PNC Bank 2013 Annual Report Download - page 128

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 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 326 326
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 (b) (36) 85 49
Preferred stock issuance – Series O (c) 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
Net income (loss) 3,013 (12) 3,001
Other comprehensive income (loss), net of tax 939 939
Cash dividends declared
Common (820) (820)
Preferred (177) (177)
Preferred stock discount accretion 4 (4)
Common stock activity 1 7 45 52
Treasury stock activity (b) 51 (82) (31)
Preferred stock issuance – Series P (d) 1,482 1,482
Preferred stock issuance – Series Q (e) 467 467
Other 25 (419) (394)
Balance at December 31, 2012 (a) (f) 528 $2,690 $3,590 $12,193 $20,265 $ 834 $(569) $2,762 $41,765
Net income 4,220 7 4,227
Other comprehensive income (loss), net of tax (398) (398)
Cash dividends declared
Common (911) (911)
Preferred (237) (237)
Preferred stock discount accretion 5 (5)
Redemption of noncontrolling interests (g) (7) (368) (375)
Common stock activity 2 8 97 105
Treasury stock activity 3 (47) 161 114
Preferred stock redemption – Series L (h) (150) (150)
Preferred stock issuance – Series R (i) 496 496
Other (j) 173 (712) (539)
Balance at December 31, 2013 (a) 533 $2,698 $3,941 $12,416 $23,325 $ 436 $(408) $1,689 $44,097
(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) Net treasury stock activity totaled less than .5 million shares issued or redeemed.
(c) 10,000 Series O preferred shares with a $1 par value were issued on July 20, 2011.
(d) 15,000 Series P preferred shares with a $1 par value were issued on April 24, 2012.
(e) 4,500 Series Q preferred shares with a $1 par value were issued on September 21, 2012 and 300 shares were issued on October 9, 2012.
(f) 5,001 Series M preferred shares with a $1 par value were issued and redeemed on December 10, 2012.
(g) Relates to the redemption of REIT preferred securities in the first quarter of 2013. See Note 14 Capital Securities of Subsidiary Trusts and Perpetual Trust Securities for additional
information.
(h) 1,500 Series L preferred shares with a $1 par value were redeemed on April 19, 2013.
(i) 5,000 Series R preferred shares with a $1 par value were issued on May 7, 2013.
(j) Includes an impact to noncontrolling interests for deconsolidation of limited partnership or non-managing member interests related to tax credit investments in the amount of $675
million during the second quarter of 2013. See Note 3 Loan Sale and Servicing Activities and Variable Interest Entities for additional information.
See accompanying Notes To Consolidated Financial Statements.
110 The PNC Financial Services Group, Inc. – Form 10-K