Lockheed Martin 2002 Annual Report Download - page 47

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FIFTY-FOUR
Lockheed Martin Corporation
CONSOLIDATED STATEMENT OF STOCKHOLDERS’EQUITY
Accumulated
Additional Unearned Other Total Comprehensive
Common Paid-In Retained ESOP Comprehensive Stockholders’ Income
(In millions, except per share data)
Stock Capital Earnings Shares Loss Equity (Loss)
Balance at December 31, 1999 $398 $ 222 $ 5,901 $(150) $ (10) $ 6,361
Net loss — — (519) — — (519) $ (519)
Common stock dividends declared
($0.44 per share) — — (183) — — (183) —
Stock awards and options, and ESOP activity 6 177 — 35 — 218 —
Stock issued in COMSAT merger 27 1,319 — — — 1,346 —
COMSAT stock options assumed — 71 — — — 71 —
Other comprehensive loss:
Net unrealized loss from
available-for-sale investments — — — — (129) (129) (129)
Other — — — — (5) (5) (5)
Balance at December 31, 2000 431 1,789 5,199 (115) (144) 7,160 $ (653)
Net loss — — (1,046) — — (1,046) $(1,046)
Common stock dividends declared
($0.44 per share) — — (192) — — (192) —
Stock awards and options, and ESOP activity 10 353 — 31 — 394 —
Other comprehensive income (loss):
Reclassification adjustment related
to available-for-sale investments — — — — 151 151 151
Minimum pension liability — — — — (33) (33) (33)
Net unrealized gain from
available-for-sale investments — — — — 23 23 23
Net foreign currency translation adjustments — — — — (20) (20) (20)
Net unrealized gain from hedging activities — — — — 6 6 6
Balance at December 31, 2001 441 2,142 3,961 (84) (17) 6,443 $ (919)
Net earnings ——500 — — 500 $ 500
Common stock dividends declared
($0.44 per share) ——(199) — — (199) —
Stock awards and options,
and ESOP activity 15 703 — 34 — 752 —
Repurchases of common stock (1) (49) — — — (50) —
Other comprehensive income (loss):
Minimum pension liability ————(1,537) (1,537) (1,537)
Reclassification adjustments related to
available-for-sale investments ———— 53 53 53
Net foreign currency translation adjustments ———— (7) (7) (7)
Net unrealized gain from hedging activities ———— 10 10 10
Net unrealized loss from
available-for-sale investments ———— (100) (100) (100)
Balance at December 31, 2002 $455 $2,796 $ 4,262 $ (50) $(1,598) $ 5,865 $(1,081)
See accompanying Notes to Consolidated Financial Statements.