PG&E 2007 Annual Report Download - page 88

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86
Accumulated Total
Common Other Common
Common Common Stock Comprehensive Share- Compre-
Stock Stock Held by Unearned Reinvested Income holders’ hensive
(in millions, except share amounts) Shares Amount Subsidiary Compensation Earnings (Loss) Equity Income
Balance at December 31, 2004 418,616,141 $6,518 $(718) $(26) $ 2,863 $ (4) $ 8,633
Net income 917 917 $ 917
Minimum pension liability adjustment
(net of income tax benefi t of $3 million) (4) (4) (4)
Comprehensive income $ 913
Common stock issued 10,264,535 247 247
Common stock repurchased (61,139,700) (998) (1,190) (2,188)
Common stock warrants exercised 295,919
Common restricted stock issued 347,710 13 (13)
Common restricted stock cancelled (116,103) (4) 4
Common restricted stock amortization 13 13
Common stock dividends declared and paid (334) (334)
Common stock dividends declared but
not yet paid (115) (115)
Tax benefi t from employee stock plans 50 50
Other 1 (2) (1)
Balance at December 31, 2005 368,268,502 5,827 (718) (22) 2,139 (8) 7,218
Net income 991 991 $ 991
Comprehensive income $ 991
Common stock issued 5,399,707 110 110
Accelerated share repurchase settlement
of stock repurchased in 2005 (114) (114)
Common stock warrants exercised 51,890
Common restricted stock, unearned
compensation reversed in accordance
with SFAS No. 123R (22) 22
Common restricted stock issued 566,255 21 21
Common restricted stock cancelled (105,295) (1) (1)
Common restricted stock amortization 20 20
Common stock dividends declared and paid (342) (342)
Common stock dividends declared but
not yet paid (117) (117)
Tax benefi t from employee stock plans 35 35
Adoption of SFAS No. 158 (net of
income tax benefi t of $8 million) (11) (11)
Other 1 — — — 1
Balance at December 31, 2006 374,181,059 5,877 (718) 2,671 (19) 7,811
Net income 1,006 1,006 $ 1,006
Employee benefi t plan adjustment in
accordance with SFAS No. 158 (net of
income tax expense of $17 million) 29 29 29
Comprehensive income
$1,035
Common stock issued, net 5,465,217 175 175
Stock-based compensation amortization 31 31
Common stock dividends declared and paid (379) (379)
Common stock dividends declared but
not yet paid (129) (129)
Tax benefi t from employee stock plans 27 27
Adoption of FIN 48 (18) (18)
Balance at December 31, 2007 379,646,276 $6,110 $(718) $ — $ 3,151 $ 10 $ 8,553
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
PG&E Corporation
See accompanying Notes to the Consolidated Financial Statements.