Capital One 2011 Annual Report Download - page 156

CAPITAL ONE FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Common Stock Preferred
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
(Loss)
Treasury
Stock
Total
Stockholders’
Equity(Dollars in millions, except per share data) Shares Amount
Balance as of December 31, 2008 ............ 438,434,235 $4 $ 3,096 $17,278 $10,621 $(1,222) $(3,166) $26,611
Comprehensive income: .....................
Net income ............................... 884 884
Other comprehensive income (loss), net of tax:
Unrealized gains on securities, net of taxes of
$520 million ........................ 996 996
Postretirement benefit plan adjustments, net
of taxes of $7 million ................. 13 13
Net change in foreign currency translation
adjustments ......................... 202 202
Net unrealized gains related to cash flow
hedge relationships, net of taxes of $61
million ............................ 94 94
Other comprehensive income ............. 1,305 1,305
Total comprehensive income ................. 2,189
Cash dividends—common stock $0.53 per
share .................................. (214) (214)
Cash dividends—preferred stock 5% per
annum ................................. (23) (82) (105)
Purchases of treasury stock .................. (14) (14)
Issuances of common stock and restricted stock,
net of forfeitures ......................... 61,041,008 1 1,535 1,536
Exercise of stock options and tax benefits of
exercises and restricted stock vesting ........ 358,552 (6) (6)
Accretion of preferred stock discount .......... 34 (34) 0
Redemption of preferred stock ................ (3,107) (448) (3,555)
Compensation expense for restricted stock awards
and stock options ........................ 116 116
Issuance of common stock for acquisition ....... 2,560,601 31 31
Allocation of ESOP shares ................... 1 1
Balance as of December 31, 2009 ............ 502,394,396 $5 $ 0 $18,955 $10,727 $ 83 $(3,180) $26,590
Cumulative effect from January 1, 2010 adoption
of new consolidation accounting standards, net
of taxes ................................ (2,957) (16) (2,973)
Cumulative effect from July 1, 2010 adoption of
new embedded credit derivatives accounting
standard, net of taxes ..................... (16) (16)
Comprehensive income:
Net income ............................... 2,743 2,743
Other comprehensive income (loss), net of tax:
Unrealized gains on securities, net of taxes of $48
million ................................ 134 134
Other-than-temporary impairment not recognized
in earnings on securities, net of taxes of $27
million ................................ 49 49
Foreign currency translation adjustments . . . (10) (10)
Unrealized gains in cash flow hedge
instruments, net of taxes of $5 million .... 8 8
Other comprehensive income ............. 181 181
Total comprehensive income ................. 2,924
Cash dividends—common stock $0.20 per
share .................................. (91) (91)
Purchases of treasury stock .................. (22) (22)
Issuances of common stock and restricted stock,
net of forfeitures ......................... 1,823,652 30 30
Exercise of stock options and tax benefits of
exercises and restricted stock vesting ........ 583,016 3 3
Compensation expense for restricted stock awards
and stock options ........................ 96 96
Balance as of December 31, 2010 ............ 504,801,064 $5 $ 0 $19,084 $10,406 $ 248 $(3,202) $26,541
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