Sallie Mae 2012 Annual Report Download - page 118
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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 ................... — — — — — — — (4) — — (4) — (4)
Total 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.
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