Western Digital 2014 Annual Report Download - page 65
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WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in millions)
Additional
Paid-In
Capital
Accumulated Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
Shareholders’
Equity
Common Stock Treasury Stock
Shares Amount Shares Amount
Balance at July 1, 2011 .......................................... 233 $2 — $ — $1,091 $ (5) $4,400 $5,488
Employee stock plans .......................................... 3 1 50 9 59
Stock based compensation ....................................... 92 92
Common stock issued in connection with acquisition .................. 25 1 876 877
Stock awards assumed in acquisition ............................... 73 73
Increase in excess tax benefits from employee stock plans ............... 82 82
Repurchase of common stock .................................... (16) (604) (604)
Net income .................................................. 1,612 1,612
Actuarial pension loss .......................................... (3) (3)
Foreign currency translation gains ................................ 44
Unrealized loss on foreign exchange contracts ........................ (11) (11)
Balance at June 29, 2012 ........................................ 261 $3 (15) $ (554) $2,223 $(15) $6,012 $7,669
Employee stock plans .......................................... 10 384 (224) 160
Stock based compensation ....................................... 141 141
Increase in excess tax benefits from employee stock plans ............... 45 45
Repurchases of common stock .................................... (19) (842) (842)
Dividends to shareholders ....................................... 3 (243) (240)
Net income .................................................. 980 980
Actuarial pension gain ......................................... 14 14
Foreign currency translation gains ................................ (4) (4)
Unrealized loss on foreign exchange contracts ........................ (30) (30)
Balance at June 28, 2013 ........................................ 261 $3 (24) $(1,012) $2,188 $(35) $6,749 $7,893
Employee stock plans .......................................... 7 258 (103) 155
Stock based compensation ....................................... 156 156
Stock awards assumed in acquisition ............................... 25 25
Increase in excess tax benefits from employee stock plans ............... 60 60
Repurchases of common stock .................................... (10) (816) (816)
Dividends to shareholders ....................................... 5 (300) (295)
Net income .................................................. 1,617 1,617
Actuarial pension loss .......................................... (4) (4)
Unrealized gain on foreign exchange contracts ....................... 51 51
Balance at June 27, 2014 ........................................ 261 $3 (27) $(1,570) $2,331 $ 12 $8,066 $8,842
The accompanying notes are an integral part of these consolidated financial statements.
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