Capital One 2014 Annual Report Download - page 155

CAPITAL ONE FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Accumulated
Preferred Stock Common Stock Additional Other Total
Paid-In Retained Comprehensive Treasury Stockholders’
(Dollars in millions, except per share data) Shares Amount Shares Amount Capital Earnings(1) Income (Loss) Stock Equity
Balance as of December 31, 2011 . . . . . . . 0 $ 0 508,594,308 $ 5 $ 19,274 $ 13,413 $ 169 $(3,244)$ 29,617
Comprehensive income . . . . . . . . . . . . . . . . 3,492 570 4,062
Cash dividends—common stock
$0.20 per share . . . . . . . . . . . . . . . . . . . . (111) (111)
Cash dividends—preferred series B stock
6% per annum . . . . . . . . . . . . . . . . . . . . . (15) (15)
Purchases of treasury stock . . . . . . . . . . . . . (43) (43)
Issuances of common stock and restricted
stock, net of forfeitures . . . . . . . . . . . . . . 67,368,854 0 3,233 3,233
Issuance of common stock related to
acquisition . . . . . . . . . . . . . . . . . . . . . . . . 54,028,086 1 2,637 2,638
Exercise of stock options, tax benefits of
exercises and restricted stock vesting . . . 1,815,337 0 80 80
Issuance of preferred stock (series B) . . . . . 875,000 0 853 853
Compensation expense for restricted stock
awards and stock options . . . . . . . . . . . . 111 111
Balance as of December 31, 2012 . . . . . . . 875,000 $ 0 631,806,585 $ 6 $ 26,188 $ 16,779 $ 739 $(3,287) $ 40,425
Comprehensive income (loss) . . . . . . . . . . . 4,121 (1,611) 2,510
Cash dividends—common stock $0.95
per share . . . . . . . . . . . . . . . . . . . . . . . . . (555) (555)
Cash dividends—preferred series B stock
6% per annum . . . . . . . . . . . . . . . . . . . . . (53) (53)
Purchases of treasury stock . . . . . . . . . . . . . (1,033) (1,033)
Issuances of common stock and restricted
stock, net of forfeitures . . . . . . . . . . . . . . 3,049,705 0 81 81
Exercise of stock options, tax benefits of
exercises and restricted stock vesting . . . 2,295,510 0 114 114
Compensation expense for restricted stock
awards and stock options . . . . . . . . . . . . 143 143
Balance as of December 31, 2013 . . . . . . . 875,000 $ 0 637,151,800 $ 6 $ 26,526 $ 20,292 $ (872) $(4,320) $ 41,632
Comprehensive income . . . . . . . . . . . . . . . . 4,428 442 4,870
Cash dividends—common stock $1.20
per share . . . . . . . . . . . . . . . . . . . . . . . . . (680) (680)
Cash dividends—preferred series B stock
6.00%, series C stock 6.25% per annum (67) (67)
Purchases of treasury stock . . . . . . . . . . . . . (2,045) (2,045)
Issuances of common stock and restricted
stock, net of forfeitures . . . . . . . . . . . . . . 1,373,725 0 100 100
Exercise of stock options and warrants,
tax benefits of exercises and restricted
stock vesting . . . . . . . . . . . . . . . . . . . . . . 5,031,523 0 146 146
Issuances of preferred stock (series C and
series D) . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000 0 969 969
Compensation expense for restricted stock
awards and stock options . . . . . . . . . . . . 128 128
Balance as of December 31, 2014 . . . . . . . 1,875,000 $ 0 643,557,048 $ 6 $ 27,869 $ 23,973 $ (430) $(6,365) $ 45,053
(1) Retained earnings as of December 31, 2013, 2012 and 2011 includes the cumulative impact of $112 million, $74 million and $49 million,
respectively resulting from the adoption of ASU 2014-01 “Accounting For Investments in Qualified Affordable Housing Projects”
(Investments in Qualified Affordable Housing Projects). See “Note 1—Summary of Significant Accounting Policies” for additional
information.
133
See Notes to Consolidated Financial Statements.
Capital One Financial Corporation (COF)