Ally Bank 2012 Annual Report Download - page 110

108
($ in millions)
Common
stock and
paid-in
capital
Mandatorily
convertible
preferred
stock
held by
U.S.
Department
of Treasury Preferred stock Accumulated deficit
Accumulated
other
comprehensive
income Total equity
Balance at January 1, 2010 (a) $ 13,829 $ 10,893 $ 1,287 $ (5,732) $ 464 $ 20,741
Capital contributions 15 15
Net income 1,029 1,029
Preferred stock dividends - U.S. Department
of Treasury (963) (963)
Preferred stock dividends (282) (282)
Dividends to shareholders (11) (11)
Conversion of preferred stock and related
amendment (b) 5,824 (5,208) (616) —
Other comprehensive loss (205) (205)
Other (c) 74 74
Balance at December 31, 2010 (a) $ 19,668 $ 5,685 $ 1,287 $ (6,501) $ 259 $ 20,398
Net loss (157) (157)
Preferred stock dividends —
U.S. Department of Treasury (534) (534)
Preferred stock dividends (260) (260)
Series A preferred stock amendment (b) (32) 32 —
Other comprehensive loss (172) (172)
Other (c) 5 5
Balance at December 31, 2011 $ 19,668 $ 5,685 $ 1,255 $ (7,415) $ 87 $ 19,280
Net income 1,196 1,196
Preferred stock dividends —
U.S. Department of Treasury (535) (535)
Preferred stock dividends (267) (267)
Other comprehensive income 224 224
Balance at December 31, 2012 $ 19,668 $ 5,685 $ 1,255 $ (7,021) $ 311 $ 19,898
(a) Includes decreases of $46 million and $45 million, respectively, for the years ended December 31, 2010 and 2009, from previously reported balances for
the correction of immaterial errors. Refer to Note 1 for further detail.
(b) Refer to Note 18 to the Consolidated Financial Statements for further detail.
(c) Represents a reduction of the estimated payment accrued for tax distributions as a result of the completion of the GMAC LLC U.S. Return of Partnership
Income for the tax period January 1, 2009, through June 30, 2009.
The Notes to the Consolidated Financial Statements are an integral part of these statements.
Table of Contents
Consolidated Statement of Changes in Equity
Ally Financial Inc. • Form 10-K