Foot Locker 2002 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2002 Foot Locker annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

32
2002 2001 2000
( shares in thousands, amo unts in millio ns) Shares Amount Shares Amo unt Shares Amo unt
Common St ock and Paid-I n Capit al
Par value $. 01 per share,
500 millio n shares autho rized
Issued at beginning of year 139,981 $ 363 138,691 $ 351 137,542 $ 337
Restricted sto ck issued under sto ck o ption
and award plans 60 — 2 10 ( 2) — ( 1)
Fo rfeitures of restricted sto ck — 1— 1—3
Amo rtizatio n of sto ck issued under restricted
sto ck o ptio n plans — 2— 2—2
Issued under directo r and emplo yee sto ck plans,
net o f related tax benefit 1,139 12 1,080 11 1,149 10
Issued at end of year 141,180 378 139,981 363 138,691 351
Co mmo n sto ck in treasury at beg inning of year ( 70 ) — ( 2 00) ( 2) ( 100) ( 1 )
Reissued under emplo yee sto c k plans — —192 1 113 1
Restricted sto ck issued under sto ck o ption and
award plans 30 — 210 2 100 1
Fo rfeitures of restricted sto ck ( 60 ) ( 1) ( 270) ( 1) ( 312) ( 3 )
Exchange of o ptio ns ( 5) — ( 2) — ( 1 ) —
Co mmo n sto ck in treasury at end o f year ( 1 05) ( 1) ( 70) — ( 2 00) ( 2)
141,075 377 139,911 363 138,491 349
Ret ained Earnings
Balance at beg inning of year 797 705 945
Net inco me ( lo ss) 153 92 ( 240)
Cash dividends declared o n co mmo n sto ck ( 4) — —
Balance at end of year 946 797 705
Accumulat ed Other Comprehensive Loss
Fo reign Curre ncy Translatio n Adjustme nt
Balance at beg inning of year ( 53 ) ( 41) ( 140)
Agg regate translation adjustment 38 ( 1 2) 9 9
Balance at end of year ( 15 ) ( 53) ( 41)
Cash Flo w He dge s
Balance at beg inning of year —— —
Change during year, net o f inco me tax —— —
Balance at end of year —— —
Minimum Pensio n Liability Adjustme nt
Balance at beg inning of year (115) — ( 2)
Change during year, net o f deferred
tax expense ( benefit) ( 83 ) ( 1 15) 2
Balance at end of year (198) ( 115) —
Tot al Accumulat ed Other Comprehensive Loss ( 21 3) ( 168) ( 4 1)
Tot al Shareholders’ Equit y $1 ,1 10 $ 992 $1,013
See Acc o mpanying Notes to Co nso lidated Financial Statements.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY