04-HP-876_newMDA.qxd 12/15/04 3:04 PM Page 57 Consolidated Statements of S hareholders’ Equity The accompanying notes are an integral part of these statements.  58 Treasury Stock Shares Amount Common Stock Shares Amount Additional Paid-in Capital Unearned Compensation Retained Earnings Accumulated Other Comprehensive  Income (Loss) Total (in thousands, except per share amounts)  Balance, September 30, 2001 53,529 $5,353 $80,324 $(1,812) $943,105 3,676 $(49,802) $49,309 $1,026,477 Comprehensive Income: Net Income 63,517 63,517 Other comprehensive loss:  Unrealized losses on available- for-sale securities, net  (25,449) (25,449) Derivatives instruments losses, net (68) (68) Minimum pension liability adjustment, net (7,612) (7,612) Total other comprehensive loss (33,129) Total comprehensive income 30,388 Distribution of Cimarex Energy Co. Stock (152,201) (152,201) Cash dividends ($.31 per share) (15,492) (15,492) Exercise of stock options 1,099 (181) 2,455 3,554 Forfeiture of Restricted Stock Award 88 156 23 (244) Tax benefit of stock-based awards 978 978 Amortization of deferred  compensation 1,466 1,466 Balance, September 30, 2002 53,529 5,353 82,489 (190) 838,929 3,518 (47,591) 16,180 895,170 Comprehensive Income: Net Income 17,873 17,873 Other comprehensive income:  Unrealized gains on available- for-sale securities, net  15,005 15,005 Derivatives instruments amort., net 982 982 Minimum pension liability adjustment, net 1,501 1,501 Total other comprehensive gain 17,488 Total comprehensive income 35,361 Cash dividends ($.32 per share) (16,026) (16,026) Exercise of stock options 441 (129) 1,753 2,194 Tax benefit of stock-based awards 372 372 Amortization of deferred  compensation 180 180 Balance, September 30, 2003 53,529 5,353 83,302 (10) 840,776 3,389 (45,838) 33,668 917,251 Comprehensive Income: Net Income 4,359 4,359 Other comprehensive income (loss):  Unrealized gains on available- for-sale securities, net  3,721 3,721 Derivatives instruments amort., net 72 72 Minimum pension liability adjustment, net (1,209) (1,209) Total other comprehensive gain 2,584 Comprehensive income 6,943 Cash dividends ($.3225 per share) (16,372) (16,372) Exercise of stock options 813 (305) 4,114 4,927 Tax benefit of stock-based awards 1,351 1,351 Amortization of deferred  compensation 10 10 Balance, September 30, 2004 53,529 $5,353 $85,466 $ – $828,763 3,084 $(41,724) $ 36,252 $ 914,110