Graco 2011 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2011 Graco 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 87

  • 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

NEWELL RUBBERMAID 2011 Annual Report 47
2011 Financial Statements and Related Information
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND
COMPREHENSIVE INCOME
(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, 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 income $ 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
Net income — — — 292.8 — 292.8 — 292.8
Foreign currency translation — — — — (13.1) (13.1) — (13.1)
Unrecognized pension and other
postretirement costs, net of
$30.3 of tax benefits — — — — (7.0) (7.0) — (7.0)
Gain on derivative instruments,
net of $0 tax — — — — 0.3 0.3 — 0.3
Total comprehensive income $ 273.0 — $ 273.0
Cash dividends on common stock — — — (55.4) — (55.4) — (55.4)
Stock-based compensation and other 1.3 (5.1) 35.7 (0.8) — 31.1 — 31.1
Settlement of call options — — 369.5 — — 369.5 — 369.5
Settlement of warrants — — (298.4) — — (298.4) — (298.4)
Common stock issued for
convertible notes exchange 37.7 — 600.3 — — 638.0 — 638.0
Retirement of common stock
purchased under the ASB (25.8) — (474.3) — — (500.1) — (500.1)
Extinguishment of equity component
of convertible notes — — (334.4) — — (334.4) — (334.4)
Balance at December 31, 2010 $307.2 $(425.7) $ 568.2 $2,057.3 $(605.0) $1,902.0 $ 3.5 $1,905.5
Net income — — — 125.2 — 125.2 — 125.2
Foreign currency translation — — — — (27.7) (27.7) — (27.7)
Unrecognized pension and other
postretirement costs, net of
$36.5 of tax benefits — — — — (75.9) (75.9) — (75.9)
Gain on derivative instruments,
net of $1.0 of tax expense — — — — 1.6 1.6 — 1.6
Total comprehensive income $ 23.2 — $ 23.2
Cash dividends on common stock — — — (84.9) — (84.9) — (84.9)
Stock-based compensation and other 1.2 (7.1) 42.2 (0.3) — 36.0 — 36.0
Common stock issued for
convertible notes exchange 2.3 — 42.4 — — 44.7 — 44.7
Retirement of common stock
purchased under the ASB (2.0) — 2.0 — — — — —
Retirement of common stock
purchased under the 2011 SRP (3.4) — (42.7) — — (46.1) — (46.1)
Extinguishment of equity component
of convertible notes — — (25.8) — — (25.8) — (25.8)
Balance at December 31, 2011 $305.3 $(432.8) $ 586.3 $2,097.3 $(707.0) $1,849.1 $ 3.5 $1,852.6
See Notes to Consolidated Financial Statements.