Stockholders' Equity Statements
Year Ended June 30
(In millions)

1994 1995 1996

Common stock and paid-in capital
  Balance, beginning of year$1,086$1,500$2,005
  Common stock issued280332504
  Common stock repurchased(17)(30)(41)
  Proceeds from sale of put warrants--49124
  Reclassification of put warrant obligation--(25)(20)
  Stock option income tax benefits151179352

    Balance, end of year1,5002,0052,924

Retained earnings
  Balance, beginning of year2,1562,9503,328
  Common stock repurchased(331)(668)(1,344)
  Reclassification of put warrant obligation--(380)(210)
  Net income1,1461,4532,195
  Equity adjustments(21)(27)15

    Balance, end of year2,9503,3283,984

      Total stockholders' equity $4,450 $5,333 $6,908

See accompanying notes.

Black Line



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