Southwest Airlines 2010 Annual Report Download - page 72

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SOUTHWEST AIRLINES CO.
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
YEARS ENDED DECEMBER 31, 2010, 2009, AND 2008
(In millions, except per share amounts)
Common
Stock
Capital in
excess of
par value
Retained
earnings
(as adjusted-
Note 3)
Accumulated
other
comprehensive
income (loss)
Treasury
stock Total
Balance at December 31, 2007 .......... $808 $1,207 $4,776 $ 1,241 $(1,103) $ 6,929
Purchase of shares of treasury stock ..... — — — — (54) (54)
Issuance of common and treasury stock
pursuant to Employee stock plans ..... — — (34) — 152 118
Net tax benefit (expense) 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 $4,907 $ (984) $(1,005) $ 4,941
Issuance of common and treasury stock
pursuant to Employee stock plans ..... — — (22) — 42 20
Net tax benefit (expense) of options
exercised ......................... — (13) — — — (13)
Share-based compensation ............. — 14 — — — 14
Cash dividends, $.018 per share ......... — — (13) — — (13)
Comprehensive income (loss)
Net income ......................... — — 99 — — 99
Unrealized gain on derivative
instruments ....................... — — — 366 — 366
Other .............................. — — — 40 — 40
Total comprehensive income (loss) ...... 505
Balance at December 31, 2009 .......... $808 $1,216 $4,971 $ (578) $ (963) $ 5,454
Issuance of common and treasury stock
pursuant to Employee stock plans ..... — — (18) — 72 54
Net tax benefit (expense) of options
exercised ......................... — (45) — — — (45)
Share-based compensation ............. — 12 — — — 12
Cash dividends, $.018 per share ......... — — (13) — — (13)
Comprehensive income (loss)
Net income ......................... — — 459 — — 459
Unrealized gain on derivative
instruments ....................... — — — 330 — 330
Other .............................. — — — (14) — (14)
Total comprehensive income (loss) ...... 775
Balance at December 31, 2010 .......... $808 $1,183 $5,399 $ (262) $ (891) $ 6,237
See accompanying notes.
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