Download Annual Report PDF - Heinz

H. J. Heinz Company and Subsidiaries
Consolidated Statements of Equity
April 27, 2011 April 28, 2010 April 29, 2009
Shares Dollars Shares Dollars Shares Dollars
(Amounts in thousands, expect per share amounts)
PREFERRED STOCK
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . 7 $ 70 7 $ 70 7 $ 72
Conversion of preferred into common stock . . . . . . . . . . . — (1) — — — (2)
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . 7 69 7 70 7 70
Authorized shares- April 27, 2011. . . . . . . . . . . . . . . . . . . 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 27, 2011. . . . . . . . . . . . . . . . . . . 600,000
ADDITIONAL CAPITAL
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . 657,596 737,917 617,811
Conversion of preferred into common stock . . . . . . . . . . . (39) (29) (95)
Stock options exercised, net of shares tendered for
payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26,482)(4) (21,717)(4) 98,736(4)
Stock option expense . . . . . . . . . . . . . . . . . . . . . . . . . . 9,447 7,897 9,405
Restricted stock unit activity . . . . . . . . . . . . . . . . . . . . (8,119) (9,698) (538)
Tax settlement(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 8,537
Purchase of subsidiary shares from noncontrolling
interests(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,411) (54,209) —
Other, net(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (625) (2,565) 4,061
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . 629,367 657,596 737,917
RETAINED EARNINGS
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . 6,856,033 6,525,719 6,129,008
Net income attributable to H.J. Heinz Company . . . . . . . . 989,510 864,892 923,072
Cash dividends:
Preferred (per share $1.70 per share in 2011, 2010 and
2009) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12) (9) (12)
Common (per share $1.80, $1.68, and $1.66 in 2011, 2010
and 2009, respectively) . . . . . . . . . . . . . . . . . . . . . (579,606) (533,543) (525,281)
Other(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,247) (1,026) (1,068)
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . 7,264,678 6,856,033 6,525,719
TREASURY STOCK
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . (113,404) (4,750,547) (116,237) (4,881,842) (119,628) (4,905,755)
Shares reacquired . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,425) (70,003) — — (3,650) (181,431)
Conversion of preferred into common stock . . . . . . . . . . . 1 40 1 29 3 97
Stock options exercised, net of shares tendered for
payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,495 203,196 2,038 94,315 6,179 178,559
Restricted stock unit activity . . . . . . . . . . . . . . . . . . . . 296 13,756 470 21,864 485 15,026
Other, net(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218 10,196 324 15,087 374 11,662
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . (109,819) $(4,593,362) (113,404) $(4,750,547) (116,237) $(4,881,842)
(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 $337,075, pension and post-retirement benefits net prior service cost of $(7,232) and net
losses of $(619,708), and deferred net gains on derivative financial instruments of $(9,699).
See Notes to Consolidated Financial Statements
43