MetLife 2004 Annual Report Download - page 49

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METLIFE, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
(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 January 1, 2002 ************************* $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 (loss):
Net income ************************************* 1,605 1,605
Other comprehensive income (loss):
Unrealized gains (losses) on derivative instruments,
net of income taxes ************************** (60) (60)
Unrealized investment gains (losses), net of related
offsets, reclassification adjustments and income
taxes ************************************** 463 463
Foreign currency translation adjustments *********** (69) (69)
Other comprehensive income (loss) *************** 334
Comprehensive income (loss) ********************** 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 (loss):
Net income ************************************* 2,217 2,217
Other comprehensive income (loss):
Unrealized gains (losses) on derivative instruments,
net of income taxes ************************** (250) (250)
Unrealized investment gains (losses), 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 (loss) *************** 785
Comprehensive income (loss) ********************** 3,002
Balance at December 31, 2003 ********************** 8 14,991 4,193 (835) 2,972 (52) (128) 21,149
Treasury stock transactions, net ********************** 46 (950) (904)
Dividends on common stock************************* (343) (343)
Comprehensive income (loss):
Net income ************************************* 2,758 2,758
Other comprehensive income (loss):
Unrealized gains (losses) on derivative instruments,
net of income taxes ************************** (62) (62)
Unrealized investment gains (losses), net of related
offsets, reclassification adjustments and income
taxes ************************************** (6) (6)
Cumulative effect of a change in accounting, net of
income taxes******************************** 90 90
Foreign currency translation adjustments *********** 144 144
Minimum pension liability adjustment ************** (2) (2)
Other comprehensive income (loss) *************** 164
Comprehensive income (loss) ********************** 2,922
Balance at December 31, 2004 ********************** $8 $15,037 $6,608 $(1,785) $2,994 $ 92 $(130) $22,824
See accompanying notes to consolidated financial statements.
MetLife, Inc.
F-6