SunTrust 2007 Annual Report Download - page 92

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SUNTRUST BANKS, INC.
Consolidated Statements of Shareholders’ Equity
(Dollars and shares in thousands)
Preferred
Stock
Common
Shares
Outstanding
Common
Stock
Additional
Paid in
Capital
Retained
Earnings
Treasury
Stock and
Other1
Accumulated
Other
Comprehensive
Income Total
Balance, January 1, 2005 $- 360,840 $370,578 $6,749,219 $8,118,710 ($528,558) $1,276,950 $15,986,899
Net income - - - - 1,987,239 - - 1,987,239
Other comprehensive income:
Change in unrealized gains (losses) on derivatives, net of taxes - - - - - - (10,744) (10,744)
Change in unrealized gains (losses) on securities, net of taxes - - - - - - (332,183) (332,183)
Change in accumulated other comprehensive income related to employee
benefit plans - - - - - - 4,068 4,068
Total comprehensive income 1,648,380
Common stock dividends, $2.20 per share - - - - (794,971) - - (794,971)
Exercise of stock options and stock compensation element expense - 2,663 - 13,438 - 147,802 - 161,240
Acquisition of treasury stock - (2,775) - - - (196,396) - (196,396)
Performance and restricted stock activity - 143 - (2,907) - 9,606 - 6,699
Amortization of compensation element of performance and restricted stock - - - - - 9,190 - 9,190
Issuance of stock for employee benefit plans - 1,113 - 1,795 - 64,420 - 66,215
Other activity - - - 139 - - 139
Balance, December 31, 2005 $- 361,984 $370,578 $6,761,684 $9,310,978 ($493,936) $938,091 $16,887,395
Net income - - - - 2,117,471 - - 2,117,471
Other comprehensive income:
Change in unrealized gains (losses) on derivatives, net of taxes - - - - - - 36,235 36,235
Change in unrealized gains (losses) on securities, net of taxes - - - - - - 330,771 330,771
Change in accumulated other comprehensive income related to employee
benefit plans - - - - - - 5,879 5,879
Total comprehensive income 2,490,356
Adoption of SFAS No. 158 - - - - - - (385,027) (385,027)
Common stock dividends, $2.44 per share - - - - (879,568) - - (879,568)
Preferred stock dividends, $1,548.78 per share - - - - (7,729) - - (7,729)
Issuance of preferred stock 500,000 - - (7,705) - - - 492,295
Issuance of forward purchase contract for preferred stock - - - (9,416) - - - (9,416)
Exercise of stock options and stock compensation element expense - 3,481 - 9,710 - 226,858 - 236,568
Acquisition of treasury stock - (13,102) - (98,877) - (1,006,166) - (1,105,043)
Performance and restricted stock activity - 1,196 - (24,503) - 18,770 - (5,733)
Amortization of compensation element of performance and restricted stock - - - - - 18,340 - 18,340
Issuance of stock for employee benefit plans - 1,141 - (5,913) - 72,081 - 66,168
Issuance of stock for BancMortgage contingent consideration - 203 - 2,216 - 12,784 - 15,000
Balance, December 31, 2006 $500,000 354,903 $370,578 $6,627,196 $10,541,152 ($1,151,269) $925,949 $17,813,606
Net income - - - - 1,634,015 --1,634,015
Other comprehensive income:
Change in unrealized gains (losses) on derivatives, net of taxes - - - - - - 139,732 139,732
Change in unrealized gains (losses) on securities, net of taxes - - - - - - 243,986 243,986
Change in accumulated other comprehensive income related to employee
benefit plans - - - - - - 70,401 70,401
Total comprehensive income 2,088,134
Common stock dividends, $2.92 per share - - - - (1,026,594) --(1,026,594)
Preferred stock dividends, $6,055.02 per share - - - - (30,275) --(30,275)
Exercise of stock options and stock compensation element expense - 2,794 -(1,471) -211,460 -209,989
Acquisition of treasury stock - (10,758) -71,267 -(924,652) -(853,385)
Performance and restricted stock activity - 682 -8,197 (3,535) (10,507) -(5,845)
Amortization of compensation element of performance and restricted stock - - - - - 34,820 -34,820
Issuance of stock for employee benefit plans - 785 -2,046 -60,594 -62,640
Adoption of SFAS No. 159 - - - - (388,604) -147,374 (241,230)
Adoption of SFAS No. 157 - - - - (10,943) -- (10,943)
Adoption of FIN 48 - - - - (41,844) -- (41,844)
Adoption of FSP FAS 13-2 - - - - (26,273) -- (26,273)
Pension plan changes and resulting remeasurement - - - - - - 79,707 79,707
Other activity - 5-58 (459) 412 -11
Balance, December 31, 2007 $500,000 348,411 $370,578 $6,707,293 $10,646,640 ($1,779,142) $1,607,149 $18,052,518
1 Balance at December 31, 2007 includes $1,688,521 for treasury stock and $90,622 for compensation element of restricted stock.
Balance at December 31, 2006 includes $1,090,782 for treasury stock and $60,487 for compensation element of restricted stock.
Balance at December 31, 2005 includes $467,714 for treasury stock and $26,222 for compensation element of restricted stock.
See Notes to Consolidated Financial Statements.
80