Southwest Airlines 1996 Annual Report Download - page 33

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33
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
(in thousands except per share amounts)
Years ended December 31, 1996, 1995, and
1994
Common
stock
Capital in
excess of par
value
Retained
earnings Total
Balance at December 31, 1993.......................... $142,756 $141,168 $770,095 $1,054,019
Issuance of common stock upon exercise of
executive stock ..... options and pursuant to
Employee stock option and purchase
plans (Note 7) ............................................
500 8,243 -8,743
Tax benefit of options exercised................. -2,335 -2,335
Cash dividends, $.04 per share .................. - - (5,722) (5,722)
Net income - 1994 ..................................... - - 179,331 179,331
Balance at December 31, 1994.......................... 143,256 151,746 943,704 1,238,706
Issuance of common stock upon exercise of
executive stock ..... options and pursuant to
Employee stock option and purchase
plans (Note 7) ............................................
777 9,907 -10,684
Tax benefit of options exercised................. -1,051 -1,051
Cash dividends, $.04 per share .................. - - (5,749) (5,749)
Net income - 1995 ..................................... - - 182,626 182,626
Balance at December 31, 1995.......................... $144,033 $162,704 $1,120,581 $1,427,318
Issuance of common stock upon exercise of
executive stock ..... options and pursuant to
Employee stock option and purchase
plans (Note 7) ............................................
1,079 14,513 -15,592
Tax benefit of options exercised................. -4,433 -4,433
Cash dividends, $.044 per share................. - - (6,368) (6,368)
Net income - 1996 ..................................... - - 207,337 207,337
Balance at December 31, 1996.......................... $145,112 $181,650 $1,321,550 $1,648,312
See accompanying notes.