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FORM 10-K
74
MDU RESOURCES G ROUP, INC.
PART II
CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS' EQUIT Y
Years ended December 31, 2007, 2006 and 2005
Accumulated
Other
Other
Compre-
Common Stock
Treasury Stock
Paid-in
Retained
hensive
Shares
Amount
Capital
Earnings
Loss
Shares
Amount
Total
(In thousands, except shares)
Balance at December 31, 2004
118,586,065
$ 118,586
$ 863,449 $
699,095
$(11,491)
(359,281)
$ (3,626)
$ 1,666,013
Comprehensive income:
Net income
--
--
--
275,083
--
--
--
275,083
Other comprehensive
income (loss), net of tax --
Net unrealized loss on derivative
instruments qualifying as hedges
--
--
--
--
(21,800)
--
--
(21,800)
Pension liability adjustment
--
--
--
--
574
--
--
574
Foreign currency translation adjustment
--
--
--
--
(1,099)
--
--
(1,099)
Total comprehensive income
--
--
--
--
--
--
--
252,758
Dividends on preferred stocks
--
--
--
(685)
--
--
--
(685)
Dividends on common stock
--
--
--
(88,698)
--
--
--
(88,698)
Tax benefit on stock-based compensation
--
--
5,487
--
--
--
--
5,487
Issuance of common stock
1,676,721
1,677
40,070
--
--
--
--
41,747
Balance at December 31, 2005
120,262,786
120,263
909,006
884,795
(33,816)
(359,281)
(3,626)
1,876,622
Comprehensive income:
Net income
--
--
--
315,757
--
--
--
315,757
Other comprehensive
income (loss), net of tax --
Net unrealized gain on derivative
instruments qualifying as hedges
--
--
--
--
45,610
--
--
45,610
Pension liability adjustment
--
--
--
--
1,761
--
--
1,761
Foreign currency translation adjustment
--
--
--
--
(1,585)
--
--
(1,585)
Total comprehensive income
--
--
--
--
--
--
--
361,543
SFAS No. 158 transition adjustment
--
--
--
--
(18,452)
--
--
(18,452)
Dividends on preferred stocks
--
--
--
(685)
--
--
--
(685)
Dividends on common stock
--
--
--
(95,657)
--
--
--
(95,657)
Tax benefit on stock-based compensation
--
--
2,524
--
--
--
--
2,524
Issuance of common stock (pre-split)
120,702
121
3,242
--
--
--
--
3,363
Three-for-two common stock split (Note 13)
60,191,744
60,192
(60,192)
--
--
(179,640)
--
--
Issuance of common stock (post-split)
982,311
982
19,673
--
--
--
--
20,655
Balance at December 31, 2006
181,557,543
181,558
874,253
1,104,210
(6,482)
(538,921)
(3,626)
2,149,913
Comprehensive income:
Net income
--
--
--
432,120
--
--
--
432,120
Other comprehensive
income (loss), net of tax --
Net unrealized loss on derivative
instruments qualifying as hedges
--
--
--
--
(13,505)
--
--
(13,505)
Pension liability adjustment
--
--
--
--
3,012
--
--
3,012
Foreign currency translation adjustment
--
--
--
--
7,177
--
--
7,177
Net unrealized gain on
available-for-sale investments
--
--
--
--
405
--
--
405
Total comprehensive income
--
--
--
--
--
--
--
429,209
FIN 48 transition adjustment
--
--
--
31
--
--
--
31
Dividends on preferred stocks
--
--
--
(685)
--
--
--
(685)
Dividends on common stock
--
--
--
(102,091)
--
--
--
(102,091)
Tax benefit on stock-based compensation
--
--
5,398
--
--
--
--
5,398
Issuance of common stock
1,388,985
1,389
33,155
--
--
--
--
34,544
Balance at December 31, 2007
182,946,528
$182,947
$912,806 $1,433,585
$(9,393)
(538,921)
$(3,626) $2,516,319
The accompanying notes are an integral part of these consolidated financial statements.