utah international inc and subsidiaries statement of consolidated stockholders equity years ended october 31 common stock note 10 retained earnings treasury note 11 stock balance october 31 1974 net income cash dividends on common stock of 1 00 per share . excess of the fair market value over net book value of a stock dividend issued by a subsidiary to its minority stockholders ... cash paid in lieu of fractional shares upon exchange of utah common stock for shares of companies acquired by merger .... common stock issued to employees as restricted stock bonuses . . ... acquisition of treasury shares balance october 31 1975 net income cash dividends on common stock of 1.15 per share cash paid in lieu of fractional shares upon exchange of utah common stock for shares of companies acquired by merger . common stock issued to employees as restricted stock bonuses acquisition of treasury shares balance october 31 1976 306,433 $ - 111,581 31,540 - 5,207 the accompanying accounting policies and notes are an integral part of this statement utah international inc and subsidiaries statement of changes in consolidated financial position years ended october 31 : ar 178,821 working capital was provided from operations income before extraordinary item . expenses income not affecting working capital depreciation depletion and amortization provision for deferred income taxes note 6 provision for losses on contractual commitments and other minority interest in earnings of subsidiaries provision for major maintenance net of actual costs equity in undistributed earnings or losses of affiliates joint ventures and partnerships working capital provided from operations exclusive of extraordinary item , extraordinary item-peruvian expropriation loss of affiliate note 3 items not affecting working capital write-off of investment due to expropriation write-off of previously provided distribution taxes .... working capital provided from operations and extraordinary item long-term borrowings sale of noncurrent assets reduction of loans for construction of railroad and powerfacilities other . . . . . . total working capital provided working capital was used for additional investment in — property plant and equipment other assets affiliates joint ventures and partnerships land and real estate . . . . reduction of long-term liabilities cash dividends paid to common stockholders cash dividends paid to minority stockholders of subsidiary . reduction of deferred income taxes total working capital used net increase decrease in working capital working capital increase decrease by component cash marketable securities receivables inventories and prepaid expenses notes payable and current portion of long-term liabilities . . accounts payable accrued liabilities accrued income taxes the accompanying accounting policies and notes are an integral part of this statement