| |
| Stockholders' Equity Statements |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| In millions |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Year Ended June 30 |
1998 |
|
1999 |
|
2000 |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Convertible preferred stock |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
Balance, beginning of year |
$ 980 |
|
$ 980 |
|
$ 980 |
|
| |
|
|
|
|
|
|
| |
Conversion of preferred to common stock |
— |
|
— |
|
(980 |
) |
| |
|
|
|
|
|
|
| |
|
Balance, end of year |
980 |
|
980 |
|
— |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Common stock and paid-in capital |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
Balance, beginning of year |
4,509 |
|
8,025 |
|
13,844 |
|
| |
|
|
|
|
|
|
| |
Common stock issued |
1,262 |
|
2,338 |
|
3,554 |
|
| |
|
|
|
|
|
|
| |
Common stock repurchased |
(165 |
) |
(64 |
) |
(210 |
) |
| |
|
|
|
|
|
|
| |
Structured repurchases price differential |
328 |
|
(328 |
) |
— |
|
| |
|
|
|
|
|
|
| |
Proceeds from sale of put warrants |
538 |
|
766 |
|
472 |
|
| |
|
|
|
|
|
|
| |
Stock option income tax benefits |
1,553 |
|
3,107 |
|
5,535 |
|
| |
|
|
|
|
|
|
| |
|
Balance, end of year |
8,025 |
|
13,844 |
|
23,195 |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Retained earnings |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
Balance, beginning of year |
5,288 |
|
7,622 |
|
13,614 |
|
| |
|
|
|
|
|
|
| |
Net income |
4,490 |
|
7,785 |
|
9,421 |
|
| |
|
|
|
|
|
|
| |
Other comprehensive income: |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
Net unrealized investment gains/(losses) |
627 |
|
1,052 |
|
(283 |
) |
| |
|
|
|
|
|
|
| |
|
Translation adjustments and other |
(124 |
) |
69 |
|
23 |
|
| |
|
|
|
|
|
|
| |
|
|
Comprehensive income |
4,993 |
|
8,906 |
|
9,161 |
|
| |
|
|
|
|
|
|
| |
Preferred stock dividends |
(28 |
) |
(28 |
) |
(13 |
) |
| |
|
|
|
|
|
|
| |
Immaterial pooling of interests |
— |
|
— |
|
97 |
|
| |
|
|
|
|
|
|
| |
Common stock repurchased |
(2,631 |
) |
(2,886 |
) |
(4,686 |
) |
| |
|
|
|
|
|
|
| |
|
Balance, end of year |
7,622 |
|
13,614 |
|
18,173 |
|
| |
|
|
|
|
|
|
| |
|
|
Total stockholders' equity |
$ 16,627 |
|
$ 28,438 |
|
$ 41,368 |
|
| |
|
|
|
|
|
|
|
|
