Foot Locker 2004 Annual Report Download - page 41

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
2004 2003 2002
Shares Amount Shares Amount Shares Amount
(shares in thousands, amounts in millions)
Common Stock and Paid-In Capital
Par value $0.01 per share,
500 million shares authorized
Issued at beginning of year ......................... 144,009 $ 411 141,180 $ 378 139,981 $ 363
Restricted stock issued under stock option
and award plans ................................. 400 — 845 — 60 —
Forfeitures of restricted stock ....................... —2—1—1
Amortization of stock issued under
restricted stock option plans ...................... —8—4—2
Conversion of convertible debt ...................... 9,490 150 — — — —
Reclassification of convertible debt issuance costs .... — (3) — — — —
Issued under director and employee stock plans,
net of tax ....................................... 2,256 40 1,984 28 1,139 12
Issued at end of year ............................... 156,155 608 144,009 411 141,180 378
Common stock in treasury at beginning of year ....... (57) (1) (105) (1) (70) —
Reissued under employee stock plans ................ 260 5 152 1 — —
Restricted stock issued under stock option
and award plans ................................. — — — — 30 —
Forfeitures/cancellations of restricted stock .......... (100) (2) (80) (1) (60) (1)
Shares of common stock used to satisfy tax
withholding obligations .......................... (137) (3) — — — —
Exchange of options ................................ (30) (1) (24) — (5) —
Common stock in treasury at end of year ............. (64) (2) (57) (1) (105) (1)
156,091 606 143,952 410 141,075 377
Retained Earnings
Balance at beginning of year ........................ 1,132 946 797
Net income ........................................ 293 207 153
Cash dividends declared on common stock
$0.26, $0.15 and $0.03 per share, respectively ..... (39) (21) (4)
Balance at end of year .............................. 1,386 1,132 946
Accumulated Other Comprehensive Loss
Foreign Currency Translation Adjustment
Balance at beginning of year ........................ 16 (15) (53)
Translation adjustment arising during the period ...... 19 31 38
Balance at end of year .............................. 35 16 (15)
Cash Flow Hedges
Balance at beginning of year ........................ (1) — —
Change during year, net of tax ...................... — (1) —
Balance at end of year .............................. (1) (1) —
Minimum Pension Liability Adjustment
Balance at beginning of year ........................ (182) (198) (115)
Change during year, net of tax ...................... (14) 16 (83)
Balance at end of year .............................. (196) (182) (198)
Total Accumulated Other Comprehensive Loss ...... (162) (167) (213)
Total Shareholders’ Equity ......................... $1,830 $1,375 $1,110
See Accompanying Notes to Consolidated Financial Statements.
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