PG&E 2009 Annual Report Download - page 57

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CONSOLIDATED STATEMENTS OF EQUITY
PG&E Corporation
(in millions, except share amounts)
Common
Stock
Shares
Common
Stock
Amount
Common
Stock
Held by
Subsidiary Reinvested
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Shareholders’
Equity
Non-
controlling
Interest –
Preferred
Stock of
Subsidiary Total
Equity
Compre-
hensive
Income
Balance at December 31, 2006 374,181,059 $5,877 $(718) $2,671 $ (19) $ 7,811 $252 $ 8,063
Income available for common
shareholders — — — 1,006 — 1,006 — 1,006 $1,006
Employee benefit plan adjustment (net
of income tax expense of $17 million) — — — — 29 29 — 29 29
Comprehensive income $1,035
Common stock issued, net 5,465,217 175 — — — 175 — 175
Stock-based compensation amortization — 31 — — — 31 — 31
Common stock dividends declared and
paid — — — (379) — (379) — (379)
Common stock dividends declared but
not yet paid — — — (129) — (129) — (129)
Tax benefit from employee stock plans — 27 — — — 27 — 27
Adoption of new accounting
pronouncement — — — (18) — (18) — (18)
Balance at December 31, 2007 379,646,276 6,110 (718) 3,151 10 8,553 252 8,805
Income available for common
shareholders — — — 1,338 — 1,338 — 1,338 $1,338
Employee benefit plan adjustment (net
of income tax benefit of $156
million) — — — — (231) (231) — (231) (231)
Comprehensive income $1,107
Common stock issued, net 7,365,909 247 — — — 247 — 247
Common stock cancelled (24,665,500) (403) 718 (315) — — — —
Stock-based compensation amortization — 24 — — — 24 — 24
Common stock dividends declared and
paid — — — (417) — (417) — (417)
Common stock dividends declared but
not yet paid — — — (143) — (143) — (143)
Tax benefit from employee stock plans — 6 — — — 6 — 6
Balance at December 31, 2008 362,346,685 5,984 — 3,614 (221) 9,377 252 9,629
Income available for common
shareholders — — — 1,220 — 1,220 — 1,220 $1,220
Employee benefit plan adjustment (net
of income tax expense of $8 million) — — — — 61 61 — 61 61
Comprehensive income $1,281
Common stock issued, net 8,925,772 269 — — — 269 — 269
Stock-based compensation amortization — 20 — — — 20 — 20
Common stock dividends declared and
paid — — — (464) — (464) — (464)
Common stock dividends declared but
not yet paid — — — (157) — (157) — (157)
Tax benefit from employee stock plans — 7 — — — 7 — 7
Balance at December 31, 2009 371,272,457 $6,280 $ — $4,213 $(160) $10,333 $252 $10,585
See accompanying Notes to the Consolidated Financial Statements.
53