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Below is the Stockholders' Equity section for Southwest Airlines. Use the information to answer the following questions. 1. During 2020, did Southwest issue any
Below is the Stockholders' Equity section for Southwest Airlines. Use the information to answer the following questions. 1. During 2020, did Southwest issue any shares of Common Stock? If so, amount of cash received when they issued the shares? what was the 2. Did Southwest pay any dividends to their shareholders in 2020? so, what was the amount? 3. Did Southwest repurchase any of its own stock (Treasury stock) during 2020? If so, what was the amount? 4. Did Southwest reissue any of its Treasury stock during the year? If so, what was the purpose of the reissuance of the stock? 5. Did the balance in Southwest's Accumulated Other Comprehensive Income (Loss) account increase or decrease in 2020; by what amount? Southwest Airlines Co. Consolidated Statement of Stockholders' Equity (in millions, except per share amounts) Year ended December 31, 2020, 2019, and 2018 Capital in Common excess of Stock par value Balance at December 31, 2017 (as reported) S 808 S 1,451 S Retained earnings Accumulated other comprehensive income (loss) Treasury stock Total 13,832 12 S (6,462) S 9,641 Cumulative effect of adopting Accounting Standards Update No. 2017-12, Targeted Improvements to Accounting for Hedging Activities Balance after adjustment for the new accounting standard S 808 1,451 18 13,850 (18) (6) S (6,462) S 9,641 Repurchase of common stock (2,000) (2,000) Issuance of common and treasury stock pursuant to Employee stock plans 13 10 23 Share-based compensation 46 46 Cash dividends, $0.605 per share (348) (348) Comprehensive income 2,465 26 2,491 Balance at December 31, 2018 (as reported) 808 1,510 15,967 20 (8,452) $ 9,853 Cumulative effect of adopting Accounting Standards Update No. 2016-02, Leases, codified in Accounting Standards Codification 842 (See Note 3 to the Consolidated Financial Statements for additional information) 55 Balance after adjustment for the new accounting standard $ 808 1,510 16,022 20 Repurchase of common stock (8,452) $ (2,000) 55 9,908 (2,000) Issuance of common and treasury stock pursuant to Employee stock plans 16 11 27 Share-based compensation 55 55 Cash dividends, $0.700 per share (377) (377) Comprehensive income 2,300 (81) 2,219 Balance at December 31, 2019 808 1,581 17,945 (61) $ (10,441) $ 9,832 Repurchase of common stock (451) (451) Issuance of common stock, net of issuance costs 80 2,144 2,224 Issuance of common and treasury stock pursuant to Employee stock plans 17 17 34 Share-based compensation 17 17 Cash dividends, $0.180 per share (94) (94) Stock warrants 40 40 Equity feature of convertible notes, net of issuance costs Comprehensive loss 392 392 (3,074) Balance at December 31, 2020 888 S 4,191 14,777 (44) (105) (3,118) (10,875) $ 8,876 See accompanying notes.
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