Southwest Airlines 1999 Annual Report Download - page 29

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SOUTHWEST AIRLINES CO. CONSOLIDATED STATEMENT OF STOCKHOLDERS’
EQUITY
YEARS ENDED DECEMBER 31, 1999, 1998, and 1997
(In thousands except per share
amounts)
Common
Stock
Capital in
Excess of
Par Value
Retained
Earnings
Treasury
Stock Total
Balance at December 31, 1996 $145,112 $181,650 $1,321,550 $
-
$1,648,312
Three-for-two stock split (Note 8) 73,578 (73,578) - - -
Issuance of common stock upon
exercise of executive stock
options and pursuant to
Employee stock option and
purchase plans (Note 9) 2,517 37,818 - - 40,335
Tax benefit of options exercised -9,806 - - 9,806
Cash dividends, $.0147 per share - - (7,207) -(7,207)
Net income – 1997 - - 317,772 - 317,772
Balance at December 31, 1997 221,207 155,696 1,632,115 -2,009,018
Three-for-two stock split
(Note 8) 111,894 (111,894) - - -
Purchase of shares of treasury
stock (Note 8)
- - - (100,000) (100,000)
Issuance of common and treasury
stock upon exercise of executive
stock options and pursuant to
Employee stock option and
purchase plans (Note 9)
2,803 24,434 (10,184) 27,219 44,272
Tax benefit of options exercised -21,584 - - 21,584
Cash dividends, $.0189 per share - - (10,387) -(10,387)
Net income – 1998 - - 433,431 - 433,431
Balance at December 31, 1998 335,904 89,820 2,044,975 (72,781) 2,397,918
Three-for-two stock split
(Note 8) 167,954 (89,878) (78,076) - -
Purchase of shares of
treasury stock (Note 8) - - -(90,507) (90,507)
Issuance of common and
treasury stock upon exercise
of executive stock options
and pursuant to Employee
stock option and purchase
plans (Note 9) 1,147 7,811 (45,134) 72,781 36,605
Tax benefit of options
exercised -27,683 - - 27,683
Cash dividends, $.0215 per
share - - (10,289) -(10,289)
Net income – 1999 - - 474,378 - 474,378
Balance at December 31, 1999 $505,005 $35,436 $2,385,854 $(90,507) $2,835,788
See accompanying notes.
F10