Southwest Airlines 2007 Annual Report Download - page 57

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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, 2007, 2006, and 2005
(In millions, except per share amounts)
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
Purchase of shares of treasury stock .. — — — — (1,001) (1,001)
Issuance of common and treasury
stock pursuant to Employee stock
plans ....................... — — (150) — 288 138
Tax benefit of options exercised ..... —28— — —28
Share-based compensation ......... —37— — —37
Cash dividends, $.018 per share ..... — — (14) — — (14)
Comprehensive income (loss)
Net income .................. — — 645 — — 645
Unrealized gain on derivative
instruments ................ — — — 636 — 636
Other ...................... ——— 23 —23
Total comprehensive income.... 1,304
Balance at December 31, 2007........ $808 $1,207 $4,788 $1,241 $(1,103) $ 6,941
See accompanying notes.
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