PG&E 2011 Annual Report Download - page 58
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PG&E Corporation
CONSOLIDATED STATEMENTS OF EQUITY
(in millions, except share amounts)
Noncontrolling
Accumulated Interest—
Common Common Other Total Preferred
Stock Stock Reinvested Comprehensive Shareholders’ Stock Total Comprehensive
Shares Amount Earnings Income (Loss) Equity of Subsidiary Equity Income
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
Net income ......................... —— 858 — 858 — 858 858
Employee benefit plan adjustment (net of income tax
benefit of $9) ....................... —— — (11) (11) —(11) (11)
Comprehensive income ................... $ 847
Common stock issued, net ................. 17,029,877 686 ——686 — 686
Stock-based compensation amortization ......... — 37 ——37 — 37
Common stock dividends declared ............ ——(738) —(738) —(738)
Tax benefit from employee stock plans .......... — 1 ——1 — 1
Preferred stock dividend requirement of subsidiary . . . —— (14) —(14) —(14)
Balance at December 31, 2011 .............. 412,257,082 $7,602 $4,712 $(213) $12,101 $252 $12,353
See accompanying Notes to the Consolidated Financial Statements.
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