Bank of America 2009 Annual Report Download - page 130

Bank of America Corporation and Subsidiaries
Consolidated Statement of Changes in Shareholders’ Equity
(Dollars in millions, shares in thousands) Preferred
Stock
Common Stock and
Additional Paid-in
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income
(Loss) Other
Total
Shareholders’
Equity
Comprehensive
Income (Loss)Shares Amount
Balance, December 31, 2006 $ 2,851 4,458,151 $ 61,574 $ 79,024 $ (7,711) $(466) $135,272
Cumulative adjustment for accounting changes:
Leveraged leases (1,381) (1,381)
Fair value option and measurement (208) (208)
Income tax uncertainties (146) (146)
Net income 14,982 14,982 $14,982
Net change in available-for-sale debt and marketable
equity securities 9,269 9,269 9,269
Net change in foreign currency translation adjustments 149 149 149
Net change in derivatives (705) (705) (705)
Employee benefit plan adjustments 127 127 127
Dividends paid:
Common (10,696) (10,696)
Preferred (182) (182)
Issuance of preferred stock 1,558 1,558
Common stock issued under employee plans and
related tax effects 53,464 2,544 10 2,554
Common stock repurchased (73,730) (3,790) (3,790)
Balance, December 31, 2007 4,409 4,437,885 60,328 81,393 1,129 (456) 146,803 23,822
Net income 4,008 4,008 4,008
Net change in available-for-sale debt and marketable
equity securities (8,557) (8,557) (8,557)
Net change in foreign currency translation adjustments (1,000) (1,000) (1,000)
Net change in derivatives 944 944 944
Employee benefit plan adjustments (3,341) (3,341) (3,341)
Dividends paid:
Common (10,256) (10,256)
Preferred (1,272) (1,272)
Issuance of preferred stock and stock warrants 33,242 1,500 34,742
Stock issued in acquisition 106,776 4,201 4,201
Issuance of common stock 455,000 9,883 9,883
Common stock issued under employee plans and
related tax effects 17,775 854 43 897
Other 50 (50) –
Balance, December 31, 2008 37,701 5,017,436 76,766 73,823 (10,825) (413) 177,052 (7,946)
Cumulative adjustment for accounting change:
Other-than-temporary impairment on debt securities 71 (71) –
Net income 6,276 6,276 6,276
Net change in available-for-sale debt and marketable
equity securities 3,593 3,593 3,593
Net change in foreign currency translation adjustments 211 211 211
Net change in derivatives 923 923 923
Employee benefit plan adjustments 550 550 550
Dividends paid:
Common (326) (326)
Preferred (4,537) (4,537)
Issuance of preferred stock and stock warrants 26,800 3,200 30,000
Repayment of preferred stock (41,014) (3,986) (45,000)
Issuance of Common Equivalent Securities 19,244 19,244
Stock issued in acquisition 8,605 1,375,476 20,504 29,109
Issuance of common stock 1,250,000 13,468 13,468
Exchange of preferred stock (14,797) 999,935 14,221 576 –
Common stock issued under employee plans and
related tax effects 7,397 575 308 883
Other 669 (664) (7) (2)
Balance, December 31, 2009 $ 37,208 8,650,244 $128,734 $ 71,233 $ (5,619) $(112) $231,444 $11,553
See accompanying Notes to Consolidated Financial Statements.
128 Bank of America 2009