Frontier Communications 2014 Annual Report Download - page 69

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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012
($ and shares in thousands)
Equity of Frontier
Shares Amount
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss Shares Amount
Noncontrolling
Interest
Total
Equity
Common Stock Treasury Stock
Balance December 31, 2011 . . . 1,027,986 $256,997 $4,773,383 $ 226,721 $(386,963) (32,858) $(415,001) $ 13,997 $4,469,134
Stock plans.................... — — (34,582) — — 3,282 46,408 — 11,826
Dividends on common stock.... — — (99,238) (300,152) — — — — (399,390)
Net income .................... — — — 136,636 — — — 16,678 153,314
Other comprehensive loss, net
of tax ....................... — — — — (96,613) — — — (96,613)
Distributions ................... — — — — — — — (19,000) (19,000)
Balance December 31, 2012 . . . 1,027,986 256,997 4,639,563 63,205 (483,576) (29,576) (368,593) 11,675 4,119,271
Stock plans.................... — — (18,671) — — 1,052 30,443 — 11,772
Dividends on common stock.... — — (299,836) (99,932) — — — — (399,768)
Net income .................... — — — 112,835 — — — 2,643 115,478
Pension settlement costs, net
of tax ....................... — — — — 27,381 — — — 27,381
Other comprehensive income,
net of tax ................... — — — — 195,665 — — — 195,665
Distributions ................... — — — — — — — (6,400) (6,400)
Sale of Mohave partnership
interest...................... — — — — — — — (7,918) (7,918)
Balance December 31, 2013 . . . 1,027,986 256,997 4,321,056 76,108 (260,530) (28,524) (338,150) — 4,055,481
Stock plans.................... — — (30,251) — — 3,007 44,244 — 13,993
Dividends on common stock.... — — (300,645) (100,247) — — — — (400,892)
Net income .................... — — — 132,893 — — — — 132,893
Other comprehensive loss, net
of tax ....................... — — — — (143,798) — — — (143,798)
Balance December 31, 2014 . . . 1,027,986 $256,997 $3,990,160 $ 108,754 $(404,328) (25,517) $(293,906) $ — $3,657,677
The accompanying Notes are an integral part of these Consolidated Financial Statements.
F-8