STATEMENT OF CONSOLIDATED CHANGES IN PREFERRED STOCK, COMMON STOCK AND CAPITAL IN EXCESS OF PAR VALUE STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME See accompanying notes to consolidated GLYPH<222>nancial statements. For the Years Ended December 31 Millions of dollars 2003 2002 2001 COMPONENTS OF COMPREHENSIVE INCOME (LOSS) Net income (loss) $643 $(218) $ 914 Change in foreign currency translation adjustment 13 34 (2) Additional minimum pension liability, after tax (1) (71) GLYPH<209> Deferred gains (losses) on oil and gas cash flow hedges, after tax FAS 133 transition adjustment GLYPH<209> GLYPH<209> 100 Reclassification of deferred hedging to income 203 (56) (74) Net change in fair value of cash flow hedges (311) (269) 223 COMPREHENSIVE INCOME (LOSS) $547 $(580) $1,161 Pr eferred Stock Common Stock Capital in Number of Number of excess of Millions of dollars; thousands of shares shar es Amount shares Amount par value BALANCE AT JANUARY 1, 2001 327 $ GLYPH<209> 88,744 $89 $ 864 Distributions to trustee of nonvested  common stock awards (net) GLYPH<209> GLYPH<209> 38 GLYPH<209> 1 Common stock acquired and retired GLYPH<209> GLYPH<209> (1,078) (1) (11) Employee stock options exercised GLYPH<209> GLYPH<209> 1,053 1 69 Warrants purchased GLYPH<209> GLYPH<209> GLYPH<209> GLYPH<209> (20) BALANCE AT DECEMBER 31, 2001 327 GLYPH<209> 88,757 89 903 Cancellations of nonvested common  stock awards (net) GLYPH<209> GLYPH<209> (55) GLYPH<209> (3) Employee stock options exercised GLYPH<209> GLYPH<209> 491 GLYPH<209> 32 BALANCE AT DECEMBER 31, 2002 327 GLYPH<209> 89,193 89 932 Issuance of preferred stock 13,500 14 GLYPH<209> GLYPH<209> 639 Distributions to trustee of nonvested  common stock awards (net) GLYPH<209> GLYPH<209> 675 1 32 BALANCE AT DECEMBER 31, 2003 13,827 $14 89,868 $90 $1,603 Amerada Hess Corporation and Consolidated Subsidiaries 39