STOCKHOLDERS EQUITY STATEMENTS
In millions |
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Year Ended June 30 |
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2000 |
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2001 |
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2002 |
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Convertible preferred stock |
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Balance, beginning of year |
$ |
980 |
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$ |
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$ |
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Conversion of preferred to common stock |
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(980 |
) |
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Balance, end of year |
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Common stock and paid-in capital |
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Balance, beginning of year |
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13,844 |
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23,195 |
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28,390 |
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Common stock issued |
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3,554 |
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5,154 |
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1,801 |
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Common stock repurchased |
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(210 |
) |
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(394 |
) |
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(676 |
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Sales/(repurchases) of put warrants |
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472 |
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(1,367 |
) |
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Stock option income tax benefits |
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5,535 |
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2,066 |
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1,596 |
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Other, net |
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(264 |
) |
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536 |
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Balance, end of year |
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23,195 |
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28,390 |
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31,647 |
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Retained earnings |
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Balance, beginning of year |
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13,614 |
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18,173 |
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18,899 |
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Net income |
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9,421 |
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7,346 |
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7,829 |
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Other comprehensive income: |
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Cumulative effect of accounting change |
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(75 |
) |
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Net gains/(losses) on derivative instruments |
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634 |
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(91 |
) |
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Net unrealized investment gains/(losses) |
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(283 |
) |
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(1,460 |
) |
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5 |
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Translation adjustments and other |
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23 |
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(39 |
) |
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82 |
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Comprehensive income |
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9,161 |
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6,406 |
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7,825 |
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Preferred stock dividends |
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(13 |
) |
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Immaterial pooling of interests |
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97 |
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Common stock repurchased |
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(4,686 |
) |
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(5,680 |
) |
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(6,191 |
) |
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Balance, end of year |
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18,173 |
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18,899 |
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20,533 |
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Total stockholders equity |
$ |
41,368 |
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$ |
47,289 |
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$ |
52,180 |
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See accompanying notes.
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