Graco 2009 Annual Report Download - page 47

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45
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME (LOSS)
(Amounts in millions)
Accumulated Stockholders’
Additional Other Equity Total
Common Treasury Paid-In Retained Comprehensive Attributable Noncontrolling Stockholders’
Stock Stock Capital Earnings Loss to Parent Interests Equity
Balance at December 31, 2006 $291.0 $(411.6) $505.0 $1,662.2 $(184.6) $1,862.0 $ 5.6 $1,867.6
Net income — — — 467.1 — 467.1 3.1 470.2
Foreign currency translation — — — — 28.2 28.2 — 28.2
Unrecognized pension and other postretirement
benefits, net of $17.8 tax expense — — — — 26.3 26.3 — 26.3
Gain on derivative instruments, including $23.3
of tax benefits — — — — 6.9 6.9 — 6.9
Total comprehensive income $ 528.5 $ 3.1 $ 531.6
Cash dividends on common stock — — — (234.7) — (234.7) — (234.7)
Cash dividends for noncontrolling interests — — — — — — (3.6) (3.6)
Exercise of stock options 0.9 — 21.6 — — 22.5 — 22.5
Stock-based compensation and other 0.7 (3.5) 43.7 (0.1) — 40.8 (2.1) 38.7
Balance at December 31, 2007 $292.6 $(415.1) $570.3 $1,894.5 $(123.2) $2,219.1 $ 3.0 $2,222.1
Net (loss) income — — — (52.3) — (52.3) 2.0 (50.3)
Foreign currency translation — — — — (312.0) (312.0) — (312.0)
Unrecognized pension and other postretirement costs,
net of $87.0 of tax benefits — — — — (107.4) (107.4) — (107.4)
Gain on derivative instruments, including $22.1 of
tax benefits — — — — 39.5 39.5 — 39.5
Total comprehensive loss $ (432.2) $ 2.0 $ (430.2)
Cash dividends on common stock — — — (234.5) — (234.5) — (234.5)
Cash dividends for noncontrolling interests — — — — — — (3.0) (3.0)
Exercise of stock options 0.1 — 2.3 — — 2.4 — 2.4
Pension adjustment, net of $0.2 of tax benefits — — — (1.1) 0.7 (0.4) — (0.4)
Stock-based compensation and other 0.4 (2.9) 34.1 — — 31.6 0.6 32.2
Balance at December 31, 2008 $293.1 $(418.0) $606.7 $1,606.6 $(502.4) $1,586.0 $ 2.6 $1,588.6
Net income — — — 285.5 — 285.5 — 285.5
Foreign currency translation, including $10.2 of
tax benefits — — — — 75.9 75.9 — 75.9
Unrecognized pension and other postretirement costs,
net of $17.4 of tax benefits — — — — (109.3) (109.3) — (109.3)
Loss on derivative instruments, including $46.3 of
tax expense — — — — (49.4) (49.4) — (49.4)
Total comprehensive loss $ 202.7 $ — $ 202.7
Cash dividends on common stock — — — (71.4) — (71.4) — (71.4)
Cash dividends for noncontrolling interests — — — — — — (1.9) (1.9)
Stock-based compensation and other 0.9 (2.6) 34.7 — — 33.0 3.5 36.5
Purchase of call options, net of tax — — (43.0) — — (43.0) — (43.0)
Issuance and sale of warrants — — 32.7 — — 32.7 — 32.7
Discount on convertible notes, net of issuance costs and tax — — 41.0 — — 41.0 — 41.0
Purchase of noncontrolling interests — — (2.3) — — (2.3) (0.7) (3.0)
Balance at December 31, 2009 $294.0 $(420.6) $669.8 $1,820.7 $(585.2) $1,778.7 $ 3.5 $1,782.2
See Notes to Consolidated Financial Statements.
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