STOCKHOLDERS’ EQUITY STATEMENTS
| (In millions) | |||
|---|---|---|---|
| Year Ended June 30, | 2008 | 2007 | 2006 |
| Common stock and paid-in capital | |||
| Balance, beginning of period | $60,557 | $59,005 | $60,413 |
| Common stock issued | 3,504 | 6,783 | 1,939 |
| Common stock repurchased | (3,022) | (6,162) | (4,447) |
| Stock-based compensation expense | 1,479 | 1,550 | 1,715 |
| Stock option income tax benefits (deficiencies) | 253 | (661) | (617) |
| Other, net | 78 | 42 | 2 |
| Balance, end of period | 62,849 | 60,557 | 59,005 |
| Retained earnings (deficit) | |||
| Balance, beginning of period | (29,460) | (18,901) | (12,298) |
| Cumulative effect of a change in accounting principle—adoption of FIN 48(1) | (395) | – | – |
| Cumulative effect of a change in accounting principle—adoption of EITF 06-2(1) | (17) | – | – |
| Net income | 17,681 | 14,065 | 12,599 |
| Other comprehensive income: | |||
| Net unrealized gains on derivative instruments | 18 | 14 | 76 |
| Net unrealized gains (losses) on investments | (653) | 326 | (282) |
| Translation adjustments and other | 121 | 85 | 9 |
| Comprehensive income | 17,167 | 14,490 | 12,402 |
| Common stock cash dividends | (4,084) | (3,837) | (3,594) |
| Common stock repurchased | (9,774) | (21,212) | (15,411) |
| Balance, end of period | (26,563) | (29,460) | (18,901) |
| Total stockholders’ equity | $36,286 | $31,097 | $40,104 |
(1) See Note 1 of Notes to Financial Statements.
See accompanying notes.