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PART II
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA
CONSOLIDATED STATEMENTS OF SHAREHOLDERS'
EQUITY
For the Years Ended December 31, 2000, 1999 and 1998
(In millions)
Accumulated
Additional Other
Common Paid-in Retained Comprehensive Treasury Comprehensive
Stock Capital Earnings Income (Loss) Stock Income (Loss)
-------- ----------- ----------- --------------- ----------- --------------
BALANCE AT DECEMBER 31, 1997 ................ $ 4.3 $ 3,051.5 $ 431.4 $ (2.9) $ --
Comprehensive income (loss):
Net income ................................. -- -- 499.5 -- -- $ 499.5
--------
Other comprehensive income (loss):
Foreign currency translation adjustments . -- -- -- -- -- (1.6)
Adjustments to marketable securities and
interest-only strip receivables ......... -- -- -- -- -- .2
--------
Other comprehensive loss ................. -- -- -- (1.4) -- (1.4)
--------
Comprehensive income ..................... -- -- -- -- -- $ 498.1
========
Stock issued in acquisitions ............... .3 540.9 -- -- --
Sale of common stock of Republic Services .. -- 998.5 -- -- --
Purchases of treasury stock ................ -- -- -- -- (136.0)
Exercise of stock options and warrants,
including income tax benefit of
$4.8 million ............................. .1 38.0 -- -- --
------ ---------- --------- ------ ----------
BALANCE AT DECEMBER 31, 1998 ................ 4.7 4,628.9 930.9 (4.3) (136.0)
------ ---------- --------- ------ ----------
Comprehensive income (loss):
Net income ................................. -- -- 282.9 -- -- $ 282.9
--------
Other comprehensive income (loss):
Foreign currency translation adjustments . -- -- -- -- -- (1.9)
Adjustments to marketable securities and
interest-only strip receivables ......... -- -- -- -- -- 12.8
--------
Other comprehensive income ............... -- -- -- 10.9 -- 10.9
--------
Comprehensive income .................... -- -- -- -- -- $ 293.8
========
Purchases of treasury stock ................ -- -- -- -- (1,158.0)
Issuance of treasury stock for employee
benefit plan ............................. -- .1 -- -- 10.4
Exercise of stock options and warrants,
including income tax benefit of $1.1
million .................................. -- 28.5 -- -- --
Other ...................................... -- 4.0 -- -- (1.8)
------ ---------- --------- ------ ----------
BALANCE AT DECEMBER 31, 1999 ................ 4.7 4,661.5 1,213.8 6.6 (1,285.4)
------ ---------- --------- ------ ----------
Comprehensive income (loss):
Net income ................................. -- -- 329.9 -- -- $ 329.9
--------
Other comprehensive income (loss):
Foreign currency translation adjustments . -- -- -- -- -- 6.4
Adjustments to marketable securities and
interest-only strip receivables ......... -- -- -- -- -- (12.0)
--------
Other comprehensive loss ................. -- -- -- (5.6) -- (5.6)
--------
Comprehensive income .................... -- -- -- -- -- $ 324.3
========
Purchases of treasury stock ................ -- -- -- -- (188.9)
Spin-off of ANC Rental Corporation ......... -- -- (894.4) -- --
Exercise of stock options and warrants,
including income tax benefit of
$1.0 million ............................. .1 2.2 -- -- --
Other ...................................... -- 1.0 -- -- (3.0)
------ ---------- --------- ------ ----------
BALANCE AT DECEMBER 31, 2000 ................ $ 4.8 $ 4,664.7 $ 649.3 $ 1.0 $ (1,477.3)
====== ========== ========= ====== ==========
The accompanying notes are an integral part of
these statements.
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Form
10-K 
