Sallie Mae 2011 Annual Report Download - page 115
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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, 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
Comprehensive income: .........................
Net income .................................. 530 530 530
Other comprehensive income, net of tax:
Change in unrealized gains (losses) on
investments, net of tax ..................... 111
Change in unrealized gains (losses) on derivatives,
netoftax ............................... 555
Defined benefit pension plans adjustment ........ (10) (10) (10)
Comprehensive income .......................... 526 526
Cash dividends:
Preferred stock, series A ($3.49 per share) ......... (12) (12) (12)
Preferred stock, series B ($1.05 per share) ......... (4) (4) (4)
Preferred stock, series C ($72.50 per share) ........ (56) (56) (56)
Issuance of common shares ....................... 1,803,683 1,803,683 16 16 16
Conversion of preferred shares .................... (810,370) 41,240,215 41,240,215 (810) 8 802 — —
Tax benefit related to employee stock-based
compensation plans ........................... (9) (9) (9)
Stock-based compensation expense ................ 39 39 39
Cumulative effect of accounting change ............. (753) (753) (753)
Shares repurchased related to employee stock-based
compensation plans ........................... (1,097,647) (1,097,647) (14) (14) — (14)
Balance at December 31, 2010 ...................
7,300,000 595,263,474 (68,319,589) 526,943,885 $ 565 $119 $5,940 $(45) $ 309 $(1,876) $5,012
$
— $5,012
See accompanying notes to consolidated financial statements.
F-6