Starwood 2012 Annual Report Download - page 165
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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF EQUITY
Equity Attributable to Starwood Stockholders
Shares Additional
Paid-in
Capital (1)
Accumulated
Other
Comprehensive
(Loss)
Income (2)
Retained
Earnings
Equity
Attributable to
Noncontrolling
Interests TotalShares Amount
(in millions)
Balance at December 31, 2009 . . 187 $ 2 $ 552 $(283) $1,553 $ 21 $1,845
Net income (loss) ............. — — — — 477 (2) 475
Stock option and restricted stock
award transactions, net ....... 6 — 248 — — — 248
ESPP stock issuances .......... — — 5 — — — 5
Impact of adoption of ASU
No. 2009-17 ............... — — — — (26) — (26)
Other comprehensive income
(loss) .................... — — — — — (1) (1)
Dividends declared ........... — — — — (57) (3) (60)
Balance at December 31, 2010 . . 193 2 805 (283) 1,947 15 2,486
Net income (loss) ............. — — — — 489 (2) 487
Stock option and restricted stock
award transactions, net ....... 3 — 154 — — — 154
ESPP stock issuances .......... — — 5 — — — 5
Other comprehensive income
(loss) .................... — — — (65) — 1 (64)
Dividends declared ........... — — — — (99) (1) (100)
Sale of controlling interest ...... — — — — — (13) (13)
Other ...................... — — (1) — — 1 —
Balance at December 31, 2011 . . 196 2 963 (348) 2,337 1 2,955
Net income (loss) ............. — — — — 562 — 562
Stock option and restricted stock
award transactions, net ....... 3 — 167 — — — 167
ESPP stock issuances .......... — — 6 — — — 6
Share repurchases ............ (6) — (320) — — — (320)
Other comprehensive income
(loss) .................... — — — 10 — — 10
Dividends declared ........... — — — — (242) — (242)
Sale of controlling interest ...... — — — — — — —
Other ...................... — — — — — 4 4
Balance at December 31, 2012 . . 193 $ 2 $ 816 $(338) $2,657 $ 5 $3,142
(1) Stock option and restricted stock award transactions are net of a tax (expense) benefit of $72 million, $26 million and $28 million in
2012, 2011, and 2010 respectively.
(2) As of December 31, 2012, this balance is comprised of $251 million of cumulative translation adjustments, $86 million of net
unrecognized actuarial losses, and $1 million of unrecognized losses on forward contracts.
The accompanying notes to financial statements are an integral part of the above statements.
F-8