Western Digital 2006 Annual Report Download - page 56

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WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY and COMPREHENSIVE INCOME
(in millions)
Shares Amount Shares Amount
Additional
Paid-In
Capital
Accumulated
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit)
Total
Shareholders’
Equity
Total
Comprehensive
Income
Common Stock Treasury Stock
(as adjusted) (as adjusted) (as adjusted) (as adjusted)
Balance at June 27, 2003 (as previously
reported) ............................ 203.6 $2.0 (0.7) $(15.8) $675.4 $ — $(334.2) $ 327.4 $179.5
Adjustment to opening shareholders’ equity
(Note 2)............................ 15.4 (15.7) (0.3) (3.0)
Balance at June 27, 2003 (as adjusted) ........ 203.6 $2.0 (0.7) $(15.8) $690.8 $ — $(349.9) $ 327.1 $176.5
ESPP shares issued ...................... 2.2 9.8 9.8
Exercise of stock options .................. 3.0 0.1 0.7 14.7 15.5
Deferred compensation plan................ (0.1) 1.9 (1.1) 0.8
Repurchase of common stock ............... (1.9) (16.0) (16.0)
Net income ........................... 149.8 149.8 $149.8
Unrealized gain on foreign currency contracts . . . 0.2 0.2 0.2
Balance at July 2, 2004 ................... 208.8 2.1 (2.7) (29.2) 714.2 0.2 (200.1) 487.2 $150.0
ESPP shares issued ...................... 1.6 13.2 (3.8) 9.4
Exercise of stock options .................. 4.4 4.8 44.0 4.4 48.4
Deferred compensation plan................ 1.4 0.2 5.3 (0.5) 4.8
Repurchase of common stock ............... (4.8) (45.0) (45.0)
Net income ........................... 196.0 196.0 $196.0
Unrealized loss on foreign currency contracts. . . . (0.5) (0.5) (0.5)
Balance at July 1, 2005 ................... 214.6 2.1 (0.9) (11.7) 714.3 (0.3) (4.1) 700.3 $195.5
ESPP shares issued ...................... 1.0 0.5 9.9 4.9 14.8
Exercise of stock options .................. 4.8 0.1 2.8 39.4 24.2 63.7
Deferred compensation plan................ 1.3 0.4 4.1 11.2 15.3
Stock based compensation ................. 20.7 20.7
Repurchase of common stock ............... (3.5) (53.5) (53.5)
Net income ........................... 394.6 394.6 $394.6
Unrealized gain on foreign currency contracts . . . 1.3 1.3 1.3
Balance at June 30, 2006 .................. 221.7 $2.2 (0.7) $(11.8) $775.3 $ 1.0 $ 390.5 $1,157.2 $395.9
The accompanying notes are an integral part of these consolidated financial statements.
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