Foot Locker 2005 Annual Report Download - page 43
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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
2005 2004 2003
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.......................... 156,155 $ 608 144,009 $ 411 141,180 $ 378
Restricted stock issued under stock option
and award plans .................................. 225 — 400 — 845 —
Forfeitures of restricted stock ........................ —2—2—1
Amortization of stock issued under
restricted stock option plans ...................... —6—8—4
Conversion of convertible debt ....................... — — 9,490 150 — —
Reclassification of convertible debt issuance costs ..... — — — (3) — —
Issued under director and employee stock plans,
net of tax........................................ 900 19 2,256 40 1,984 28
Issued at end of year................................ 157,280 635 156,155 608 144,009 411
Common stock in treasury at beginning of year ........ (64) (2) (57) (1) (105) (1)
Reissued under employee stock plans ................. 90 2 260 5 152 1
Restricted stock issued under stock option
and award plans .................................. — — — — — —
Forfeitures/cancellations of restricted stock ........... (135) (2) (100) (2) (80) (1)
Shares of common stock used to satisfy tax
withholding obligations ........................... (49) (1) (137) (3) — —
Stock repurchases................................... (1,590) (35) — — — —
Exchange of options ................................ (28) — (30) (1) (24) —
Common stock in treasury at end of year .............. (1,776) (38) (64) (2) (57) (1)
155,504 597 156,091 606 143,952 410
Retained Earnings
Balance at beginning of year ........................ 1,386 1,132 946
Net income......................................... 264 293 207
Cash dividends declared on common stock
$0.32, $0.26 and $0.15 per share, respectively ...... (49) (39) (21)
Balance at end of year .............................. 1,601 1,386 1,132
Accumulated Other Comprehensive Loss
Foreign Currency Translation Adjustment ...............
Balance at beginning of year ........................ 35 16 (15)
Translation adjustment arising during the period ...... (25) 19 31
Balance at end of year .............................. 10 35 16
Cash Flow Hedges
Balance at beginning of year ........................ (1) (1) —
Change during year, net of tax ....................... 1 — (1)
Balance at end of year .............................. — (1) (1)
Minimum Pension Liability Adjustment
Balance at beginning of year ........................ (196) (182) (198)
Change during year, net of tax ....................... 15 (14) 16
Balance at end of year .............................. (181) (196) (182)
Total Accumulated Other Comprehensive Loss ...... (171) (162) (167)
Total Shareholders’ Equity ......................... $2,027 $1,830 $1,375
See Accompanying Notes to Consolidated Financial Statements.
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