SunTrust 2003 Annual Report Download - page 60

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Accumulated
Additional Treasury Other
Common Paid in Retained Stock and Comprehensive
(Dollars in thousands) Stock Capital Earnings Other1Income Total
Balance, January 1, 2001 $323,163 $1,274,416 $ 6,312,044 $(1,613,189) $1,942,774 $8,239,208
Net income — — 1,375,537 — — 1,375,537
Other comprehensive income:
Adoption of SFAS No. 133 — — — — (10,560) (10,560)
Change in unrealized gains (losses)
on derivatives, net of taxes — — — — (45,169) (45,169)
Change in unrealized gains (losses)
on securities, net of taxes — — — — (231,792) (231,792)
Total comprehensive income 1,088,016
Cash dividends declared and paid,
$1.60 per share — — (463,529) — — (463,529)
Exercise of stock options — (15,771) — 34,784 — 19,013
Acquisition of treasury stock — — — (551,485) — (551,485)
Retirement of treasury stock (29,000) — (1,744,101) 1,773,101 — —
Performance stock activity — 103 — (103) — —
Amortization of compensation element
of performance stock — — — 6,110 — 6,110
Issuance of stock for employee benefit plans — 861 — 21,374 — 22,235
Balance, December 31, 2001 294,163 1,259,609 5,479,951 (329,408) 1,655,253 8,359,568
Net income — — 1,331,809 — — 1,331,809
Other comprehensive income:
Change in unrealized gains (losses)
on derivatives, net of taxes — — — — 8,984 8,984
Change in unrealized gains (losses)
on securities, net of taxes — — — — (126,891) (126,891)
Accumulated other comprehensive income
related to retirement plans — — — — (27,876) ( 27,876)
Total comprehensive income 1,186,026
Cash dividends declared and paid,
$1.72 per share — — (489,543) — — (489,543)
Exercise of stock options and stock
compensation element — (6,801) — 19,625 — 12,824
Acquisition of treasury stock — — — (340,656) — (340,656)
Performance stock activity — 17,236 — (19,842) — (2,606)
Amortization of compensation element
of performance stock — — — 3,074 — 3,074
Issuance of stock for employee benefit plans — 6,066 — 34,743 — 40,809
Balance, December 31, 2002 294,163 1,276,110 6,322,217 (632,464) 1,509,470 8,769,496
Net income — — 1,332,297 ——1,332,297
Other comprehensive income:
Change in unrealized gains (losses)
on derivatives, net of taxes — — — — 29,488 29,488
Change in unrealized gains (losses)
on securities, net of taxes — — — — 115,254 115,254
Accumulated other comprehensive income
related to retirement plans — — — — 9,881 9,881
Total comprehensive income 1,486,920
Cash dividends declared and paid,
$1.80 per share — — (505,396) ——(505,396)
Exercise of stock options and stock
compensation element — (1,859) —38,526 —36,667
Acquisition of treasury stock — — — (182,152) —(182,152)
Acquisition of Lighthouse Financial
Services, Inc. — 11,745 —64,144 (1) 75,888
Performance stock activity — (572) —572 ——
Amortization of compensation element
of performance stock — — — 5,475 —5,475
Issuance of stock for employee benefit plans — 2,887 —41,381 —44,268
Balance, December 31, 2003 $294,163 $1,288,311 $ 7,149,118 $ (664,518) $1,664,092 $9,731,166
1Balance at December 31, 2003 includes $634,878 for treasury stock and $29,640 for compensation element of restricted stock.
Balance at December 31, 2002 includes $603,602 for treasury stock and $28,862 for compensation element of restricted stock.
See notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
58 SunTrust Banks, Inc. Annual Report 2003