PNC Bank 2007 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2007 PNC Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 141

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
THE PNC FINANCIAL SERVICES GROUP, INC.
Shares Outstanding
In millions
Common
Stock
Common
Stock
Capital
Surplus
Retained
Earnings
Accumulated Other
Comprehensive
Income (Loss)
Treasury
Stock Total
Balance at January 1, 2005 (a) 283 $1,764 $1,214 $ 8,273 $ (54) $(3,724) $ 7,473
Net income 1,325 1,325
Net unrealized securities losses (174) (174)
Net unrealized losses on cash flow hedge derivatives (32) (32)
Other (7) (7)
Comprehensive income 1,112
Cash dividends declared
Common (574) (574)
Preferred (1) (1)
Treasury stock activity 10 61 468 529
Tax benefit of stock option plans 7 7
Stock options granted 30 30
Subsidiary stock transactions (5) (5)
Restricted stock transactions (8) (8)
Balance at December 31, 2005 (a) 293 1,764 1,299 9,023 (267) (3,256) 8,563
Net income 2,595 2,595
Net unrealized securities losses 149 149
Net unrealized losses on cash flow hedge derivatives 13 13
Additional minimum pension liability under SFAS 87 (1) (1)
Other 33
Comprehensive income 2,759
Cash dividends declared
Common (632) (632)
Preferred (1) (1)
BlackRock/MLIM transaction (b) 262 262
Treasury stock activity (c) (12) (121) (133)
Tax benefit of stock option plans 29 29
Stock options granted 31 31
Effect of BlackRock equity transactions 27 27
Restricted stock/unit and incentive/performance unit
share transactions 15 15
Net effect of adopting SFAS 158 (132) (132)
Balance at December 31, 2006 (a) 293 1,764 1,651 10,985 (235) (3,377) 10,788
Net income 1,467 1,467
Net unrealized securities losses (76) (76)
Net unrealized gains on cash flow hedge derivatives 188 188
Pension, other postretirement and postemployment
benefit plan adjustments (29) (29)
Other 55
Comprehensive income 1,555
Cash dividends declared - common (806) (806)
Net effect of adopting FSP FAS 13-2 (149) (149)
Treasury stock issued for acquisitions 56 872 3,147 4,019
Treasury stock activity - all other (8) (17) (648) (665)
Tax benefit of stock option plans 18 18
Stock options granted 28 28
Effect of BlackRock equity transactions 53 53
Restricted stock/unit and incentive/performance unit
share transactions 13 13
Balance at December 31, 2007 (a) 341 $1,764 $2,618 $11,497 $(147) $ (878) $14,854
(a) Our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
(b) Represents the portion of our gain on the BlackRock/MLIM transaction that was credited to capital surplus.
(c) Our net treasury stock activity in 2006 was less than .1 million shares issued.
See accompanying Notes To Consolidated Financial Statements.
68