Freddie Mac 2014 Annual Report Download - page 150

145 Freddie Mac
FREDDIE MAC
CONSOLIDATED STATEMENTS OF EQUITY
Shares Outstanding Senior
Preferred
Stock, at
Redemption
Value
Preferred
Stock, at
Redemption
Value
Common
Stock, at
Par Value
Additional
Paid-In
Capital
Retained
Earnings
(Accumulated
Deficit)
AOCI,
Net of
Tax
Treasury
Stock, at
Cost Total Equity
Senior
Preferred
Stock Preferred Stock Common Stock
(in millions)
Balance as of December 31, 2011 1 464 650 $ 72,171 $ 14,109 $ — $ 3 $ (74,525) $ (7,995) $ (3,909) $ (146)
Comprehensive income:
Net income — — — — — — — 10,982 — — 10,982
Other comprehensive income, net of
taxes — — — — — — — — 5,057 — 5,057
Comprehensive income — — — — — — — 10,982 5,057 — 16,039
Increase in liquidation preference — — — 165 — — — — — — 165
Stock-based compensation — — — — — — 2 — — — 2
Income tax benefit from stock-based
compensation — — — — — — 1 — — — 1
Common stock issuances — — — — — — (24) — — 24 —
Transfer from retained earnings
(accumulated deficit) to additional paid-
in capital — — — — — — 19 (19) — — —
Senior preferred stock dividends declared — — — — — — — (7,233) — — (7,233)
Dividend equivalent payments on expired
stock options — — — — — — — (1) — — (1)
Ending balance as of December 31,
2012 1 464 650 $ 72,336 $ 14,109 $ — $ 1 $ (70,796) $ (2,938) $ (3,885) $ 8,827
Balance as of December 31, 2012 1 464 650 $ 72,336 $ 14,109 $ — $ 1 $ (70,796) $ (2,938) $ (3,885) $ 8,827
Comprehensive income:
Net income — — — — — — — 48,668 — — 48,668
Other comprehensive income, net of
taxes — — — — — — — — 2,932 — 2,932
Comprehensive income — — — — — — — 48,668 2,932 — 51,600
Common stock issuances — — — — — — (1) — — — (1)
Senior preferred stock dividends declared — — — — — — — (47,591) — — (47,591)
Ending balance at December 31, 2013 1 464 650 $ 72,336 $ 14,109 $ — $ — $ (69,719) $ (6) $ (3,885) $ 12,835
Balance as of December 31, 2013 1 464 650 $ 72,336 $ 14,109 $ — $ — $ (69,719) $ (6) $ (3,885) $ 12,835
Comprehensive income:
Net income — — — — — — — 7,690 — — 7,690
Other comprehensive income, net of
taxes — — — — — — — — 1,736 — 1,736
Comprehensive income — — — — — — — 7,690 1,736 — 9,426
Senior preferred stock dividends declared — — — — — — — (19,610) — — (19,610)
Ending balance at December 31, 2014 1 464 650 $ 72,336 $ 14,109 $ — $ — $ (81,639) $ 1,730 $ (3,885) $ 2,651
The accompanying notes are an integral part of these consolidated financial statements.
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