| CONSOLIDATED
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY |
| |
|
|
|
|
|
|
|
| For the Years Ended December 31, 1999,
1998 and 1997 |
|
(in millions)
|
|
|
Common Stock
|
Additional
Paid-In
Capital
|
Retained
Earnings
|
Accumulated
Other
Comprehensive
Loss
|
Treasury
Stock
|
Comprehensive
Income (Loss)
|
|
|
|
Shares
|
Amount
|
|
| Balance at January 1, 1997 |
154.8
|
$ 2
|
$ 359
|
$ 369
|
$ (33)
|
$ (3)
|
|
| Net income |
--
|
--
|
--
|
185
|
--
|
--
|
$ 185
|
| Foreign currency translation |
|
|
|
|
|
|
|
| adjustment |
--
|
--
|
--
|
--
|
(98)
|
--
|
(98)
|
|
|
|
|
|
|
|
|
| Comprehensive income |
--
|
--
|
--
|
--
|
--
|
--
|
$ 87
|
|
|
|
|
|
|
|
|
| Issuance of common stock |
|
|
|
|
|
|
|
| public
offerings |
14.1
|
--
|
494
|
--
|
--
|
--
|
|
| Issuance of common stock pursuant |
|
|
|
|
|
|
|
| to Chigen
amalgamation |
4.7
|
--
|
157
|
--
|
--
|
--
|
|
| Issuance of common stock under |
|
|
|
|
|
|
|
| benefit
plans and exercise of stock |
|
|
|
|
|
|
|
| options
and warrants |
1.4
|
|
12
|
|
|
2
|
|
| Tax benefit associated with the |
|
|
|
|
|
|
|
| exercise
of options |
--
|
--
|
8
|
--
|
--
|
--
|
|
|
| Balance at December 31, 1997 |
175.0
|
2
|
1,030
|
581
|
(131)
|
(1)
|
|
|
|
|
|
|
|
|
|
|
| Net income |
--
|
--
|
--
|
311
|
--
|
--
|
$ 311
|
| Foreign currency translation |
|
|
|
|
|
|
|
| adjustment |
--
|
--
|
--
|
--
|
(212)
|
--
|
(212)
|
|
|
|
|
|
|
|
|
| Comprehensive income |
--
|
--
|
--
|
--
|
--
|
--
|
$ 99
|
|
|
|
|
|
|
|
|
| Issuance of common stock through |
|
|
|
|
|
|
|
| public
offerings |
4.3
|
--
|
184
|
--
|
--
|
1
|
|
| Issuance of common stock under |
|
|
|
|
|
|
|
| benefit
plans and exercise of stock |
|
|
|
|
|
|
|
| options
and warrants |
1.1
|
--
|
16
|
--
|
--
|
--
|
|
| Tax benefit associated with the |
|
|
|
|
|
|
|
| exercise
of options |
--
|
--
|
13
|
--
|
--
|
--
|
|
|
| Balance at December 31, 1998 |
180.4
|
2
|
1,243
|
892
|
(343)
|
--
|
|
|
|
|
|
|
|
|
|
|
| Net income |
--
|
--
|
--
|
228
|
--
|
--
|
$ 228
|
| Foreign currency translation |
|
|
|
|
|
|
|
| adjustment |
--
|
--
|
--
|
--
|
(759)
|
--
|
(759)
|
|
|
|
|
|
|
|
|
| Comprehensive loss |
--
|
--
|
--
|
--
|
--
|
--
|
$ (531)
|
|
|
|
|
|
|
|
|
| Issuance of common stock through |
|
|
|
|
|
|
|
| public
offerings |
24.0
|
--
|
1,280
|
--
|
--
|
--
|
|
| Issuance of common stock pursuant |
|
|
|
|
|
|
|
| to acquisition
of NewEnergy |
0.9
|
--
|
48
|
--
|
--
|
--
|
|
| Issuance of common stock under |
|
|
|
|
|
|
|
| benefit
plans and exercise of stock |
|
|
|
|
|
|
|
| options
and warrants |
1.5
|
--
|
25
|
--
|
--
|
--
|
|
| Tax benefit associated with the |
|
|
|
|
|
|
|
| exercise
of options |
--
|
--
|
21
|
--
|
--
|
--
|
|
|
| Balance at December 31, 1999 |
206.8
|
$ 2
|
$ 2,617
|
$ 1,120
|
$ (1,102)
|
$ --
|
|
|
| 80 |