Download Annual Report PDF - Heinz

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