Download Annual Report PDF - Heinz
Download Annual Report PDF - Heinz
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H. J. <strong>Heinz</strong> Company and Subsidiaries<br />
Consolidated Statements of Equity<br />
April 28, 2010 April 29, 2009 April 30, 2008<br />
Shares Dollars Shares Dollars Shares Dollars<br />
(Amounts in thousands, expect per share amounts)<br />
PREFERRED STOCK<br />
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . 7 $ 70 7 $ 72 8 $ 77<br />
Conversion of preferred into common stock . . . . . . . . . . . — — — (2) (1) (5)<br />
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . 7 70 7 70 7 72<br />
Authorized shares- April 28, 2010. . . . . . . . . . . . . . . . . . . 7<br />
COMMON STOCK<br />
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . 431,096 107,774 431,096 107,774 431,096 107,774<br />
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . 431,096 107,774 431,096 107,774 431,096 107,774<br />
Authorized shares- April 28, 2010. . . . . . . . . . . . . . . . . . . 600,000<br />
ADDITIONAL CAPITAL<br />
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . 737,917 617,811 580,606<br />
Conversion of preferred into common stock . . . . . . . . . . . (29) (95) (219)<br />
Stock options exercised, net of shares tendered for<br />
payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (21,717)(4) 98,736(4) 20,920(4)<br />
Stock option expense . . . . . . . . . . . . . . . . . . . . . . . . . . 7,897 9,405 8,919<br />
Restricted stock unit activity . . . . . . . . . . . . . . . . . . . . (9,698) (538) 4,961<br />
Initial adoption of accounting guidance for uncertainty in<br />
income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (1,719)<br />
Tax settlement(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 8,537 —<br />
Purchase of subsidiary shares from noncontrolling<br />
interests(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (54,209) — —<br />
Other, net(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,565) 4,061 4,343<br />
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . 657,596 737,917 617,811<br />
RETAINED EARNINGS<br />
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . 6,525,719 6,129,008 5,778,617<br />
Net income attributable to H.J. <strong>Heinz</strong> Company . . . . . . . . 864,892 923,072 844,925<br />
Cash dividends:<br />
Preferred (per share $1.70 per share in 2010, 2009 and<br />
2008) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9) (12) (12)<br />
Common (per share $1.68, $1.66, and $1.52 in 2010, 2009<br />
and 2008, respectively) . . . . . . . . . . . . . . . . . . . . . (533,543) (525,281) (485,234)<br />
Initial adoption of accounting guidance for uncertainty in<br />
income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (9,288)<br />
Other(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,026) (1,068) —<br />
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . 6,856,033 6,525,719 6,129,008<br />
TREASURY STOCK<br />
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . (116,237) (4,881,842) (119,628) (4,905,755) (109,317) (4,406,126)<br />
Shares reacquired . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (3,650) (181,431) (13,054) (580,707)<br />
Conversion of preferred into common stock . . . . . . . . . . . 1 29 3 97 8 224<br />
Stock options exercised, net of shares tendered for<br />
payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,038 94,315 6,179 178,559 2,116 62,486<br />
Restricted stock unit activity . . . . . . . . . . . . . . . . . . . . 470 21,864 485 15,026 289 8,591<br />
Other, net(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324 15,087 374 11,662 330 9,777<br />
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . (113,404) $(4,750,547) (116,237) $(4,881,842) (119,628) $(4,905,755)<br />
(1) See Note No. 6 for further details.<br />
(2) See Note No. 4 for further details.<br />
(3) Includes activity of the Global Stock Purchase Plan.<br />
(4) Includes income tax benefit resulting from exercised stock options.<br />
(5) Includes adoption of the measurement date provisions of accounting guidance for defined benefit pension and other postretirement plans and<br />
unpaid dividend equivalents on restricted stock units.<br />
(6) Comprised of unrealized translation adjustment of $(221,611), pension and post-retirement benefits net prior service cost of $(7,833) and net<br />
losses of $(749,815), and deferred net losses on derivative financial instruments of $1,876 .<br />
See Notes to Consolidated Financial Statements<br />
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