AIG 2005 Annual Report Download - page 127

AMERICAN INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
Consolidated Statement of Shareholders’ Equity
Years Ended December 31,
(in millions, except per share data) 2005 2004 2003
Common stock:
Balance at beginning of year $ 6,878 $ 6,878 $ 6,878
Issued under stock plans –––
Balance at end of year 6,878 6,878 6,878
Additional paid-in capital:
Balance at beginning of year 2,094 2,028 1,783
Excess of cost over proceeds of common stock issued under stock plans (91) (105) (76)
Other 336 171 321
Balance at end of year 2,339 2,094 2,028
Retained earnings:
Balance at beginning of year 63,468 54,384 46,908
Net income 10,477 9,839 8,108
Dividends to common shareholders ($0.63, $0.29 and $0.24 per share, respectively) (1,615) (755) (632)
Balance at end of year 72,330 63,468 54,384
Accumulated other comprehensive income (loss):
Balance at beginning of year 9,444 7,337 4,077
Unrealized (depreciation) appreciation of investments – net of reclassification adjustments (3,577) 1,868 4,159
Deferred income tax benefit (expense) on changes 1,599 (612) (1,237)
Foreign currency translation adjustments (926) 993 347
Applicable income tax benefit (expense) on above changes 386 (170) 4
Net derivative gains arising from cash flow hedging activities 35 83 75
Deferred income tax expense on above changes (7) (33) (22)
Retirement plan liabilities adjustment, net of tax 13 (22) (66)
Other comprehensive income (2,477) 2,107 3,260
Balance at end of year 6,967 9,444 7,337
Treasury stock, at cost:
Balance at beginning of year (2,211) (1,397) (1,343)
Cost of shares acquired during year (176) (1,083) (207)
Issued under stock plans 173 263 151
Other 17 62
Balance at end of year (2,197) (2,211) (1,397)
Total shareholders’ equity at end of year $86,317 $79,673 $69,230
See Accompanying Notes to Consolidated Financial Statements.
AIG m Form 10-K 75