CVS 2014 Annual Report Download - page 58

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CVS Health
56
Consolidated Statements of Shareholders’ Equity
SHARES DOLLARS
YEAR ENDED DECEMBER 31, YEAR ENDED DECEMBER 31,
IN MILLIONS 2014 2013 2012 2014 2013 2012
Common stock:
Beginning of year
1,680
1,667 1,640
$ 17
$ 17 $ 16
Stock options exercised and issuance of
stock awards
11
13 27 — — 1
End of year
1,691
1,680 1,667
$ 17
$ 17 $ 17
Treasury stock:
Beginning of year
(500)
(435) (340)
$ (20,169
) $ (16,270) $ (11,953)
Purchase of treasury shares
(51)
(66) (95)
(4,001)
(3,976) (4,330)
Employee stock purchase plan issuances
1
1 1
92
77 47
Transfer of shares from shares held in trust
—
— (1) — — (34)
End of year
(550)
(500) (435)
$ (24,078)
$ (20,169) $ (16,270)
Shares held in trust:
Beginning of year
(1)
(1) (2)
$ (31)
$ (31) $ (56)
Transfer of shares to treasury stock
—
— 1
—
— 25
End of year
(1)
(1) (1)
$ (31)
$ (31) $ (31)
Capital surplus:
Beginning of year
$ 29,777
$ 29,120 $ 28,126
Stock option activity and stock awards
535
588 955
Excess tax benefit on stock options and
stock awards
106
69 28
Transfer of shares held in trust to treasury stock
—
— 9
Purchase of noncontrolling interest in subsidiary
—
— 2
End of year
$ 30,418
$ 29,777 $ 29,120
Retained earnings:
Beginning of year
$ 28,493
$ 24,998 $ 22,052
Changes in inventory accounting principles
—
— (89)
Net income attributable to CVS Health
4,644
4,592 3,864
Common stock dividends
(1,288)
(1,097) (829)
End of year
$ 31,849
$ 28,493 $ 24,998
Accumulated other comprehensive loss:
Beginning of year
$ (149)
$ (181) $ (172)
Foreign currency translation adjustments,
net of tax
(35)
(30) —
Net cash flow hedges, net of tax
4
3 3
Pension and other postretirement benefits,
net of tax
(37)
59 (12)
End of year
$ (217)
$ (149) $ (181)
Total CVS Health shareholders’ equity
$ 37,958
$ 37,938 $ 37,653
Noncontrolling interest:
Beginning of year
$ —
$ — $ —
Business combinations
5
— —
End of year
$ 5
$ — $ —
Total shareholders’ equity
$ 37,963
$ 37,938 $ 37,653
See accompanying notes to consolidated financial statements.