Capital One 2008 Annual Report Download - page 101

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83
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY
Common Stock
(In Thousands, Except Per Share Data) Shares
Amount
Preferred Stock
Paid-In Capital,
Net
Retained
Earnings
Cumulative Other
Comprehensive
Income (Loss)
Treasury
Stock
Total
Stockholders
Equity
Balance, December 31, 2005 ............................................................................................................... 302,786,444 3,028 6,848,544 7,378,015 6,129 (106,802 ) 14,128,914
Comprehensive income: ........................................................................................................................
Net income ..................................................................................................................................... 2,414,493 2,414,493
Other comprehensive income (loss), net of income tax: ...............................................................
Unrealized gains on securities, net of income taxes of $16,635 ............................................ 24,119 24,119
Recognition of additional minimum pension liability, net of income tax benefit of $1,851 . (1,903 ) (1,903 )
Foreign currency translation adjustments............................................................................... 246,066 246,066
Unrealized losses on cash flow hedging instruments, net of income tax benefit of $6,750 .. (13,573 ) (13,573 )
Other comprehensive income ........................................................................................................ 254,709 254.709
Comprehensive income ......................................................................................................................... 2,669,202
Adjustment to initially apply FASB Statement No. 158, net of income taxes of $2,876 ..................... 5,342 5,342
Cash dividends$0.11 per share.......................................................................................................... (32,324 ) (32,324 )
Purchase of treasury stock..................................................................................................................... (21,615 ) (21,615 )
Issuances of common stock and restricted stock, net of forfeitures...................................................... 1,550,117 16 31,395 31,411
Exercise of stock options and tax benefits of exercises and restricted stock vesting ........................... 3,934,592 39 261,139 261,178
Compensation expense for restricted stock awards and stock options ................................................. 180,261 180,261
Adjustment to issuance of common stock for acquisition .................................................................... 103,948,820 1,039 8,006,458 8,007,497
Allocation of ESOP shares .................................................................................................................... 5,340 5,340
Balance, December 31, 2006 ............................................................................................................... 412,219,973 4,122 15,333,137 9,760,184 266,180 (128,417 ) 25,235,206
Cumulative effect from adoption of FIN 48.......................................................................................... (29,702 ) (29,702 )
Cumulative effect from adoption of FAS 156, net of income taxes of $6,378..................................... 8,809 8,809
Comprehensive income: ........................................................................................................................
Net income ..................................................................................................................................... 1,570,332 1,570,332
Other comprehensive income (loss), net of income tax: ...............................................................
Unrealized gains on securities, net of income tax of $25,780................................................ 56,413 56,413
Defined benefit plans, net of income taxes of $17,675 .......................................................... 29,407 29,407
Foreign currency translation adjustments............................................................................... 83,499 83,499
Unrealized losses on cash flow hedging instruments, net of income tax benefit of $63,804 (120,251 ) (120,251 )
Other comprehensive income ........................................................................................................ 49,068 49,068
Comprehensive income ......................................................................................................................... 1,619,400
Cash dividends$0.11 per share.......................................................................................................... (42,055 ) (42,055 )
Purchase of treasury stock..................................................................................................................... (3,024,969 ) (3,024,969 )
Issuances of common stock and restricted stock, net of forfeitures...................................................... 1,916,402 20 37,182 37,202
Exercise of stock options and tax benefits of exercises and restricted stock vesting ........................... 5,225,783 51 301,921 301,972
Compensation expense for restricted stock awards and stock options ................................................. 192,422 192,422
Adjustment to issuance of common stock for acquisition .................................................................... (137,258 ) (1 ) (10,463 ) (10,464 )
Allocation of ESOP shares .................................................................................................................... 6,291 6,291
Balance, December 31, 2007 ............................................................................................................... 419,224,900 $ 4,192 $15,860,490 $11,267,568 $ 315,248 $ (3,153,386 ) $ 24,294,112
Adjustment to initially apply the measurement date provisions of FAS 158, net of income tax
benefit of $317 ............................................................................................................................... 572 (1,161 ) (589 )
Comprehensive income: ........................................................................................................................
Net income (loss) ........................................................................................................................... (45,998 ) (45,998 )
Other comprehensive income (loss), net of income tax: ...............................................................
Unrealized losses on securities, net of income tax benefit of $421,011 ................................ (805,367 ) (805,367 )
Defined benefit pension plans, net of net income tax benefit of $54,,907............................. (75,432 ) (75,432 )
Foreign currency translation adjustments............................................................................... (602,908 ) (602,908 )
Unrealized gains in cash flow hedging instruments, net of income taxes of $28,095 ........... (52,176 ) (52,176 )
Other comprehensive income (loss) .............................................................................................. (1,535,883 ) (1,535,883 )
Comprehensive income (loss) ............................................................................................................... (1,581,881 )
Cash dividends-Common stock $1.50 per share ................................................................................... (568,255 ) (568,255 )
Cash dividends-Preferred stock 5% per annum .................................................................................... 22,714 (22,714 )
Purchase of treasury stock..................................................................................................................... (12,501 ) (12,501 )
Issuances of common stock and restricted stock, net of forfeitures...................................................... 17,290,281 173 767,166 767,339
Exercise of stock options and tax benefits of exercises and restricted stock vesting 1,919,054 19 59,264 59,283
Issuance of preferred stock and warrant .............................................................................................. 3,063,743 491,456 3,555,199
Accretion of preferred stock discount ............................................................................................... 10,009 (10,009 )