|
| |
(in millions)
|
|
| year ended june 30 |
1995 |
1996 |
1997 |
 |
| Convertible preferred stock |
|
|
|
| |
Convertible preferred stock issued |
-
 |
-
|
$ 980
|
| |
Balance, end of year |
-
|
-
|
980
|
| Common stock and paid-in capital |
|
|
|
| |
Balance, beginning of year |
$1,500 |
$ 2,005 |
2,924 |
| |
Common stock issued |
332 |
504 |
744 |
| |
Common stock repurchased |
(30) |
(41) |
(91) |
| |
Proceeds from sale of put warrants |
49 |
124 |
95 |
| |
Reclassification of |
|
|
|
| |
put warrant obligation |
(25) |
(20) |
45 |
| |
Stock option income tax benefits |
179
|
352
|
792
|
| |
Balance, end of year |
2,005
|
2,924
|
4,509
|
| |
| Retained earnings |
|
|
|
| |
Balance, beginning of year |
2,950 |
3,328 |
3,984 |
| |
Net income |
1,453 |
2,195 |
3,454 |
| |
Preferred stock dividends |
- |
- |
(15) |
| |
Common stock repurchased |
(668) |
(1,344) |
(3,010) |
| |
Reclassification of |
|
|
|
| |
put warrant obligation |
(380) |
(210) |
590 |
| |
Net unrealized investment |
|
|
|
| |
gains and other |
(27)
|
15
|
285
|
| |
Balance, end of year |
3,328
|
3,984
|
5,288
|
| |
Total stockholders’ equity |
$5,333
 |
$ 6,908
|
$10,777
|
| |
see accompanying notes |
|
|
|
| |
Stockholders’ equity |
 |
 |
 |
|
|
