Sallie Mae 2013 Annual Report Download - page 147
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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, 2011 .......................... 7,300,000 529,075,322 (20,323,997) 508,751,325 $565 $106 $4,136 $(14) $ 770 $ (320) $5,243 $ 8 $5,251
Comprehensive income:
Net income ........................................ — — — — — — — — 939 — 939 (2) 937
Other comprehensive income, net of tax ................. — — — — — — — 8 — — 8 — 8
Total comprehensive income ............................ — — — — — — — — — — 947 (2) 945
Cash dividends:
Common stock ($.50 per share) ........................ — — — — — — — — (237) — (237) — (237)
Preferred stock, series A ($3.49 per share) ................ — — — — — — — — (11) — (11) — (11)
Preferred stock, series B ($2.22 per share) ................ — — — — — — — — (9) — (9) — (9)
Dividend equivalent units related to employee stock-based
compensation plans .................................. — — — — — — — — (1) — (1) — (1)
Issuance of common shares ............................. — 6,432,643 — 6,432,643 — 1 60 — — — 61 — 61
Tax benefit related to employee stock-based compensation
plans ............................................. — — — — — — (6) — — — (6) — (6)
Stock-based compensation expense ....................... — — — — — — 47 — — — 47 — 47
Common stock repurchased ............................. — — (58,038,239) (58,038,239) — — — — — (900) (900) — (900)
Shares repurchased related to employee stock-based
compensation plans .................................. — — (4,547,785) (4,547,785) — — — — — (74) (74) — (74)
Balance at December 31, 2012 .......................... 7,300,000 535,507,965 (82,910,021) 452,597,944 $565 $107 $4,237 $ (6) $1,451 $(1,294) $5,060 $ 6 $5,066
See accompanying notes to consolidated financial statements.
F-9