Sallie Mae 2015 Annual Report Download - page 98
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F-8
SLM CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(In thousands, except share and per share
amounts)
Common Stock Shares
Preferred
Stock
Shares Issued Treasury Outstanding Preferred
Stock Common
Stock
Additional
Paid-In
Capital
Navient's
Subsidiary
Investment
Accumulated
Other
Comprehensive
Income (Loss) Retained
Earnings Treasury
Stock
Total SLM
Corporation
Equity
Non-
controlling
interest Total Equity
Balance at
December 31, 2013 .
— — — — $ — $ — $ — $ 1,164,495 $ (3,024) $ — $ — $ 1,161,471 $ 4,672 $ 1,166,143
Net income (loss).— — — — — — — 68,173 — 126,046 — 194,219 (434) 193,785
Other
comprehensive
loss, net of tax . . . — — — — — — — — (8,369) — — (8,369) — (8,369)
Total
comprehensive
income (loss) . . . . . . — — — — — — — — — — — 185,850 (434) 185,416
Net transfers from
affiliate. . . . . . . . . . . — — — — — — — 479,409 — — — 479,409 — 479,409
Separation
adjustments related
to Spin-Off of
Navient
Corporation. . . . . . . 7,300,000 422,790,320 — 422,790,320 565,000 84,558 1,062,519 (1,712,077) — — — — — —
Sale of non-
controlling interest .— — — — — — — — — — — — (4,238) (4,238)
Cash dividends:
Preferred Stock,
series A ($2.61
per share). . . . . . . — — — — — — — — — (7,667) — (7,667) — (7,667)
Preferred Stock,
series B ($1.47
per share). . . . . . . — — — — — — — — — (5,266) — (5,266) — (5,266)
Dividend equivalent
units related to
employee stock-
based compensation
plans. . . . . . . . . . . . . — — — — — — 47 — — (47) — — —
Issuance of common
shares . . . . . . . . . . . . — 2,013,805 — 2,013,805 — 403 8,280 — — — — 8,683 — 8,683
Tax benefit related
to employee stock-
based compensation — — — — — — 3,271 — — — — 3,271 — 3,271
Stock-based
compensation
expense. . . . . . . . . . . — — — — — — 16,394 — — — — 16,394 — 16,394
Shares repurchased
related to employee
stock-based
compensation plans — — (1,365,277) (1,365,277) — — — — — — (12,187) (12,187) — (12,187)
Balance at
December 31, 2014 .
7,300,000 424,804,125 (1,365,277) 423,438,848 $ 565,000 $ 84,961 $ 1,090,511 $ — $ (11,393) $ 113,066 $ (12,187) $ 1,829,958 $ — $ 1,829,958
See accompanying notes to consolidated financial statements.