Health Net 2003 Annual Report Download - page 78

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HEALTH NET, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Amounts in thousands)
Common Stock
Additional
Paid-In
Capital
Restricted
Common
Stock
Unearned
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income Total
Class A Class B
Common Stock
Held in Treasury
Shares Amount Shares Amount Shares Amount
Balance at January 1, 2001 ............................................... 125,994 $126 — — $649,166 (3,194) $ (95,831) $ 511,224 $ (3,554) 1,061,131
Comprehensive income:
Netincome ......................................................... 80,942 80,942
Change in unrealized depreciation on investments, net of tax of $2,865 .......... 4,277 4,277
Totalcomprehensiveincome ............................................. 85,219
Exercise of stock options including related tax benefit ......................... 820 1 12,495 12,496
Employeestockpurchaseplan ............................................ 65 1,079 1,079
Balance as of December 31, 2001 .......................................... 126,879 127 662,740 (3,194) (95,831) 592,166 723 1,159,925
Comprehensive income:
Netincome ....................................................... 225,580 225,580
Change in unrealized appreciation on investments, net of tax of $5,741 ........ 10,362 10,362
Totalcomprehensiveincome ............................................. 235,942
Exercise of stock options including related tax benefit ......................... 3,504 4 66,904 66,908
Repurchases of common stock ............................................ (6,670) (163,682) (163,682)
Issuance of restricted stock ............................................... 80 $1,913 $(1,913) —
Amortization of restricted stock grants ...................................... 472 472
Employeestockpurchaseplan ............................................ 43 851 851
Balance as of December 31, 2002 .......................................... 130,506 131 — — 730,495 1,913 (1,441) (9,864) (259,513) 817,746 11,085 1,300,416
Comprehensive income:
Netincome ......................................................... 234,030 234,030
Minimum pension liability adjustment .................................... (469) (469)
Change in unrealized appreciation on investments, net of tax benefit of $6,852 .... (10,347) (10,347)
Totalcomprehensiveincome ............................................. 223,214
Exercise of stock options including related tax benefit ......................... 2,687 2 57,130 57,132
Repurchases of common stock ............................................ (10,130) (289,589) (289,589)
Issuance of restricted stock ............................................... 190 4,661 (4,661) —
Amortization of restricted stock grants ...................................... 2,107 2,107
Lapse of restrictions of restricted stock grants ................................ 689 (689) —
Employeestockpurchaseplan ............................................ 38 945 945
Balance as of December 31, 2003 .......................................... 133,421 $133 — $— $789,259 $5,885 $(3,995) (19,994) $(549,102) $1,051,776 $ 269 $1,294,225
See accompanying notes to consolidated financial statements.
F-5