Southwest Airlines 2008 Annual Report Download - page 65

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SOUTHWEST AIRLINES CO.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
Years Ended December 31, 2008, 2007, and 2006
Common
Stock
Capital in
excess of
par value
Retained
earnings
Accumulated
other
comprehensive
income (loss)
Treasury
stock Total
(In millions, except per share amounts)
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
Purchase of shares of treasury stock ........ — — — — (54) (54)
Issuance of common and treasury stock
pursuant to Employee stock plans ........ — — (34) — 152 118
Tax benefit of options exercised ............ — (10) — — — (10)
Share-based compensation ................ — 18 — — — 18
Cash dividends, $.018 per share ............ — — (13) — — (13)
Comprehensive income (loss)
Net income ........................... — — 178 — — 178
Unrealized (loss) on derivative
instruments ......................... — — — (2,166) — (2,166)
Other ................................ — — — (59) — (59)
Total comprehensive income (loss) ..... (2,047)
Balance at December 31, 2008 ............... $808 $1,215 $4,919 $ (984) $(1,005) $ 4,953
See accompanying notes.
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