statement of consolidated stockholders equity utah international inc and subsidiaries statement of changes in consolidated financial position utah international inc and subsidiaries years ended october 31 preferred common paid-in retained treasury stock stock capital earnings stock note 11 note 12 years ended october 31 balance october 31 1973 as previously reported adjustment to give effect to reporting foreign currency exchange gains and losses as incurred note 5 balance october 31 , 1 973 as restated net income cash dividends on common stock of 71 per share common stock issued upon conversion of debentures . . . common stock issued to employees as restricted stock bonuses common stock issued upon conversion of preferred stock common stock issued upon exercise of stock options and warrants acquisition of treasury shares retirement of treasury shares cash dividends on 300 cumulative convertible preferred stock distribution of shares of united cable television corporation balance october 31 , 1 974 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 shareholder 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 . 2,025 62,604 80,51 2 234,628 1 53 2,025 15 17 5,207 301 302 $ - 63,068 91,120 386,474 25 i 25 1 transactions prior to merger dates i the accompanying accounting polic ed by companies acquired and accounted for as poolings of interests note 1 nd notes are an integral part of this statement 48,687 12,967 1,114 14,561 979 2,847 216,545 23,809 28,888 5,079 216,545 24,529 7,660 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 8 provision for losses on long-term receivables 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 net effect of disposition of assets and liabilities relating to discontinued operations reduction of loans for construction of railroad and power facilities common stock issued upon conversion of debentures common stock issued upon conversion of preferred stock 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 and preferred stockholders dividends of united cable television corporation to former stockholders of lvo corporation conversion of debentures to common stock conversion of preferred stock to common stock reduction of deferred income taxes other 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 transactions prior to merger dates incurred by companies acquired and accounted for a the accompanying accounting policies and notes are an integral part of this statement 3 poolings of interests note 1