MetLife 2003 Annual Report Download - page 50

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METLIFE, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2003, 2002 AND 2001
(Dollars in millions)
Accumulated Other
Comprehensive Income (Loss)
Net Foreign Minimum
Additional Treasury Unrealized Currency Pension
Common Paid-in Retained Stock Investment Translation Liability
Stock Capital Earnings at Cost Gains (Losses) Adjustment Adjustment Total
Balance at December 31, 2000 ********************** $8 $14,926 $1,021 $ (613) $1,175 $(100) $ (28) $16,389
Treasury stock transactions, net ********************** (1,321) (1,321)
Dividends on common stock************************* (145) (145)
Issuance of warrants — by subsidiary ***************** 40 40
Comprehensive income:
Net income ************************************* 473 473
Other comprehensive income:
Cumulative effect of change in accounting for
derivatives, net of income taxes **************** 22 22
Unrealized gains on derivative instruments, net of
income taxes******************************** 24 24
Unrealized investment gains, net of related offsets,
reclassification adjustments and income taxes **** 658 658
Foreign currency translation adjustments *********** (60) (60)
Minimum pension liability adjustment ************** (18) (18)
Other comprehensive income ******************** 626
Comprehensive income *************************** 1,099
Balance at December 31, 2001 ********************** 8 14,966 1,349 (1,934) 1,879 (160) (46) 16,062
Treasury stock transactions, net ********************** 2 (471) (469)
Dividends on common stock************************* (147) (147)
Comprehensive income:
Net income ************************************* 1,605 1,605
Other comprehensive income:
Unrealized losses on derivative instruments, net of
income taxes******************************** (60) (60)
Unrealized investment gains, net of related offsets,
reclassification adjustments and income taxes **** 463 463
Foreign currency translation adjustments *********** (69) (69)
Other comprehensive income ******************** 334
Comprehensive income *************************** 1,939
Balance at December 31, 2002 ********************** 8 14,968 2,807 (2,405) 2,282 (229) (46) 17,385
Treasury stock transactions, net ********************** 20 (92) (72)
Issuance of shares — by subsidiary ******************* 24 24
Dividends on common stock************************* (175) (175)
Settlement of common stock purchase contracts ******* (656) 1,662 1,006
Premium on conversion of company-obligated mandatorily
redeemable securities of a subsidiary trust *********** (21) (21)
Comprehensive income:
Net income ************************************* 2,217 2,217
Other comprehensive income:
Unrealized losses on derivative instruments, net of
income taxes******************************** (250) (250)
Unrealized investment gains, net of related offsets,
reclassification adjustments and income taxes **** 940 940
Foreign currency translation adjustments *********** 177 177
Minimum pension liability adjustment ************** (82) (82)
Other comprehensive income ******************** 785
Comprehensive income *************************** 3,002
Balance at December 31, 2003 ********************** $8 $14,991 $4,193 $ (835) $2,972 $ (52) $(128) $21,149
See accompanying notes to consolidated financial statements.
MetLife, Inc. F-5