US Bank 2004 Annual Report Download - page 68
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Please find page 68 of the 2004 US Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.U.S. BANCORP
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
Common Other Total
(Dollars in Millions) Shares Common Capital Retained Treasury Comprehensive Shareholders’
(Unaudited) Outstanding Stock Surplus Earnings Stock Income Equity
Balance December 31, 2001************** 1,951,709,512 $20 $5,683 $11,425 $ (478) $ 95 $16,745
Net income ********************************** 3,168 3,168
Unrealized gain on securities available-for-sale******* 1,048 1,048
Unrealized gain on derivatives ****************** 324 324
Foreign currency translation adjustment ********** 77
Realized gain on derivatives ******************** 64 64
Reclassification adjustment for gains realized in net
income *********************************** (332) (332)
Income taxes********************************* (422) (422)
Total comprehensive income ************* 3,857
Cash dividends declared on common stock ****** (1,488) (1,488)
Issuance of common and treasury stock ********* 10,589,034 (75) 249 174
Purchase of treasury stock ********************* (45,256,736) (1,040) (1,040)
Stock option and restricted stock grants ********* 188 188
Shares reserved to meet deferred compensation
obligations ******************************** (85,250) 3 (3) —
Balance December 31, 2002************** 1,916,956,560 $20 $5,799 $13,105 $(1,272) $ 784 $18,436
Net income ********************************** 3,733 3,733
Unrealized loss on securities available-for-sale **** (716) (716)
Unrealized loss on derivatives******************* (373) (373)
Foreign currency translation adjustment ********** 23 23
Realized gain on derivatives ******************** 199 199
Reclassification adjustment for gains realized in net
income *********************************** (288) (288)
Income taxes********************************* 439 439
Total comprehensive income ************* 3,017
Cash dividends declared on common stock ****** (1,645) (1,645)
Special dividends declared on common stock **** (685) (685)
Issuance of common and treasury stock ********* 21,709,297 (51) 502 451
Purchase of treasury stock ********************* (14,971,000) (417) (417)
Stock option and restricted stock grants ********* 111 111
Shares reserved to meet deferred compensation
obligations ******************************** (774,706) (8) (18) (26)
Balance December 31, 2003************** 1,922,920,151 $20 $5,851 $14,508 $(1,205) $ 68 $19,242
Net income ********************************** 4,167 4,167
Unrealized loss on securities available-for-sale **** (123) (123)
Unrealized loss on derivatives******************* (43) (43)
Foreign currency translation adjustment ********** (17) (17)
Realized gain on derivatives ******************** 16 16
Reclassification adjustment for losses realized in
net income ******************************* 32 32
Income taxes********************************* 51 51
Total comprehensive income ************* 4,083
Cash dividends declared on common stock ****** (1,917) (1,917)
Issuance of common and treasury stock ********* 29,758,496 (96) 772 676
Purchase of treasury stock ********************* (93,773,487) (2,656) (2,656)
Stock option and restricted stock grants ********* 116 116
Shares reserved to meet deferred compensation
obligations ******************************** (1,282,217) 31 (36) (5)
Balance December 31, 2004************** 1,857,622,943 $20 $5,902 $16,758 $(3,125) $ (16) $19,539
See Notes to Consolidated Financial Statements.
66 U.S. BANCORP