statement of consolidated stockholders equity nal nc and subsidiaries statement of changes in consolidated financial position years ended october 31 dolls common stock shares amount years ended october 31 notes 3 & 6 balance october 31 1970 net income common stock issued upon conversion of debentures common stock issued to employees as restricted stock bonuses cash dividends oi 75 per share reduction in shares outstanding resulting from merger balance october 31 1971 net income common stock issued upon conversion of debentures common stock issued to employees as restricted stock bonuses cash dividends of 88 per share .... balance october 31 1972 14,100,215 28,200 235,525 471 7,827 16 1 24,91 2 35,501 8,025 390 - 10,670 1972 1971 amounts in thousands working capital was provided from operations — net income expenses income not affecting working capital — depreciation depletion and amortization provision for deferred income taxes minority interest in net income of subsidiaries undistributed equity in net income of affiliates joint ventures and partnerships working capital provided from operations long-term borrowings transfer of investment in real estate to partnership note 2 . sale of noncurrent assets reduction of loans for construction of railroad and power facilities common stock issued upon conversion of debentures other total funds provided working capital was used for additional investment in — equipment and facilities other assets affiliates joint ventures and partnerships land and real estate transfer of assessment liens to partnership note 2 reduction of long-term liabilities cash dividends paid to stockholders conversion of debentures to common stock other total funds used net increase decrease in working capital working capital increase decrease by component cash marketable securities receivables inventories and prepaid expenses bank loans and current portion of long-term liabilities accounts payable other current liabilities 1 95,554 $ 6,712 $ 6,712