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Show UTAH INTERNATIONAL INC. AND SUBSIDIARIES STATEMENT OF CONSOLIDATED STOCKHOLDERS' EQUITY For the Five Years Ended October 31, 1975 and the Nine Months Ended July 31, 1976 (Unaudited) (Dollar amounts in thousands) Preferred Stock Common Stock Treasury Stock Paid-in Retained Shares Amount Shares Amount Capital Earnings Shares Amount (Notes 9 (Note 13) and 10) BALANCE, OCTOBER 31, 1970, as previously reported.......... - $ - 15,148,365 $30,297 $ 59,301 $127,002 1,120 $(4) Adjustment to give effect to the acquisition of LVO Corporation under the pooling of interests concept (Note 2).................................................................... 419,800 2,099 1,170,726 2,341 31,782 6,791 67,011 (37) BALANCE, OCTOBER 31, 1970, as restated............................ 419,800 $2,099 16,319,091 $32,638 $ 91,083 $133,793 68,131 $(41) Net income.................................................................... 37,665 Common stock issued upon conversion of debentures 235,525 471 8,025 Common stock issued upon conversion of notes*....... 139,771 280 2,544 Common stock issued to employees as restricted stock bonuses............................................................. 7,827 16 390 Common stock issued upon exercise of stock options*......................................................................... - - 11,430 22 187 - - - Common stock issued upon conversion of preferred stock*......................................................................... (997) (5) 184 5 Reduction in shares outstanding resulting from merger....................................................................... (21,819) (43) 40 Cash dividends on common stock of $0.375 per share (Note 13).................................................................. - - - (10,670) Cash dividends on 30c cumulative convertible preferred stock*.............................................................. ((127) Other, net*.....................................................................__ _826 _1 _(8) _ _(54) (28) BALANCE, OCTOBER 31, 1971................................................ 418,803 $2,094 16,692,835 $33,385 $102,266 $160,661 68,077 $(69) Net income.................................................................... 44,328 Common stock issued upon conversion of debentures 48,086 96 1,596 Common stock issued upon exercise of warrants*...... 10,002 20 240 Common stock issued to employees as restricted stock bonuses............................................................. 6,410 13 393 (231) 3 Common stock issued upon exercise of stock options*......................................................................... - - 15,535 32 385 - - - Common stock issued for purchase of assets*............. 30,950 62 1,053 Common stock issued upon conversion of preferred stock*......................................................................... (13,746) (69) 2,543 5 63 Cash dividends on common stock of $0.44 per share (Note 13).................................................................. (12,635) - Cash dividends on 30c cumulative convertible preferred stock*.............................................................. (124) Acquisition of treasury shares*...................................... 10,007 (400) Other, net*..................................................................... _- 1,035 _2 (220) _-(_19) _1 BALANCE, OCTOBER 31, 1972................................................ 405,057 $2,025 16,807,396 $33,615 $105,776 $192,230 77,834 $(465) Net income.................................................................... 62,229 Common stock issued to stockholders in a two-for-one stock split effected in the form of a stock dividend..................................................................... 14,402,039 28,804 (28,804) 25 Common stock issued upon conversion of debentures 35,147 70 879 Common stock issued to employees as restricted stock bonuses............................................................. 4,560 9 385 Common stock issued upon exercise of stock options*......................................................................... 31,763 64 682 Common stock issued in connection with public offering, net of related costs*.................................... 31,031 62 2,030 Acquisition of treasury shares*..................................... 99Z Retirement of treasury shares*.................................... (10,000) (20) (240) (140) (10,000) 400 Cash dividends on common stock of $0.455 per share (Note 13).................................................................. (13,105) Cash dividends on 30c cumulative convertible preferred stock*.............................................................. (122) Other, net*..................................................................... _ _____ (196) _ BALANCE, OCTOBER 31, 1973................................................ 405,057 $2,025 31,301,936 $62,604 $80,512 $241,092 70,866 $(153) * Transactions prior to merger dates incurred by companies acquired and accounted for as poolings of interests (Note 2). The accompanying notes are an integral part of this statement. (Continued on following page) F-32 UTAH INTERNATIONAL INC. AND SUBSIDIARIES STATEMENT OF CONSOLIDATED STOCKHOLDERS' EQUITY (Continued) For the Five Years Ended October 31, 1975 and the Nine Months Ended July 31, 1976 (Unaudited) (Dollar amounts in thousands) Preferred Stock Common Stock Treasury Stock Paid-in Retained Shares Amount Shares Amount Capital Earnings Shares Amount (Notes 9 (Note 13) and 10) BALANCE, OCTOBER 31, 1973................................................ 405,057 $2,025 31,301,936 $62,604 $80,512 $241,092 70,866 $(153) Net income.................................................................... _ _ 97 632 _ _ Cash dividends on common stock of $0.71 per share.. (21,474) Common stock issued upon conversion of debentures 182,127 364 3,014 Common stock issued to employees as restricted stock bonuses............................................................. 3,438 7 288 (732) 24 Common stock issued upon conversion of preferred stock*.........................................................................(404,991) (2,025) 86,157 172 1,853 Common stock issued upon exercise of stock options and warrants*............................................................ - 50,989 102 862 (693) 6 Acquisition of treasury shares*..................................... _____ 22,209 (677) Retirement of treasury shares*..................................... (91,650) (183) (617) (91,650) 800 Cash dividends on 30c cumulative convertible preferred stock*.............................................................. _ _ (122) Distribution of shares of United Cable Television Corporation*............................................................. (10,695) BALANCE, OCTOBER 31, 1974................................................ 66 $ - 31,532,997 $63,066 $85,912 $306,433 $- Net income.................................................................... 111,581 Cash dividends on common stock of $1.00 per share.. (31,540) Excess of the fair market value over net book value of a stock dividend issued by a subsidiary to its minority shareholder................................................. 5,207 Cash paid in lieu of fractional shares upon exchange of Utah common stock for shares of companies acquired by merger................................................... (7,673) (15) (301) Common stock issued to employees as restricted stock bonuses............................................................. _ _ 8,450 17 302 Common stock issued upon conversion of preferred stock........................................................................... (64) 11 Acquisition of treasury shares....................................... _ 491(25) BALANCE, OCTOBER 31, 1975................................................ 2 $ - 31,533,785 $63,068 $91,120 $386,474 491 $(25) Net income.................................................................... . _126,031 - - Cash dividends on common stock of $0.75 per share.. _ (23,656) _ Common stock issued to employees as restricted stock bonuses............................................................. 8,079 16 344 (491) 25 Acquisition of treasury shares....................................... _ 218 (9) Preferred stock redeemed for cash............................... (2) BALANCE, JULY 31, 1976....................................................... _ $ 31,541,864 $63,084 $91,464 $488,849 218 $(9) * Transactions prior to merger dates incurred by companies acquired and accounted for as poolings of interests (Note 2). The accompanying notes are an integral part of this statement. F-33 ? |
