utah international inc and subsidiaries statement of consolidated stockholders equity for the years ended october 31 1971 and 1970 statement of changes in consolidated financial position for the years ended october 31 dolla ounts in thousands 1971 1970 retained paid-in earnings capital notes 1 and 4 balance november 1 1969 add net income common stock issued upon conversion of debentures common stock issued to employees as restricted stock bonuses excess of consideration received from issue of 10 equity interest in subsidiary company over net book value of such interest deduct — cash dividends of 65 per share balance october 31 1970 add net income common stock issued upon conversion of debentures common stock issued to employees as restricted stock bonuses deduct cash dividends of 75 per share reduction in shares outstanding resulting from merger note 11 balance october 31 3971 notes 5 and 7 103,375 $ 347 12,917,142 $ 25,834 36,605 1,178,206 2,356 223 4,867 10 — 17,210 8,736 — 124,912 $ 54,385 14,100,215 $ 28,200 10,670 — 40 21,819 43 149,743 $ 62,840 14,321,748 $ 28,644 working capital was provided from operations — net income add expenses not requiring outlay of working capital — depreciation depletion and amortization unit-of production straight-line and declining-balance methods provision for deferred income taxes deduct income not providing working capital — undistributed equity in net income of affiliates joint ventures and limited partnership working capital provided from operations long-term borrowings sale of noncurrent assets proceeds from sale of 10 equity interest in subsidiary common stock issued upon conversion of debentures other total funds provided working capital was used for additional investment in — equipment and facilities long-term receivables land and real estate payments of long-term liabilities cash dividends paid to stockholders conversion of debentures to common stock total funds used net decrease in working capital working capital increase decrease by component cash and marketable securities receivables inventories and prepaid expenses bank loans and current portion of long-term liabilities . . . accounts payable other current liabilities an integral part of ihis amounts in thousands $ 35,501 $ 30,273 8,356 13,853 10,686 $ 195,554 6,712 6,815 8,765 $ 45,853 7,262 $ 153,134 $[ 28,398 $( 28,398