Western Digital 2000 Annual Report Download - page 40

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WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIENCY)
(in thousands)
Retained Total
Additional Earnings Accumulated Shareholders' Total
Common Stock Treasury Stock Paid-in (Accumulated Comprehensive Equity Comprehensive
Shares Amount Shares Amount Capital DeÑcit) Income (Loss) (DeÑciency) Income (Loss)
Balance at June 28,
1997 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 101,332 $ 1,013 (15,436) $(225,746) $356,654 $ 488,066 Ì $ 619,987
Common stock
repurchase program ÏÏÌÌÌ Ì(35,828) Ì Ì (35,828)
Exercise of stock
optionsÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì 1,166 8,892 (99) Ì Ì 8,793
ESPP shares issued ÏÏÏÏ Ì Ì 1,231 9,506 3,178 Ì Ì 12,684
Income tax beneÑt from
stock options
exercised ÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì 2,339 Ì Ì 2,339
Net lossÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (290,217) (290,217) (290,217)
Balance at June 27,
1998 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 101,332 $ 1,013 (13,039) $(207,348) $326,244 $ 197,849 Ì $ 317,758 $(290,217)
ESPP shares issued ÏÏÏÏ Ì Ì 1,002 8,222 1,632 Ì Ì 9,854
Exercise of stock
optionsÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì 740 6,084 (590) Ì Ì 5,494
Shares issued in
connection with
Connex acquisition ÏÏ 576 6 Ì Ì 7,911 Ì Ì 7,917
Net lossÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì (492,690) Ì (492,690) (492,690)
Unrealized loss on
investment securities Ì Ì Ì Ì Ì Ì (2,123) (2,123) (2,123)
Balance at July 3, 1999 101,908 $ 1,019 (11,297) $(193,042) $335,197 $(294,841) $(2,123) $(153,790) $(494,813)
ESPP shares issued ÏÏÏÏ Ì Ì 1,236 10,660 (5,622) Ì Ì 5,038
Exercise of stock
optionsÏÏÏÏÏÏÏÏÏÏÏÏÏ 288 2,572 (1,427) Ì Ì 1,145
Shares issued in
debenture redemption
and equity facility
salesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 51,336 514 Ì Ì 221,397 Ì Ì 221,911
Other shares issued ÏÏÏÏ 91 1 Ì Ì 387 Ì Ì 388
Net lossÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì (188,016) Ì (188,016) (188,016)
Unrealized gain on
investment securities Ì Ì Ì Ì Ì Ì 3,490 3,490 3,490
Balance at June 30,
2000 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 153,335 $ 1,534 (9,773) $(179,810) $549,932 $(482,857) $ 1,367 $(109,834) $(184,526)
See notes to consolidated Ñnancial statements.
35