Citibank 2010 Annual Report Download - page 156

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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 2010 2009 2008 2010 2009 2008
Preferred stock at aggregate liquidation value
Balance, beginning of year $ 312 $ 70,664 $ — 12 829 —
Redemption or retirement of preferred stock —(74,005) — —(824) —
Issuance of new preferred stock —3,530 70,627 —7 829
Preferred stock Series H discount accretion —123 37 —— —
Balance, end of year $ 312 $ 312 $ 70,664 12 12 829
Common stock and additional paid-in capital
Balance, beginning of year $ 98,428 $ 19,222 $ 18,062 28,626,100 5,671,744 5,477,416
Employee benefit plans (736) (4,395) (1,921) 467,027 — —
Issuance of new common stock —— 4,911 —— 194,328
Conversion of preferred stock to common stock —61,963 — —17,372,588 —
Reset of convertible preferred stock conversion price —1,285 — —— —
Issuance of shares and T-DECs for TARP repayment —20,298 — 12,698 5,581,768 —
Issuance of shares for Nikko Cordial acquisition —— (3,500) —— —
Issuance of TARP-related warrants —88 1,797 —— —
ADIA Upper Decs Equity Units Purchase Contract 3,750 — — 117,810 — —
Other (126) (33) (127) 381 — —
Balance, end of year $101,316 $ 98,428 $ 19,222 29,224,016 28,626,100 5,671,744
Retained earnings
Balance, beginning of year $ 77,440 $ 86,521 $121,769
Adjustment to opening balance, net of taxes (1) (2) (8,483) 413 —
Adjusted balance, beginning of period $ 68,957 $ 86,934 $121,769
Net income (loss) 10,602 (1,606) (27,684)
Common dividends (3) 10 (36) (6,050)
Preferred dividends (9) (3,202) (1,477)
Preferred stock Series H discount accretion —(123) (37)
Reset of convertible preferred stock conversion price —(1,285) —
Conversion of preferred stock to common stock —(3,242) —
Other (1) — —
Balance, end of year $ 79,559 $ 77,440 $ 86,521
Treasury stock, at cost
Balance, beginning of year $ (4,543) $ (9,582) $ (21,724) (142,833) (221,676) (482,835)
Issuance of shares pursuant to employee benefit plans 3,106 5,020 4,270 (21,280) 79,247 84,724
Treasury stock acquired (4) (6) (3) (7) (1,622) (971) (343)
Issuance of shares for Nikko acquisition —— 7,858 —— 174,653
Issuance of shares for Grupo Cuscatlán acquisition —— — —— —
Issuance of shares for ATD acquisition —— — —— —
Other 122 21 79 567 2,125
Balance, end of year $ (1,442) $ (4,543) $ (9,582) (165,656) (142,833) (221,676)
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