National Oilwell Varco 2003 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2003 National Oilwell Varco 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 60

  • 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

31
NATIONAL-OILWELL, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(In thousands, except share data)
Accumulated
Additional Other
Common Paid-in Comprehensive Retained
Stock Capital Loss Earnings Total
Balance at December 31, 2000 805$ 583,225$ (21,858)$ 205,034$ 767,206$
Net income 104,063 104,063
Other comprehensive income
Currency translation adjustments (11,569) (11,569)
Marketable securities valuation adjustment (1,446) (1,446)
Comprehensive income 91,048
Stock options exercised 4 6,934 6,938
Tax benefit of options exercised 2,348 2,348
Balance at December 31, 2001 809$ 592,507$ (34,873)$ 309,097$ 867,54
0
$
Net income 73,069 73,069
Other comprehensive income
Currency translation adjustments 2,474 2,474
Interest rate contract 886 886
Minimum liability of defined benefit plans (12,948) (12,948)
Comprehensive income 63,481
Stock options exercised 1 2,014 2,015
Tax benefit of options exercised 328 328
Balance at December 31, 2002 810$ 594,849$ (44,461)$ 382,166$ 933,364$
Net income 76,821 76,821
Other comprehensive income
Currency translation adjustments 4,602 4,602
Interest rate contract (78) (78)
Minimum liability of defined benefit plans (4,437) (4,437)
Comprehensive income 76,908
Stock issued for acquisition 32 66,528 66,56
0
Stock options exercised 9 9,700 9,709
Tax benefit of options exercised 3,888 3,888
Balance at December 31, 200
3
851$ 674,96
5
$ (44,374)$ 458,987$ 1,090,429$
The accompanying notes are an integral part of these statements.