PG&E 2010 Annual Report Download - page 63

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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
Noncontrolling
Interest –
Preferred Stock
of Subsidiary Total
Equity
Compre-
hensive
Income
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) – – – – (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) – – – – 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
Net income – – – 1,113 – 1,113 – 1,113 $ 1,113
Employee benefit plan adjustment
(net of income tax benefit of
$25) – – – – (42) (42) – (42) (42)
Comprehensive income $ 1,071
Common stock issued, net 23,954,748 568 – – – 568 – 568
Stock-based compensation
amortization – 34 – – – 34 – 34
Common stock dividends declared – – – (706) – (706) – (706)
Tax expense from employee stock
plans – (4) – – – (4) – (4)
Preferred stock dividend
requirement of subsidiary – – – (14) – (14) – (14)
Balance at December 31, 2010 395,227,205 $ 6,878 $ – $ 4,606 $ (202) $ 11,282 $ 252 $ 11,534
See accompanying Notes to the Consolidated Financial Statements.
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