US Bank 2005 Annual Report Download - page 66

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U.S. BANCORP
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
Common Other Total
Shares Common Capital Retained Treasury Comprehensive Shareholders’
(Dollars and Shares in Millions) Outstanding Stock Surplus Earnings Stock Income Equity
Balance December 31, 2002 ***************** 1,917 $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************* 22 (51) 502 451
Purchase of treasury stock************************* (15) (417) (417)
Stock option and restricted stock grants************* 111 111
Shares reserved to meet deferred compensation
obligations************************************ (1) (8) (18) (26)
Balance December 31, 2003 ***************** 1,923 $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************* 30 (96) 772 676
Purchase of treasury stock************************* (94) (2,656) (2,656)
Stock option and restricted stock grants************* 116 116
Shares reserved to meet deferred compensation
obligations************************************ (1) 31 (36) (5)
Balance December 31, 2004 ***************** 1,858 $20 $5,902 $16,758 $(3,125) $ (16) $19,539
Net income ************************************** 4,489 4,489
Unrealized loss on securities available for sale ******** (539) (539)
Unrealized loss on derivatives ********************** (58) (58)
Foreign currency translation adjustment************** 33
Realized loss on derivatives ************************ (74) (74)
Reclassification adjustment for losses realized in net
income ************************************** 39 39
Minimum pension liability adjustment **************** (38) (38)
Income taxes ************************************ 254 254
Total comprehensive income ***************** 4,076
Cash dividends declared on common stock ********** (2,246) (2,246)
Issuance of common and treasury stock************* 19 (81) 525 444
Purchase of treasury stock************************* (62) (1,807) (1,807)
Stock option and restricted stock grants************* 84 84
Shares reserved to meet deferred compensation
obligations************************************ 2 (6) (4)
Balance December 31, 2005 ***************** 1,815 $20 $5,907 $19,001 $(4,413) $ (429) $20,086
See Notes to Consolidated Financial Statements.
64 U.S. BANCORP