MetLife 2008 Annual Report Download - page 127

MetLife, Inc.
Consolidated Statements of Stockholders’ Equity
For the Years Ended December 31, 2008, 2007 and 2006
(In millions)
Preferred
Stock Common Stock
Additional
Paid-in
Capital Retained Earnings
Treasury
Stock
at Cost
Net
Unrealized
Investment
Gains (Losses)
Foreign
Currency
Translation
Adjustments
Defined
Benefit
Plans
Adjustment Total
Accumulated Other Comprehensive
Income (Loss)
BalanceatJanuary1,2006............... $ 1 $ 8 $17,274 $10,865 $ (959) $ 1,942 $ 11 $ (41) $29,101
Treasurystocktransactions,net ............ 180 (398) (218)
Dividendsonpreferredstock .............. (134) (134)
Dividendsoncommonstock .............. (450) (450)
Comprehensive income:
Netincome........................ 6,293 6,293
Other comprehensive income (loss):
Unrealized gains (losses) on derivative
instruments,netofincometax ......... (43) (43)
Unrealized investment gains (losses), net of
relatedoffsetsandincometax ......... (35) (35)
Foreign currency translation adjustments, net
ofincometax.................... 46 46
Additional minimum pension liability
adjustment,netofincometax.......... (18) (18)
Othercomprehensiveincome(loss) ....... (50)
Comprehensiveincome ................ 6,243
Adoption of SFAS 158, net of income tax . . . . . (744) (744)
BalanceatDecember31,2006............. 1 8 17,454 16,574 (1,357) 1,864 57 (803) 33,798
Cumulative effect of changes in accounting
principles,netofincometax(Note1)........ (329) (329)
BalanceatJanuary1,2007............... 1 8 17,454 16,245 (1,357) 1,864 57 (803) 33,469
Treasurystocktransactions,net ............ 94 (1,533) (1,439)
Obligation under accelerated common stock
repurchaseagreement(Note18)........... (450) (450)
Dividendsonpreferredstock .............. (137) (137)
Dividendsoncommonstock .............. (541) (541)
Comprehensive income:
Netincome........................ 4,317 4,317
Other comprehensive income (loss):
Unrealized gains (losses) on derivative
instruments,netofincometax ......... (40) (40)
Unrealized investment gains (losses), net of
relatedoffsetsandincometax ......... (853) (853)
Foreign currency translation adjustments, net
ofincometax.................... 290 290
Defined benefit plans adjustment, net of
incometax ..................... 563 563
Othercomprehensiveincome(loss) ....... (40)
Comprehensiveincome ................ 4,277
BalanceatDecember31,2007............. 1 8 17,098 19,884 (2,890) 971 347 (240) 35,179
Cumulative effect of changes in accounting
principles,
netofincometax(Note1)............... 27 (10) 17
BalanceatJanuary1,2008............... 1 8 17,098 19,911 (2,890) 961 347 (240) 35,196
Common stock issuance — newly issued shares . . 290 290
Treasury stock transactions:
Acquired in connection with share repurchase
agreements(Note18)................ 450 (1,250) (800)
Issued in connection with common stock
issuance........................ (2,104) 4,040 1,936
Issuedtosettlestockforwardcontracts ...... (29) 1,064 1,035
Acquired in connection with split-off of
subsidiary ....................... (1,318) (1,318)
Other,net ........................ (35) 118 83
Deferralofstock-basedcompensation ........ 141 141
Dividendsonpreferredstock .............. (125) (125)
Dividendsoncommonstock .............. (592) (592)
Comprehensive income:
Netincome........................ 3,209 3,209
Other comprehensive income (loss):
Unrealized gains (losses) on derivative
instruments,netofincometax ......... 241 241
Unrealized investment gains (losses), net of
relatedoffsetsandincometax ......... (13,766) (13,766)
Foreign currency translation adjustments, net
ofincometax.................... (593) (593)
Defined benefit plans adjustment, net of
incometax ..................... (1,203) (1,203)
Othercomprehensiveincome(loss) ....... (15,321)
Comprehensiveincome(loss) ............ (12,112)
BalanceatDecember31,2008............. $ 1 $ 8 $15,811 $22,403 $ (236) $(12,564) $(246) $(1,443) $23,734
See accompanying notes to the consolidated financial statements.
F-4 MetLife, Inc.