Aflac 2009 Annual Report Download - page 56

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Consolidated Statements of Shareholders’ Equity Aac Incorporated and Subsidiaries
(In millions, except for per-share amounts) Years Ended December 31, 2009 2008 2007
Common stock:
Balance, beginning of period $ 66 $ 66 $ 66
Balance, end of period 66 66 66
Additional paid-in capital:
Balance, beginning of period 1,184 1,054 895
Exercise of stock options 11 44 74
Share-based compensation 35 40 39
Gain on treasury stock reissued (2) 46 46
Balance, end of period 1,228 1,184 1,054
Retained earnings:
Balance, beginning of period 11,306 10,637 9,304
Net earnings 1,497 1,254 1,634
Dividends to shareholders ($.84 per share in 2009,
$1.24 per share in 2008, and $.615 per share in 2007) (393) (585) (301)
Balance, end of period 12,410 11,306 10,637
Accumulated other comprehensive income:
Balance, beginning of period (582) 934 1,426
Change in unrealized foreign currency translation gains (losses) during period,
net of income taxes 26 621 75
Change in unrealized gains (losses) on investment
securities during period, net of income taxes:
Change in unrealized gains (losses) on investment securities
not other-than-temporarily impaired, net of income taxes 587 (2,085) (576)
Change in unrealized gains (losses) on other-than-temporarily
impaired investment securities, net of income taxes (16) – –
Total change in unrealized gains (losses) on investment
securities during period, net of income taxes 571 (2,085) (576)
Pension liability adjustment during period, net of income taxes 14 (52) 9
Balance, end of period 29 (582) 934
Treasury stock:
Balance, beginning of period (5,335) (3,896) (3,350)
Purchases of treasury stock (10) (1,490) (606)
Cost of shares issued 29 51 60
Balance, end of period (5,316) (5,335) (3,896)
Total shareholders’ equity $ 8,417 $ 6,639 $ 8,795
See the accompanying Notes to the Consolidated Financial Statements.
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