PG&E 2007 Annual Report Download - page 88
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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.