Eversource 2009 Annual Report Download - page 87

FS-6
NORTHEAST UTILITIES AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Years Ended December 31,
(Thousands of Dollars) 2009 2008 2007
Net Income $ 335,592 $ 266,387 $ 252,042
Other comprehensive (loss)/income, net of tax:
Qualified cash flow hedging instruments 200 (6,909) (3,591)
Changes in unrealized gains/losses on other securities (976) (1,669) (101)
Change in funded status of pension, SERP and other
postretirement benefit plans (5,426) (38,046) 8,553
Other comprehensive (loss)/income, net of tax (6,202) (46,624) 4,861
Comprehensive income attributable to noncontrolling interest (5,559) (5,559) (5,559)
Comprehensive Income Attributable to Controlling Interest $ 323,831 $ 214,204 $ 251,344
The accompanying notes are an integral part of these consolidated financial statements.
NORTHEAST UTILITIES AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Deferred Accumulated Total
Capital Contribution Other Common
Common Shares Surplus, Plan - Retained Comprehensive Treasury Shareholders'
(Thousands of Dollars, except share information) Shares Amount Paid In ESOP Earnings Income/(Loss) Stock Equity
Balance as of
January 1, 2007 154,233,141 $ 877,101 $ 1,449,586 $ (34,766) $ 862,660 $ 4,498 $ (360,900) $ 2,798,179
Adoption of accounting guidance for uncertain
tax positions (41,816) (41,816)
Net income 252,042 252,042
Dividends on common shares - $0.775 per share (120,535) (120,535)
Issuance of common shares, $5 par value 504,455 2,522 6,534 9,056
Dividends on preferred shares of CL&P (5,559) (5,559)
Allocation of benefits - ESOP 363,470 2,129 8,414 10,543
Change in restricted shares, net (21,104) 4,368 (627) 3,741
Change in treasury stock (192) 6 (6) -
Tax deduction for stock options exercised and
Employee Stock Purchase
Plan disqualifying dispositions 3,183 3,183
Capital stock expenses, net 140 140
Other comprehensive income 4,861 4,861
Balance as of
December 31, 2007 155,079,770 879,623 1,465,946 (26,352) 946,792 9,359 (361,533) 2,913,835
Net income 266,387 266,387
Dividends on common shares - $0.825 per share (129,026) (129,026)
Issuance of common shares, $5 par value 287,581 1,438 4,086 5,524
Dividends on preferred shares of CL&P (5,559) (5,559)
Allocation of benefits - ESOP 469,601 865 10,871 11,736
Change in restricted shares, net (2,591) 2,436 (70) 2,366
Tax deduction for stock options exercised and
Employee Stock Purchase
Plan disqualifying dispositions 1,622 1,622
Capital stock expenses, net 51 51
Other comprehensive loss (46,624) (46,624)
Balance as of
December 31, 2008 155,834,361 881,061 1,475,006 (15,481) 1,078,594 (37,265) (361,603) 3,020,312
Adoption of accounting guidance for other-than-
temporary impairments (Note 1D) 728 (728) -
Net income 335,592 335,592
Dividends on common shares - $0.95 per share (162,812) (162,812)
Issuance of common shares, $5 par value 19,242,939 96,215 293,502 389,717
Dividends on preferred shares of CL&P (5,559) (5,559)
Allocation of benefits - ESOP 542,724 (98) 12,537 12,439
Change in restricted shares, net 5,303 5,303
Tax deduction for stock options exercised and
Employee Stock Purchase
Plan disqualifying dispositions 913 913
Capital stock expenses, net (12,529) (12,529)
Other comprehensive loss (5,474) (5,474)
Balance as of
December 31, 2009 175,620,024 $ 977,276 $ 1,762,097 $ (2,944) $ 1,246,543 $ (43,467) $ (361,603) $ 3,577,902
The accompanying notes are an integral part of these consolidated financial statements.