Goldman Sachs 2012 Annual Report Download - page 112
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Consolidated Statements of Changes in Shareholders’ Equity
Year Ended December
in millions 2012 2011 2010
Preferred stock
Balance, beginning of year $ 3,100 $ 6,957 $ 6,957
Issued 3,100 ——
Repurchased —(3,857) —
Balance, end of year 6,200 3,100 6,957
Common stock
Balance, beginning of year 888
Issued ———
Balance, end of year 888
Restricted stock units and employee stock options
Balance, beginning of year 5,681 7,706 6,245
Issuance and amortization of restricted stock units and employee stock options 1,368 2,863 4,137
Delivery of common stock underlying restricted stock units (3,659) (4,791) (2,521)
Forfeiture of restricted stock units and employee stock options (90) (93) (149)
Exercise of employee stock options (2) (4) (6)
Balance, end of year 3,298 5,681 7,706
Additional paid-in capital
Balance, beginning of year 45,553 42,103 39,770
Issuance of common stock —103 —
Delivery of common stock underlying share-based awards 3,939 5,160 3,067
Cancellation of restricted stock units in satisfaction of withholding tax requirements (1,437) (1,911) (972)
Preferred stock issuance costs (13) ——
Excess net tax benefit/(provision) related to share-based awards (11) 138 239
Cash settlement of share-based compensation (1) (40) (1)
Balance, end of year 48,030 45,553 42,103
Retained earnings
Balance, beginning of year 58,834 57,163 50,252
Net earnings 7,475 4,442 8,354
Dividends and dividend equivalents declared on common stock and restricted stock units (903) (769) (802)
Dividends on preferred stock (183) (2,002) (641)
Balance, end of year 65,223 58,834 57,163
Accumulated other comprehensive loss
Balance, beginning of year (516) (286) (362)
Other comprehensive income/(loss) 323 (230) 76
Balance, end of year (193) (516) (286)
Stock held in treasury, at cost
Balance, beginning of year (42,281) (36,295) (32,156)
Repurchased (4,646) (6,051) (4,185)
Reissued 77 65 46
Balance, end of year (46,850) (42,281) (36,295)
Total shareholders’ equity $ 75,716 $ 70,379 $ 77,356
The accompanying notes are an integral part of these consolidated financial statements.
110 Goldman Sachs 2012 Annual Report