Federal Express 2001 Annual Report Download - page 22

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20
Accumulated
Additional Other Com- Deferred
Common Paid-in Retained prehensive Treasury Compen-
In thousands, except shares Stock Capital Earnings Income Stock sation Total
BALANCE AT MAY 31, 1998 $14,741 $ 992,821 $2,999,354 $(27,277) $ – $(18,409) $3,961,230
Net income – – 631,333 – – – 631,333
Foreign currency translation adjustment,
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)
Tw o-for-one stock split by FedEx
Corporation in the form of a 100%
stock dividend (148,931,996 shares) 14,890 – (14,890) ––––
Employee incentive plans and other
(1,770,626 shares issued) 168 68,491 – – 6,887 (7,766) 67,780
Amortization of deferred
compensation –––––8,928 8,928
BALANCE AT MAY 31, 1999 29,799 1,061,312 3,615,797 (24,688) (1,281) (17,247) 4,663,692
Net income – – 688,336 – – – 688,336
Foreign currency translation adjustment,
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
Shares issued for acquisition
(175,644 shares) – – 191 – 6,626 – 6,817
Purchase of treasury stock ––––(606,506) – (606,506)
Employee incentive plans and other
(1,539,941 shares issued) 58 18,150 (9,283) – 37,067 (13,880) 32,112
Amortization of deferred compensation –––––12,178 12,178
BALANCE AT MAY 31, 2000 29,857 1,079,462 4,295,041 (36,074) (564,094) (18,949) 4,785,243
Net income – – 584,371 – – – 584,371
Foreign currency translation adjustment,
net of deferred tax benefit of $6,849 – – – (18,944) – – (18,944)
Unrealized loss on available-for-sale
securities, net of deferred
tax benefit of $574 – – – (815) – – (815)
Total comprehensive income 564,612
Shares issued for acquisition
(11,042,965 shares) – 41,675 27,131 – 437,584 – 506,390
Employee incentive plans and other
(1,841,543 shares issued) – (510) (26,896) – 73,020 (12,865) 32,749
Amortization of deferred compensation –––––11,426 11,426
BALANCE AT MAY 31, 2001 $29,857 $1,120,627 $4,879,647 $(55,833) $ (53,490) $(20,388) $5,900,420
The accompanying notes are an integral part of these consolidated financial statements.
CONSOLIDATED STATEMENTS OF CHANGES IN
STOCKHOLDERS’ INVESTMENT AND
COMPREHENSIVE INCOME