Foreign currency translation
adjustm ent, net of deferred
tax benefit of $1,881 –––(9,021) ––(9,021)
Unrealized loss on available-for-
sale securities, net of deferred
tax benefit of $1,513 –––(2,365) ––(2,365)
Total comprehensive income 676,950
Purchase of treasury stock ––– –(606,506) –(606,506)
Forfeiture of restricted stock ––– –(790) 845 55
Issuance of stock under em ployee
incentive plans and other
(1,715,585 shares) 58 18,150 (9,092) –44,483 (14,725) 38,874
Amortization of deferred
com pensation ––– ––12,178 12,178
BALAN CE AT MAY 31, 2000 $29,857 $1,079,462 $4,295,041 $(36,074)$(564,094) $(18,949) $4,785,243
The accompanying notes are an integral part of these consolidated financial statem ents.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ INVESTMENT AND COMPREHENSIVE INCOME