Seagate 2008 Annual Report Download - page 77
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Table of Contents
SEAGATE TECHNOLOGY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
For Fiscal Years Ended July 3, 2009, June 27, 2008 and June 29, 2007
(In millions)
See notes to consolidated financial statements.
75
Number
of
Common
Shares
Par
Value
of
Shares
Additional
Paid-in
Capital
Deferred
Stock
Compensation
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings/
(Accumulated
Deficit)
Total
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
Comprehensive income (loss), net of tax:
Change in unrealized gain (loss) on cash flow hedges, net
12
12
Change in unrealized gain (loss) on auction rate securities, net
1
1
Change in unrealized gain (loss) on post
-
retirement plan costs
(3
)
(3
)
Net income (loss)
(3,086
)
(3,086
)
Comprehensive income (loss)
(3,076
)
Issuance of common shares related to employee stock options and employee stock purchase plan
8
54
54
Fair value of beneficial conversion feature for convertible debt
12
12
Dividends to shareholders
(132
)
(132
)
Stock
-
based compensation
83
83
Other, net
(3
)
(3
)
Balance at July 3, 2009
493
$
—
$
3,647
$
—
$
(
6
)
$
(2,117
)
$
1,524