PG&E 2008 Annual Report Download - page 89
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87
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, 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
Net income — — — — 1,338 — 1,338 $ 1,338
Employee benefi t plan adjustment in
accordance with SFAS No. 158 (net of
income tax benefi t of $156 million) (231) (231) (231)
Comprehensive income $1,107
Common stock issued, net 7,365,909 247 — — — — 247
Common stock cancelled (24,665,500) (403) 718 — (315) — —
Stock-based compensation amortization — 24 — — — — 24
Common stock dividends declared and paid — — — — (417) — (417)
Common stock dividends declared but
not yet paid — — — — (143) — (143)
Tax benefi t from employee stock plans — 6 — — — — 6
Balance at December 31, 2008 362,346,685 $5,984 $ — $
— $3,614 $(221) $9,377
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
PG&E Corporation
See accompanying Notes to the Consolidated Financial Statements.