JP Morgan Chase 2014 Annual Report Download - page 177

Consolidated statements of changes in stockholders’ equity
JPMorgan Chase & Co./2014 Annual Report 175
Year ended December 31, (in millions, except per share data) 2014 2013 2012
Preferred stock
Balance at January 1 $ 11,158 $ 9,058 $ 7,800
Issuance of preferred stock 8,905 3,900 1,258
Redemption of preferred stock —(1,800) —
Balance at December 31 20,063 11,158 9,058
Common stock
Balance at January 1 and December 31 4,105 4,105 4,105
Additional paid-in capital
Balance at January 1 93,828 94,604 95,602
Shares issued and commitments to issue common stock for employee stock-based compensation awards, and
related tax effects (508) (752) (736)
Other (50) (24) (262)
Balance at December 31 93,270 93,828 94,604
Retained earnings
Balance at January 1 115,756 104,223 88,315
Net income 21,762 17,923 21,284
Dividends declared:
Preferred stock (1,125) (805) (647)
Common stock ($1.58, $1.44 and $1.20 per share for 2014, 2013 and 2012, respectively) (6,078) (5,585) (4,729)
Balance at December 31 130,315 115,756 104,223
Accumulated other comprehensive income/(loss)
Balance at January 1 1,199 4,102 944
Other comprehensive income/(loss) 990 (2,903) 3,158
Balance at December 31 2,189 1,199 4,102
Shares held in RSU Trust, at cost
Balance at January 1 (21) (21) (38)
Reissuance from RSU Trust —— 17
Balance at December 31 (21) (21) (21)
Treasury stock, at cost
Balance at January 1 (14,847) (12,002) (13,155)
Purchase of treasury stock (4,760) (4,789) (1,415)
Reissuance from treasury stock 1,751 1,944 2,574
Share repurchases related to employee stock-based compensation awards —— (6)
Balance at December 31 (17,856) (14,847) (12,002)
Total stockholders’ equity $ 232,065 $ 211,178 $ 204,069
The Notes to Consolidated Financial Statements are an integral part of these statements.