Health Net 1999 Annual Report Download - page 31

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Consolidated Statements of Stockholders’ Equity (continued)
Fo undation Health Systems, Inc.
FOUNDATION HEALTH SYSTEMS, IN C. 29
Accumulated
Common Stock Other
Held in Treasury R etained Comprehensive
(Amounts in thousands) Shares Amount Earnings Income (Loss) Total
Balance at January 1, 1997 (3,324) $(98,878) $557,478 $3,201 $1,183,411
Comprehensive loss:
Net loss (187,084) (187,084)
Change in unrealized depreciation on
investments, net (10,525) (10,525)
Total comprehensive loss – – (187,084) (10,525) (197,609)
R edemption of common stock (111,334)
R etirement of treasury stock, net 130 3,047 –
Exercise of stock options including
related tax benefit 19,310
Conversion of Class B to Class A –
Employee stock purchase plan 2,196
Balance at December 31, 1997 (3,194) (95,831) 370,394 (7,324) 895,974
Comprehensive income (loss):
Net loss (165,158) (165,158)
Change in unrealized depreciation on
investments, net 16 16
Total comprehensive income (loss) – – (165,158) 16 (165,142)
Exercise of stock options including
related tax benefit 9,585
Conversion of Class B to Class A –
Employee stock purchase plan 3,625
Balance at December 31, 1998 (3,194) (95,831) 205,236 (7,308) 744,042
Comprehensive income (loss):
Net income 142,365 142,365
Change in unrealized depreciation on
investments, net 3,239 3,239
Total comprehensive income – – 142,365 3,239 145,604
Exercise of stock options including
related tax benefit –
Conversion of Class B to Class A –
Employee stock purchase plan 1,553
Balance at December 31, 1999 (3,194) $(95,831) $347,601 $(4,069) $891,199
See accompanying notes to consolidated financial statements.