MasterCard 2008 Annual Report Download - page 92

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MASTERCARD INCORPORATED
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Total
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income,
net of tax
Common Shares Additional
Paid-In Capital
Treasury
StockClass A Class B
(In thousands, except per share data)
Balance at December 31, 2005 ........ $1,169,148 $ 145,515 $ 49,014 $— $ 14 $ 974,605 $ —
Net income ..................... 50,190 50,190 — — — — —
Other comprehensive income, net of
tax ......................... 66,050 — 66,050 — — — —
Adoption of new pension and post-
retirement standard, net of tax .... (11,402) — (11,402) — — — —
Proceeds from issuance of common
stock (net of offering expenses of
$129,354) .................... 2,449,910 — — 7 — 2,449,903 —
Redemption of stock Class B
shares ....................... (1,799,937) (1,224,901) — — (8) (575,028) —
Charitable stock contribution to the
MasterCard Foundation ......... 394,785 — — 1 — 394,784 —
Reclassification of cash-based
performance awards to stock-
based compensation ............ 51,209 — — — — 51,209 —
Cash dividends declared on Class A
and Class B common stock, $.18
per share ..................... (24,775) — — — — (24,775) —
Share based payments ............ 19,181 — — — — 19,181 —
Balance at December 31, 2006 ........ 2,364,359 (1,029,196) 103,662 8 6 3,289,879 —
Net income ..................... 1,085,886 1,085,886 — — — — —
Other comprehensive income, net of
tax ......................... 174,084 — 174,084 — — — —
Adoption of new tax accounting
standard (FIN 48) ............. 21,175 21,175 — — — — —
Cash dividends declared on Class A
and Class B common stock, $.60
per share ..................... (81,571) (40,166) — — — (41,405) —
Share based payments ............ 58,213 — — — — 58,213 —
Stock units settled in cash for
taxes ........................ (11,334) — — — — (11,334) —
Tax benefit for share based
compensation ................. 15,430 — — — — 15,430 —
Purchases of treasury stock ........ (600,532) — — — — — (600,532)
Conversion of Class B to Class A
common stock ................ — — — 1 (1) — —
Cash proceeds from exercise of stock
options ...................... 1,597 — — — — 1,597 —
Balance at December 31, 2007 ........ 3,027,307 37,699 277,746 9 5 3,312,380 (600,532)
Net loss ....................... (253,915) (253,915) — — — — —
Other comprehensive loss, net of
tax ......................... (168,909) — (168,909) — — — —
Cash dividends declared on Class A
and Class B common stock, $0.60
per share ..................... (78,868) (19,884) — — — (58,984) —
Share based payments ............ 60,970 — — — — 60,970 —
Stock units settled in cash for
taxes ........................ (67,111) — — — — (67,111) —
Tax benefit for share based
compensation ................. 47,803 — — — — 47,803 —
Purchases of treasury stock ........ (649,468) — — — — — (649,468)
Conversion of Class B to Class A
common stock ................ — — — 1 (1) — —
Cash proceeds from exercise of stock
options ...................... 9,546 — — — — 9,546 —
Balance at December 31, 2008 ........ $1,927,355 $ (236,100) $ 108,837 $ 10 $ 4 $3,304,604 $(1,250,000)
The accompanying notes are an integral part of these consolidated financial statements.
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