Raytheon 2006 Annual Report Download - page 86

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RAYTHEON COMPANY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Years Ended
December 31, 2006, 2005 and 2004
(In millions except per share amounts)
Common
Stock
Additional
Paid-in
Capital
Unearned
Compensation
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock
Retained
Earnings
Total
Stockholders’
Equity
Balance at December 31, 2003 $4 $ 8,434 $(13) $(2,194) $ (6) $2,937 $ 9,162
Net income 417 417
Other comprehensive income
Minimum pension liability 215 215
Foreign exchange translation 46 46
Cash flow hedges 15 15
Unrealized losses on residual
interest securities (1) (1)
Comprehensive income 692
Dividends declared—$0.80 per share (356) (356)
Issuance of common stock 1 939 940
Common stock plan activity 171 (47) 124
Trust preferred security distributions (4) (4)
Treasury stock activity (7) (7)
Balance at December 31, 2004 5 9,540 (60) (1,919) (13) 2,998 10,551
Net income 871 871
Other comprehensive income
Minimum pension liability 47 47
Foreign exchange translation (47) (47)
Cash flow hedges (35) (35)
Unrealized gains on residual
interest securities 4 4
Comprehensive income 840
Dividends declared—$0.88 per share (394) (394)
Common stock plan activity 182 (29) 153
Treasury stock activity (441) (441)
Balance at December 31, 2005 5 9,722 (89) (1,950) (454) 3,475 10,709
Net income 1,283 1,283
Other comprehensive income
Minimum pension liability 709 709
Foreign exchange translation 44 44
Cash flow hedges 20 20
Unrealized gains on
investments 1 1
Comprehensive income 2,057
Adjustment to initially apply SFAS
No. 158 (1,338) (1,338)
Dividends declared—$0.96 per share (429) (429)
Reclassification to initially adopt
SFAS No. 123R (89) 89 —
Common stock plan activity 464 464
Treasury stock activity (362) (362)
Balance at December 31, 2006 $5 $10,097 $ — $(2,514) $(816) $4,329 $11,101
The accompanying notes are an integral part of the financial statements.
58