Part II
Item 8
STOCKHOLDERS’ EQUITY STATEMENTS
| (In millions) | ||||||||||||
| Year Ended June 30 | 2003 | 2004 | 2005 | |||||||||
| Common stock and paid-in capital |
||||||||||||
| Balance, beginning of period |
$ | 41,845 | $ | 49,234 | $ | 56,396 | ||||||
| Common stock issued |
2,966 | 2,815 | 3,223 | |||||||||
| Common stock repurchased |
(691 | ) | (416 | ) | (1,737 | ) | ||||||
| Stock-based compensation expense |
3,749 | 5,734 | 2,448 | |||||||||
| Stock option income tax benefits/(deficiencies) |
1,365 | (989 | ) | 89 | ||||||||
| Other, net |
– | 18 | (6 | ) | ||||||||
| Balance, end of period |
49,234 | 56,396 | 60,413 | |||||||||
| Retained earnings (deficit) |
||||||||||||
| Balance, beginning of period |
12,997 | 15,678 | 18,429 | |||||||||
| Net income |
7,531 | 8,168 | 12,254 | |||||||||
| Other comprehensive income: |
||||||||||||
| Net gains/(losses) on derivative instruments |
(102 | ) | 101 | (58 | ) | |||||||
| Net unrealized investments gains/(losses) |
1,243 | (873 | ) | 371 | ||||||||
| Translation adjustments and other |
116 | 51 | (6 | ) | ||||||||
| Comprehensive income |
8,788 | 7,447 | 12,561 | |||||||||
| Common stock cash dividends |
(857 | ) | (1,729 | ) | (36,968 | ) | ||||||
| Common stock repurchased |
(5,250 | ) | (2,967 | ) | (6,320 | ) | ||||||
| Balance, end of period |
15,678 | 18,429 | (12,298 | ) | ||||||||
| Total stockholders’ equity |
$ | 64,912 | $ | 74,825 | $ | 48,115 | ||||||
See accompanying notes.
