Fannie Mae 2010 Annual Report Download - page 264

FANNIE MAE
(In conservatorship)
Consolidated Statements of Changes in Equity (Deficit)
(Dollars and shares in millions, except per share amounts)
Senior
Preferred Preferred Common
Senior
Preferred
Preferred
Stock
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Loss
Treasury
Stock
Non
Controlling
Interest
Total
Equity
(Deficit)
Shares Outstanding
Fannie Mae Stockholders’ Equity (Deficit)
Balance as of December 31, 2007 . . . . . . — 466 974 $ — $16,913 $593 $ 1,831 $ 33,548 $ (1,362) $(7,512) $107 $ 44,118
Cumulative effect from the adoption of the
accounting standards on the fair value
option for financial instruments and fair
value measurement, net of tax . . . . . . — — — — — — — 148 (93) — — 55
Balances of January 1, 2008 adjusted . . . . — 466 974 — 16,913 593 1,831 33,696 (1,455) (7,512) 107 44,173
Change in investment in noncontrolling
interest . . . . . . . . . . . . . . . . . . . — — — — — — — — — — 71 71
Comprehensive loss:
Net loss . . . . . . . . . . . . . . . . . . . — — — — — — — (58,707) — — (21) (58,728)
Other comprehensive loss, net of tax
effect:
Changes in net unrealized losses on
available-for-sale securities (net of tax
of $5,395) . . . . . . . . . . . . . . . . — — — — — — — — (10,020) — — (10,020)
Reclassification adjustment for
other-than- temporary impairments
recognized in net loss (net of tax of
$2,441) . . . . . . . . . . . . . . . . . — — — — — — — — 4,533 — — 4,533
Reclassification adjustment for gains
included in net loss (net of tax of
$36) . . . . . . . . . . . . . . . . . . — — — — — — — — (67) — — (67)
Unrealized losses on guaranty assets and
guaranty fee buy-ups . . . . . . . . . . — — — — — — — — (342) — — (342)
Amortization of net cash flow hedging
gains . . . . . . . . . . . . . . . . . . — — — — — — — — 1 — — 1
Prior service cost and actuarial gains,
net of amortization for defined benefit
plans . . . . . . . . . . . . . . . . . . — — — — — — — — (323) — — (323)
Total comprehensive loss . . . . . . . . . . (64,946)
Common stock dividends ($0.75 per
share) . . . . . . . . . . . . . . . . . . . — — — — — — — (741) — — — (741)
Senior preferred stock dividends . . . . . . — — — — — — (31) — — — — (31)
Common stock issued . . . . . . . . . . . . — — 94 — — 49 2,477 — — — — 2,526
Common stock warrant issued . . . . . . . — — — — — — 3,518 — — — — 3,518
Preferred stock dividends declared . . . . . — — — — — — — (1,038) — — — (1,038)
Senior preferred stock issued . . . . . . . . 1 — — 1,000 — — — — — — — 1,000
Preferred stock issued . . . . . . . . . . . . — 141 — — 4,812 — (127) — — — — 4,685
Conversion of convertible preferred stock
into common stock . . . . . . . . . . . . — (10) 16 — (503) 8 495 — — — — —
Treasury commitment . . . . . . . . . . . . — — — — — — (4,518) — — — — (4,518)
Other . . . . . . . . . . . . . . . . . . . . . — — 1 — — — (24) — — 168 — 144
Balance as of December 31, 2008 . . . . . . 1 597 1,085 1,000 21,222 650 3,621 (26,790) (7,673) (7,344) 157 (15,157)
Cumulative effect from the adoption of a
new accounting standard on other-than-
temporary impairments, net of tax . . . . — — — — — — — 8,520 (5,556) — — 2,964
Change in investment in noncontrolling
interest . . . . . . . . . . . . . . . . . . . — — — — — — — — — — (13) (13)
Comprehensive loss:
Net loss . . . . . . . . . . . . . . . . . . . — — — — — — — (71,969) — — (53) (72,022)
Other comprehensive loss, net of tax
effect:
Changes in net unrealized losses on
available-for-sale securities (net of tax
of $2,658) . . . . . . . . . . . . . . . . — — — — — — — — 4,936 — — 4,936
Reclassification adjustment for
other-than- temporary impairments
recognized in net loss (net of tax of
$3,441) . . . . . . . . . . . . . . . . . — — — — — — — — 6,420 — — 6,420
Reclassification adjustment for gains
included in net loss (net of tax of
$119) . . . . . . . . . . . . . . . . . . — — — — — — — — (220) — — (220)
Unrealized gains on guaranty assets and
guaranty fee buy-ups . . . . . . . . . . — — — — — — — — 245 — — 245
Amortization of net cash flow hedging
gains . . . . . . . . . . . . . . . . . . — — — — — — — — 9 — — 9
Prior service cost and actuarial gains,
net of amortization for defined benefit
plans . . . . . . . . . . . . . . . . . . — — — — — — — — 107 — — 107
Total comprehensive loss . . . . . . . . . . (60,525)
Senior preferred stock dividends . . . . . . — — — — — — (2,470) — — — — (2,470)
Increase to senior preferred liquidation
preference . . . . . . . . . . . . . . . . . — — — 59,900 — — — — — — — 59,900
Conversion of convertible preferred stock
into common stock . . . . . . . . . . . . — (17) 27 — (874) 14 860 — — — — —
Other . . . . . . . . . . . . . . . . . . . . . — — 1 — — — 72 2 — (54) — 20
F-6
See Notes to Consolidated Financial Statements