Southwest Airlines 2000 Annual Report Download - page 28

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SOUTHWEST AIRLINES CO.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
YEARS ENDED DECEMBER 31, 2000, 1999, and 1998
(In thousands except per share
amounts)
Common
Stock
Capital in
Excess of
Par Value
Retained
Earnings
Treasury
Stock Total
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 stock
pursuant to Employee stock
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 pursuant to Employee
stock 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
Purchase of shares of treasury
stock (Note 8) - - - (108,674) (108,674)
Issuance of common and treasury
stock pursuant to Employee
stock plans (Note 9) 2,892 6,667 (75,952) 136,817 70,424
Tax benefit of options exercised - 61,677 - - 61,677
Cash dividends, $.0220 per share - - (10,988) - (10,988)
Net income – 2000 - - 603,093 - 603,093
Balance at December 31, 2000 $ 507,897 $ 103,780 $2,902,007 $ (62,364) $3,451,320
See accompanying notes.
F10