Southwest Airlines 2006 Annual Report Download - page 53

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SOUTHWEST AIRLINES CO.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Common
Stock
Capital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock Total
Years Ended December 31, 2006, 2005, and 2004
(In millions, except per share amounts)
Balance at December 31, 2003 .......... $789 $ 612 $3,506 $ 122 $ — $5,029
Purchase of shares of treasury stock ..... — — — — (246) (246)
Issuance of common and treasury stock
pursuant to Employee stock plans .... 1 7 (93) — 175 90
Tax benefit of options exercised ....... — 23 — — — 23
Share-based compensation............ — 135 — — — 135
Cash dividends, $.018 per share ....... — — (14) — — (14)
Comprehensive income (loss)
Net income .................... — — 215 — — 215
Unrealized gain on derivative
instruments .................. — — — 293 — 293
Other ........................ — — — 2 — 2
Total comprehensive income ...... 510
Balance at December 31, 2004 .......... $790 $ 777 $3,614 $ 417 $ (71) $5,527
Purchase of shares of treasury stock ..... — — — — (55) (55)
Issuance of common and treasury stock
pursuant to Employee stock plans .... 12 59 (66) — 126 131
Tax benefit of options exercised ....... — 47 — — — 47
Share-based compensation............ — 80 — — — 80
Cash dividends, $.018 per share ....... — — (14) — — (14)
Comprehensive income (loss)
Net income .................... — — 484 — — 484
Unrealized gain on derivative
instruments .................. — — — 474 — 474
Other ........................ — — — 1 — 1
Total comprehensive income ...... 959
Balance at December 31, 2005 .......... $802 $ 963 $4,018 $ 892 $ — $6,675
Purchase of shares of treasury stock .... — — — — (800) (800)
Issuance of common and treasury stock
pursuant to Employee stock plans.... 6 39 (196) — 410 259
Tax benefit of options exercised ...... —60—— —60
Share-based compensation ........... —80—— —80
Cash dividends, $.018 per share ....... — — (14) — — (14)
Comprehensive income (loss)
Net income .................... — — 499 — — 499
Unrealized loss on derivative
instruments .................. — — — (306) — (306)
Other ........................ — — — (4) — (4)
Total comprehensive income ..... 189
Balance at December 31, 2006 ......... $808 $1,142 $4,307 $ 582 $(390) $6,449
See accompanying notes.
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