Sallie Mae 2015 Annual Report Download - page 99
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F-9
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
Accumulated
Other
Comprehensive
Income (Loss) Retained
Earnings Treasury Stock
Total SLM
Corporation
Equity
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
Net income . . . . . . . . . . . . . . . . . . . — — — — — — — — 274,284 — 274,284
Other comprehensive loss, net of
tax . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — (4,666) — — (4,666)
Total comprehensive income . . . . . . — — — — — — — — — — 269,618
Separation adjustments related to
the Spin-Off of Navient
Corporation . . . . . . . . . . . . . . . . . . . . — — — — — — 1,660 — — — 1,660
Cash dividends:
Preferred Stock, series A ($3.48
per share) . . . . . . . . . . . . . . . . . . . . — — — — — — — — (11,501) — (11,501)
Preferred Stock, series B ($2.06
per share) . . . . . . . . . . . . . . . . . . . . — — — — — — — — (8,094) — (8,094)
Dividend equivalent units related to
employee stock-based
compensation plans. . . . . . . . . . . . . . — — — — — — 1,146 — (1,146) — —
Issuance of common shares . . . . . . . — 5,873,309 5,873,309 — 1,175 14,805 — — — 15,980
Tax benefit related to employee
stock-based compensation . . . . . . . . — — — — — — 6,140 — — — 6,140
Stock-based compensation expense .— — — — — — 21,598 — — — 21,598
Shares repurchased related to
employee stock-based
compensation plans. . . . . . . . . . . . . . — — (3,008,913) (3,008,913) — — — — — (29,036) (29,036)
Balance at December 31, 2015 . . . . . 7,300,000 430,677,434 (4,374,190) 426,303,244 565,000 86,136 1,135,860 (16,059) 366,609 (41,223) 2,096,323
See accompanying notes to consolidated financial statements.