Citibank 2008 Annual Report Download - page 124
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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY Citigroup Inc. and Subsidiaries
Year ended December 31
Amounts Shares
In millions of dollars, except shares in thousands 2008 2007 2006 2008 2007 2006
Preferred stock at aggregate liquidation value
Balance, beginning of year $—$ 1,000 $ 1,125 —4,000 4,250
Redemption or retirement of preferred stock —(1,000) (125) —(4,000) (250)
Issuance of new preferred stock 70,664 ——829 ——
Balance, end of year $ 70,664 $ — $ 1,000 829 — 4,000
Common stock and additional paid-in capital
Balance, beginning of year $ 18,062 $ 18,308 $ 17,538 5,477,416 5,477,416 5,477,416
Employee benefit plans (1,921) 455 769 ———
Issuance of new common stock 4,911 ——194,328 ——
Issuance of shares for Nikko acquisition (3,500) —— ———
Issuance of TARP I & II warrants 1,797 —— ———
Issuance of shares for Grupo Cuscatlán acquisition —118 — ———
Issuance of shares for ATD acquisition —74 — ———
Present value of stock purchase contract payments —(888) — ———
Other (127) (5) 1 ———
Balance, end of year $ 19,222 $ 18,062 $ 18,308 5,671,744 5,477,416 5,477,416
Retained earnings
Balance, beginning of year (1) $121,769 $129,116 $117,404
Adjustment to opening balance, net of taxes (2) —(186) —
Adjusted balance, beginning of period $121,769 $128,930 $117,404
Net income (loss) (27,684) 3,617 21,538
Common dividends (3) (6,050) (10,733) (9,761)
Preferred dividends (1,514) (45) (65)
Balance, end of year $86,521 $121,769 $129,116
Treasury stock, at cost
Balance, beginning of year $ (21,724) $ (25,092) $ (21,149) (482,835) (565,422) (497,192)
Issuance of shares pursuant to employee benefit plans 4,270 2,853 3,051 84,724 68,839 75,631
Treasury stock acquired (4) (7) (663) (7,000) (343) (12,463) (144,033)
Issuance of shares for Nikko acquisition 7,858 ——174,653 ——
Issuance of shares for Grupo Cuscatlán acquisition —637 — —14,192 —
Issuance of shares for ATD acquisition —503 — —11,172 —
Other 21 38 6 2,125 847 172
Balance, end of year $ (9,582) $ (21,724) $ (25,092) (221,676) (482,835) (565,422)
(Statement continues on next page)
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