Dow Chemical 2013 Annual Report Download - page 95
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73
The Dow Chemical Company and Subsidiaries
Consolidated Statements of Equity
(In millions) For the years ended December 31 2013 2012 2011
Preferred Stock
Balance at beginning of year and end of year $ 4,000 $ 4,000 $ 4,000
Common Stock
Balance at beginning of year 3,008 2,961 2,931
Common stock issued 46 47 30
Balance at end of year 3,054 3,008 2,961
Additional Paid-in Capital
Balance at beginning of year 3,281 2,663 2,286
Common stock issued 340 248 206
Stock-based compensation and allocation of ESOP shares 307 370 171
Balance at end of year 3,928 3,281 2,663
Retained Earnings
Balance at beginning of year 18,495 19,087 17,736
Net income available for The Dow Chemical Company common stockholders 4,447 842 2,402
Dividends declared on common stock (per share - 2013: $1.28; 2012: $1.21;
2011: $0.90) (1,520)(1,419)(1,037)
Dividend equivalents on participating securities (15) (15) (14)
Balance at end of year 21,407 18,495 19,087
Accumulated Other Comprehensive Loss
Balance at beginning of year (7,516) (5,996) (4,399)
Other comprehensive income (loss) 2,689 (1,520) (1,597)
Balance at end of year (4,827) (7,516) (5,996)
Unearned ESOP Shares
Balance at beginning of year (391) (434) (476)
Shares acquired (11) (11) (5)
Shares allocated to ESOP participants 45 54 47
Balance at end of year (357) (391) (434)
Treasury Stock
Balance at beginning of year — — (239)
Purchases (307) — (19)
Issuance to employees and employee plans — — 258
Balance at end of year (307) — —
The Dow Chemical Company’s Stockholders’ Equity 26,898 20,877 22,281
Noncontrolling Interests
Balance at beginning of year 990 1,010 803
Net income (loss) attributable to noncontrolling interests 29 (82) 42
Distributions to noncontrolling interests (55) (73) (43)
Capital contributions (noncash - 2013: $-; 2012: $97; 2011: $-) 58 97 37
Consolidation of variable interest entities — 37 31
Conversion of note payable to preferred shares of a subsidiary — — 158
Cumulative translation adjustments (43) — (18)
Deconsolidation of noncontrolling interest 52 — —
Other (5) 1 —
Balance at end of year 1,026 990 1,010
Total Equity $ 27,924 $ 21,867 $ 23,291
See Notes to the Consolidated Financial Statements.