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