Sallie Mae 2013 Annual Report Download - page 148
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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, 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 $5,066
Comprehensive income:
Net income ....................................... — — — — — — — — 1,418 — 1,418 (1) 1,417
Other comprehensive income, net of tax ................ — — — — — — — 19 — — 19 — 19
Total comprehensive income ........................... — — — — — — — — — — 1,437 (1) 1,436
Cash dividends:
Common stock ($.60 per share) ....................... — — — — — — — — (264) — (264) — (264)
Preferred stock, series A ($3.49 per share) ............... — — — — — — — — (12) — (12) — (12)
Preferred stock, series B ($2.00 per share) ............... — — — — — — — — (8) — (8) — (8)
Dividend equivalent units related to employee stock-based
compensation plans ................................. — — — — — — — — (1) — (1) — (1)
Issuance of common shares ............................ — 9,702,976 — 9,702,976 — 2 105 — — — 107 — 107
Tax benefit related to employee stock-based compensation
plans ............................................ — — — — — — 10 — — — 10 — 10
Stock-based compensation expense ...................... — — — — — — 47 — — — 47 — 47
Common stock repurchased ............................ — — (26,987,043) (26,987,043) — — — — — (600) (600) — (600)
Shares repurchased related to employee stock-based
compensation plans ................................. — — (6,365,002) (6,365,002) — — — — — (139) (139) — (139)
Balance at December 31, 2013 ......................... 7,300,000 545,210,941 (116,262,066) 428,948,875 $565 $109 $4,399 $13 $2,584 $(2,033) $5,637 $ 5 $5,642
See accompanying notes to consolidated financial statements.
F-10