Raytheon 2003 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2003 Raytheon 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 68

  • 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

RAYTHEON COMPANY 333
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
33333333333
Years Ended Additional Accumulated Total
December 31, 2003, 2002, and 2001 Common Paid-in Other Compre- Treasury Retained Stockholders’
(In millions except per share amounts) Stock Capital hensive Income Stock Earnings Equity
Balance at December 31, 2000 $ 3 $ 6,477 $ (106) $(382) $4,914 $10,906
Net loss (755) (755)
Other comprehensive income
Minimum pension liability (100) (100)
Foreign exchange translation (4) (4)
Unrealized losses on interest-only strips (2) (2)
Comprehensive income (861)
Dividends declared—$0.80 per share (292) (292)
Issuance of common stock 1 1,369 1,370
Common stock plan activity 36 36
Trust preferred security distributions (6) (6)
Treasury stock activity (153) 381 228
Balance at December 31, 2001 4 7,723 (212) (1) 3,867 11,381
Net loss (640) (640)
Other comprehensive income
Minimum pension liability (2,002) (2,002)
Interest rate lock (2) (2)
Foreign exchange translation 31 31
Cash flow hedges 5 5
Comprehensive income (2,608)
Dividends declared—$0.80 per share (323) (323)
Issuance of common stock 328 328
Common stock plan activity 106 106
Trust preferred security distributions (11) (11)
Treasury stock activity (3) (3)
Balance at December 31, 2002 4 8,146 (2,180) (4) 2,904 8,870
Net income 365 365
Other comprehensive income
Minimum pension liability (118) (118)
Foreign exchange translation 82 82
Cash flow hedges 19 19
Unrealized gains on residual interest securities 22
Interest rate lock 11
Comprehensive income 351
Dividends declared—$0.80 per share (332) (332)
Issuance of common stock 264 264
Common stock plan activity 22 22
Trust preferred security distributions (11) (11)
Treasury stock activity (2) (2)
Balance at December 31, 2003 $ 4 $8,421 $(2,194) $ (6) $ 2,937 $ 9,162
The accompanying notes are an integral part of the financial statements.