PNC Bank 2011 Annual Report Download - page 114
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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 December 31, 2010 (a) 526 $2,682 $ 647 $12,057 $15,859 $(431) $(572) $2,596 $32,838
Net income 3,056 15 3,071
Other comprehensive income (loss), net of tax
Net unrealized losses on other-than-temporary
impaired debt securities (92) (92)
Net unrealized securities gains 601 601
Net unrealized gains on cash flow hedge
derivatives 195 195
Pension, other postretirement and postemployment
benefit plan adjustments (375) (375)
Other (3) (3)
Comprehensive income (loss) 15 3,397
Cash dividends declared
Common (604) (604)
Preferred (56) (56)
Preferred stock discount accretion 2 (2)
Common stock activity 1 1 10 11
Treasury stock activity (36) 85 49
Preferred stock issuance – Series O (e) 988 988
Other 41 582 623
Balance at December 31, 2011 (a) 527 $2,683 $1,637 $12,072 $18,253 $(105) $(487) $3,193 $37,246
(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) Retained earnings at January 1, 2009 was increased $110 million representing the after-tax noncredit portion of other-than-temporary impairment losses recognized in net income
during 2008 that has been reclassified to accumulated other comprehensive income (loss).
(c) Net treasury stock activity totaled less than .5 million shares issued.
(d) Includes 63.9 million common shares issuance, the net proceeds of which were used together with other available funds to redeem the Series N (TARP) Preferred Stock, for a $3.4
billion net increase in total equity.
(e) 10,000 Series O preferred shares with a $1 par value were issued on July 20, 2011.
See accompanying Notes To Consolidated Financial Statements.
The PNC Financial Services Group, Inc. – Form 10-K 105
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
THE PNC FINANCIAL SERVICES GROUP, INC.
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