PNC Bank 2009 Annual Report Download - page 94

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
THE PNC FINANCIAL SERVICES GROUP, INC.
Shareholders’ Equity
In millions
Shares Outstanding
Common
Stock
Common
Stock
Capital
Surplus -
Preferred
Stock
Capital
Surplus -
Common
Stock and
Other
Retained
Earnings
Accumulated Other
Comprehensive
Income (Loss)
Treasury
Stock
Noncontrolling
Interests
Total
Equity
Balance at January 1, 2007 (a) 293 $1,764 $1,651 $10,985 $ (235) $(3,377) $ 885 $11,673
Net income 1,467 24 1,491
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 24 1,579
Cash dividends declared – common (806) (806)
Net effect of adopting FASB ASC 840-35 (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
Other 745 745
Balance at December 31, 2007 (a) 341 $1,764 $2,618 $11,497 $ (147) $ (878) $1,654 $16,508
Net effect of adopting FASB ASC 715-60 (12) (12)
Net effect of adopting FASB ASC 820 and FASB ASC
825-10 17 17
Balance at January 1, 2008 341 $1,764 $2,618 $11,502 $ (147) $ (878) $1,654 $16,513
Net income 882 32 914
Other comprehensive income (loss), net of tax
Net unrealized securities losses (3,459) (3,459)
Net unrealized gains on cash flow hedge derivatives 199 199
Pension, other postretirement and postemployment
benefit plan adjustments (490) (490)
Other (52) (52)
Comprehensive income (loss) 32 (2,888)
Cash dividends declared
Common (902) (902)
Preferred (21) (21)
Common stock activity – acquisition 99 497 5,419 5,916
Treasury stock activity 3 (110) 281 171
Preferred stock issuance – Series K $ 493 493
Preferred stock issuance – Series L 150 150
Preferred stock issuance – Series N (b) 7,275 7,275
TARP Warrant (b) 304 304
Tax benefit of stock option plans 17 17
Stock options granted 22 22
Effect of BlackRock equity transactions 43 43
Restricted stock/unit and incentive/ performance unit
share transactions 15 15
Other 540 540
Balance at December 31, 2008 (a) 443 $2,261 $7,918 $8,328 $11,461 $(3,949) $ (597) $2,226 $27,648
Cumulative effect of adopting FASB ASC 320-10 110 (110)
Balance at January 1, 2009 443 $2,261 $7,918 $8,328 $11,571 $(4,059) $ (597) $2,226 $27,648
Net income 2,447 (44) 2,403
Other comprehensive income (loss), net of tax
Other-than-temporary losses on debt securities (706) (706)
Net unrealized securities gains 2,866 2,866
Net unrealized losses on cash flow hedge derivatives (208) (208)
Pension, other postretirement and postemployment
benefit plan adjustments 125 125
Other 20 20
Comprehensive income (loss) (44) 4,500
Cash dividends declared
Common (430) (430)
Preferred (388) (388)
Preferred stock discount accretion 56 (56)
Supervisory Capital Assessment Program issuance 15 75 549 624
Common stock activity 4 18 147 165
Treasury stock activity (c) (158) 84 (74)
Other 79 443 522
Balance at December 31, 2009 (a) 462 $2,354 $7,974 $8,945 $13,144 $(1,962) $ (513) $2,625 $32,567
(a) The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
(b) Issued to the US Department of Treasury on December 31, 2008 under the TARP Capital Purchase Program.
(c) Net treasury stock activity totaled less than .5 million shares issued.
See accompanying Notes To Consolidated Financial Statements.
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