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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (5078)1/21/2003 10:44:49 AM
From: BWAC  Respond to of 25522
 
<What am I missing?>

One of the same things I originally missed. The stock repurchased was cancelled. It no longer exists. Cash was paid to cancel the stock, rather than accounting for it as Treasury stock. Since they spent more on stock repurchase than made in earnings, the Stockholder Equity decreased.

If the shares were not cancelled and instead recorded as treasury stock the SE would have increased by the earnings amount.

That is the "how" of where the SE went, despite having earnings.



To: Pink Minion who wrote (5078)1/21/2003 1:37:28 PM
From: BWAC  Respond to of 25522
 
From this link you provided: edgar-online.com

Go way down to the bottom almost, find Consolidated Statements of Stockholders Equity. It will clearly show that earnings increase SE, and the buyback reduces SE. Plus a few other items of interest like Dividends reducing SE, Option exercises increasing SE, etc.

But you will clearly find that the main reduction element is the repurchase/retirement of shares.


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