Foot Locker 2010 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2010 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 104

  • 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
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
2010 2009 2008
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........... 161,267 $ 709 159,599 $ 691 158,997 $ 676
Restricted stock issued under stock option
and award plans ................ 205 — 1,004 — 245 —
Forfeitures of restricted stock ......... — 1 — — — 2
Share-based compensation expense...... 13 12 9
Issued under director and employee stock
plans, net of tax ................ 1,187 12 664 6 357 4
Issued at end of year .............. 162,659 735 161,267 709 159,599 691
Common stock in treasury at beginning of
year ....................... (4,726) (103) (4,681) (102) (4,523) (99)
Reissued under employee stock purchase
plan ....................... 278 6 — — — —
Forfeitures/cancellations of restricted stock. (50) — (10) — (90) (2)
Shares of common stock used to satisfy tax
withholding obligations ........... (292) (4) (32) (1) (65) (1)
Stock repurchases ................ (3,215) (50) — — — —
Exchange of options ............... (34) (1) (3) — (3) —
Common stock in treasury at end of year . . . (8,039) (152) (4,726) (103) (4,681) (102)
154,620 583 156,541 606 154,918 589
Retained Earnings
Balance at beginning of year .......... 1,535 1,581 1,754
Net income (loss) ................ 169 48 (80)
Cash dividends declared on common stock
$0.60 per share in each period presented . (93) (94) (93)
Balance at end of year .............. 1,611 1,535 1,581
Accumulated Other Comprehensive Loss
Foreign Currency Translation Adjustment
Balance at beginning of year .......... 75 10 93
Translation adjustment arising during the
year, net of tax................. 11 65 (83)
Balance at end of year .............. 86 75 10
Cash Flow Hedges
Balance at beginning of year .......... — 2 1
Change during the year, net of tax....... 1 (2) 1
Balance at end of year .............. 1 — 2
Pension and Postretirement Adjustments
Balance at beginning of year .......... (266) (253) (162)
Change during the year, net of tax....... 12 (13) (91)
Balance at end of year .............. (254) (266) (253)
Available-for-Sale Securities
Balance at beginning of year .......... (2) (5) (2)
Change during the year, without tax...... — 3 (3)
Balance at end of year .............. (2) (2) (5)
Total Accumulated Other Comprehensive
Loss ....................... (169) (193) (246)
Total Shareholders’ Equity........... $2,025 $1,948 $1,924
See Accompanying Notes to Consolidated Financial Statements.
35