Sallie Mae 2011 Annual Report Download - page 114
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SLM CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(In millions, except share and per share amounts)
Preferred
Stock
Shares
Common Stock Shares Preferred
Stock
Common
Stock
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
Treasury
Stock
Total
Stockholders’
Equity
Noncontrolling
Interest
Total
EquityIssued Treasury Outstanding
Balance at December 31, 2008 ................... 8,449,770 534,411,271 (66,958,400) 467,452,871 $1,714 $108 $4,684 $(77) $426 $(1,856) $4,999 $ 7 $5,006
Comprehensive income:
Net income (loss) ............................. 324 324 324
Other comprehensive income (loss), net of tax:
Change in unrealized gains (losses) on
investments, net of tax ..................... 333
Change in unrealized gains (losses) on derivatives,
netoftax ............................... 40 40 40
Defined benefit pension plans adjustment ........ (7) (7) (7)
Comprehensive income (loss) ..................... 360 360
Cash dividends:
Preferred stock, series A ($3.49 per share) ......... (11) (11) (11)
Preferred stock, series B ($1.76 per share) ......... (7) (7) (7)
Preferred stock, series C ($72.50 per share) ........ (97) (97) (97)
Issuance of common shares ....................... 536,036 98 536,134 3 3 3
Preferred stock issuance costs and related
amortization ................................. 1 (1) — —
Conversion of preferred shares .................... (339,400) 17,272,269 17,272,269 (339) 3 366 (30) — —
Tax benefit related to employee stock-based
compensation plans ........................... (9) (9) (9)
Stock-based compensation expense ................ 47 47 47
Shares repurchased related to employee stock-based
compensation plans ........................... (263,640) (263,640) (6) (6) (6)
Sale of international Purchased Paper — Non-Mortgage
business .................................... — (7) (7)
Balance at December 31, 2009 ................... 8,110,370 552,219,576 (67,221,942) 484,997,634 $1,375 $111 $5,092 $(41) $604 $(1,862) $5,279 $— $5,279
See accompanying notes to consolidated financial statements.
F-5