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| Years Ended December 31, | ||||||||||||
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Shares |
Dollars |
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| In millions | 1998 | 1997 | 1996 | 1998 | 1997 | 1996 | ||||||
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| Preference stock: | ||||||||||||
| Beginning of year | 5.3 | 5.6 | 6.3 | $284.6 | $298.6 | $334.9 | ||||||
| Conversion to common stock |
(0.1) | (0.3) | (0.7) | (4.6) | (14.0) | (36.3) | ||||||
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| End of year | 5.2 | 5.3 | 5.6 | 280.0 | 284.6 | 298.6 | ||||||
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| Common stock: | ||||||||||||
| Beginning of year | 393.7 | 369.3 | 357.5 | 3.9 | 3.7 | 357.5 | ||||||
| Stock options exercised and awards under stock plans |
7.5 | 10.9 | 4.1 | 0.1 | 0.1 | 4.1 | ||||||
| Effect of change in par value |
| | | | | (365.6) | ||||||
| Other | 0.2 | 13.5 | 7.7 | | 0.1 | 7.7 | ||||||
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| End of year | 401.4 | 393.7 | 369.3 | 4.0 | 3.9 | 3.7 | ||||||
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| Treasury stock: | ||||||||||||
| Beginning of year | (11.3) | (11.7) | (13.1) | (262.9) | (273.1) | (304.6) | ||||||
| Conversion of preference stock |
0.2 | 0.5 | 1.4 | 4.2 | 12.2 | 31.6 | ||||||
| Other | (0.1) | (0.1) | | (1.5) | (2.0) | (0.1) | ||||||
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| End of year | (11.2) | (11.3) | (11.7) | (260.2) | (262.9) | (273.1) | ||||||
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| Guaranteed ESOP obligation: | ||||||||||||
| Beginning of year | (292.2) | (292.2) | (309.7) | |||||||||
| Reduction of guaranteed ESOP obligation | 21.5 | | 17.5 | |||||||||
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| End of year | (270.7) | (292.2) | (292.2) | |||||||||
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| Capital surplus: | ||||||||||||
| Beginning of year | 1,154.0 | 941.2 | 532.4 | |||||||||
| Conversion of preference stock | 0.3 | 1.8 | 4.7 | |||||||||
| Stock options exercised and awards under stock plans |
176.2 | 195.9 | 56.7 | |||||||||
| Effect of change in par value | | | 365.6 | |||||||||
| Other | 5.9 | 15.1 | (18.2) | |||||||||
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| End of year | 1,336.4 | 1,154.0 | 941.2 | |||||||||
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| Retained earnings: | ||||||||||||
| Beginning of year | 1,727.2 | 1,737.9 | 1,956.7 | |||||||||
| Net earnings | 396.4 | 76.9 | 208.2 | |||||||||
| Dividends: | ||||||||||||
| Preference stock, net of tax benefit | (13.6) | (13.7) | (14.4) | |||||||||
| Redeemable preferred stock | | | (0.1) | |||||||||
| Common stock | (88.9) | (73.9) | (51.7) | |||||||||
| Footstar Distribution | | | (360.8) | |||||||||
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| End of year | 2,021.1 | 1,727.2 | 1,737.9 | |||||||||
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| Other: | ||||||||||||
| Beginning of year | | (2.4) | 0.2 | |||||||||
| Cumulative translation adjustment | | | (0.2) | |||||||||
| Unrealized holding gain (loss) on investments, net |
| 2.4 | (2.4) | |||||||||
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| End of year | | | (2.4) | |||||||||
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| Total shareholders equity | $3,110.6 | 2,614.6 | 2,413.7 | |||||||||
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See accompanying notes to consolidated financial statements.
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copyright
©1998 CVS/pharmacy, Inc.
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