SunTrust 2012 Annual Report Download - page 118

102
SunTrust Banks, Inc.
Consolidated Statements of Shareholders’ Equity
(Dollars and shares in millions, except per share data)
Preferred
Stock
Common
Shares
Outstanding
Common
Stock
Additional
Paid in
Capital
Retained
Earnings
Treasury
Stock and
Other 1
Accumulated
Other
Comprehensive
Income 2Total
Balance, January 1, 2010 $4,917 499 $515 $8,521 $8,563 ($1,055) $1,070 $22,531
Net Income — — — — 189 — — 189
Other comprehensive income — — — — — — 546 546
Change in noncontrolling interest — — — — — 4 — 4
Common stock dividends, $0.04 per share — — — — (20) — — (20)
Series A preferred stock dividends, $4,056 per share — — — — (7) — — (7)
U.S. Treasury preferred stock dividends, $5,000 per share — — — — (242) — — (242)
Accretion of discount for preferred stock issued to U.S.
Treasury 25 — — — (25) — — —
Stock compensation expense — — — 24 — — — 24
Restricted stock activity — 1 — (97) — 66 — (31)
Amortization of restricted stock compensation — — — — — 42 — 42
Issuance of stock for employee benefit plans and other — — — (45) 2 55 — 12
Fair value election of MSRs — — — — 89 — — 89
Adoption of VIE consolidation guidance — — — — (7) — — (7)
Balance, December 31, 2010 $4,942 500 $515 $8,403 $8,542 ($888) $1,616 $23,130
Net income — — — — 647 — — 647
Other comprehensive income — — — — — — 133 133
Change in noncontrolling interest — — — — — (22) — (22)
Common stock dividends, $0.12 per share — — — — (64) — — (64)
Series A preferred stock dividends, $4,056 per share — — — — (7) — — (7)
U.S. Treasury preferred stock dividends, $1,236 per share — — — — (60) — — (60)
Accretion of discount for preferred stock issued to U.S.
Treasury 6 — — — (6) — — —
Repurchase of preferred stock issued to U.S. Treasury (4,776) — — — (74) — — (4,850)
Purchase of outstanding warrants (11) (11)
Issuance of common stock — 35 35 982 — — — 1,017
Issuance of preferred stock 103 — — — — — — 103
Exercise of stock options and stock compensation expense — — — 11 — 1 — 12
Restricted stock activity — 1 — (58) — 50 — (8)
Amortization of restricted stock compensation — — — — — 32 — 32
Issuance of stock for employee benefit plans and other — 1 — (21) — 35 — 14
Balance, December 31, 2011 $275 537 $550 $9,306 $8,978 ($792) $1,749 $20,066
Net income — — — — 1,958 — — 1,958
Other comprehensive loss — — — — — — (1,440) (1,440)
Change in noncontrolling interest — — — — — 7 — 7
Common stock dividends, $0.20 per share — — — — (107) — — (107)
Preferred stock dividends, $4,052 per share — — — — (12) — — (12)
Issuance of preferred stock 450 — — (12) — — — 438
Exercise of stock options and stock compensation expense — 1 — (44) — 65 — 21
Restricted stock activity — 1 — (63) — 69 — 6
Amortization of restricted stock compensation — — — — — 30 — 30
Issuance of stock for employee benefit plans and other — — — (13) — 31 — 18
Balance, December 31, 2012 $725 539 $550 $9,174 $10,817 ($590) $309 $20,985
1 At December 31, 2012, includes ($656) million for treasury stock, ($48) million for compensation element of restricted stock, and $114 million for noncontrolling interest.
At December 31, 2011, includes ($851) million for treasury stock, ($48) million for compensation element of restricted stock, and $107 million for noncontrolling interest.
At December 31, 2010, includes ($974) million for treasury stock, ($43) million for compensation element of restricted stock, and $129 million for noncontrolling interest.
2 Components of AOCI at December 31, 2012, included $520 million in unrealized net gains on AFS securities, $532 million in unrealized net gains on derivative financial instruments, and
($743) million related to employee benefit plans. At December 31, 2011, components included $1,863 million in unrealized net gains on AFS securities, $569 million in unrealized net gains
on derivative financial instruments, and ($683) million related to employee benefit plans. At December 31, 2010, components included $1,526 million in unrealized net gains on AFS securities,
$532 million in unrealized net gains on derivative financial instruments, and ($442) million related to employee benefit plans.
See Notes to Consolidated Financial Statements.