Seagate 2007 Annual Report Download - page 75
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Table of Contents
SEAGATE TECHNOLOGY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS
’
EQUITY
For Fiscal Years Ended June 27, 2008, June 29, 2007 and June 30, 2006
(In millions)
See notes to consolidated financial statements.
74
Number
of
Common
Shares
Par
Value
of
Shares
Additional
Paid-in
Capital
Deferred
Stock
Compensation
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
Balance at July 1, 2005
477
$
—
$
632
$
(3
)
$
(9
)
$
1,921
$
2,541
Comprehensive income, net of tax:
Change in unrealized gain (loss) on marketable securities, net
(2
)
(2
)
Change in unrealized gain (loss) on cash flow hedges, net
4
4
Net income
840
840
Comprehensive income
842
Issuance of common shares related to employee stock options and
employee stock purchase plan
18
118
118
Issuance of common shares, assumption of options and nonvested
shares in connection with the acquisition of Maxtor
98
1,956
1,956
Substantial premium on convertible debt assumed
175
175
Dividends to shareholders
(155
)
(155
)
Tax benefit from stock options
44
44
Repurchases of common shares
(17
)
(399
)
(399
)
Stock
-
based compensation
88
2
90
Balance at June 30, 2006
576
—
2,858
(1
)
(7
)
2,362
5,212
Comprehensive income, net of tax:
Change in unrealized gain (loss) on marketable securities, net
7
7
Change in unrealized gain (loss) on cash flow hedges, net
(4
)
(4
)
Net income
913
913
Comprehensive income
916
Issuance of common shares related to employee stock options and
employee stock purchase plan
21
219
219
Dividends to shareholders
(212
)
(212
)
Repurchases of common shares
(24
)
(576
)
(576
)
Payments made under prepaid forward agreements
(950
)
(950
)
Shares received under prepaid forward agreements
(38
)
Stock
-
based compensation
127
1
128
Balance at June 29, 2007
535
—
3,204
—
(
4
)
1,537
4,737
Cumulative effect adjustment to adopt recognition and
measurement provisions of FASB Interpretation No. 48 (See
Note 4)
(3
)
(3
)
Comprehensive income, net of tax:
Change in unrealized gain (loss) on cash flow hedges, net
(9
)
(9
)
Change in unrealized gain (loss) on auction rate securities, net
(3
)
(3
)
Net income
1,262
1,262
Comprehensive income
1,250
Issuance of common shares related to employee stock options and
employee stock purchase plan
15
178
178
Dividends to shareholders
(216
)
(216
)
Tax benefit from stock options
6
6
Repurchases of common shares
(65
)
(1,479
)
(1,479
)
Stock
-
based compensation
113
113
Balance at June 27, 2008
485
$
—
$
3,501
$
—
$
(
16
)
$
1,101
$
4,586