The Hartford 2011 Annual Report Download - page 141

F-6
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
Consolidated Statements of Changes in Stockholders’ Equity
For the years ended December 31,
(In millions, except for share data)
2011
2010
2009
Preferred Stock, at beginning of period
556
$
2,960
$
—
Issuance of mandatory convertible preferred stock
—
556
—
Accelerated accretion of discount from redemption of preferred stock issued to U.S. Treasury
—
440
—
Issuance (redemption) of preferred stock to the U.S. Treasury
—
(3,400)
2,920
Accretion of preferred stock discount on issuance to U.S. Treasury
—
—
40
Preferred Stock, at end of period
556
556
2,960
Common Stock
5
5
4
Additional Paid-in Capital, at beginning of period 10,448 8,985 7,569
Issuance of common shares under public offering
—
1,599
—
Issuance of shares under incentive and stock compensation plans
(50)
(130)
(126)
Tax expense on employee stock options and awards (7) (6) (11)
Issuance of shares under discretionary equity issuance plan
—
—
887
Issuance of warrants to U.S. Treasury
—
—
480
Reclassification of warrants from other liabilities to equity and extension of warrants’ term — — 186
Additional Paid-in Capital, at end of period
10,391
10,448
8,985
Retained Earnings, at beginning of period, before cumulative effect of accounting change, net of tax
12,077
11,164
11,336
Cumulative effect of accounting change, net of tax — 26 —
Retained Earnings, at beginning of period, as adjusted
12,077
11,190
11,336
Net income (loss)
662
1,680
(887)
Cumulative effect of accounting changes, net of tax
—
(194)
912
Accelerated accretion of discount from redemption of preferred stock issued to U.S. Treasury
—
(440)
—
Dividends on preferred stock
(42)
(75)
(87)
Dividends declared on common stock
(178)
(84)
(70)
Accretion of preferred stock discount on issuance to U.S. Treasury
—
—
(40)
Retained Earnings, at end of period
12,519
12,077
11,164
Treasury Stock, at Cost, at beginning of period
(1,774)
(1,936)
(2,120)
Issuance of shares under incentive and stock compensation plans from treasury stock
115
165
187
Treasury stock acquired
(51)
—
—
Return of shares under incentive and stock compensation plans to treasury stock
(8)
(3)
(3)
Treasury Stock, at Cost, at end of period
(1,718)
(1,774)
(1,936)
Accumulated Other Comprehensive Loss, Net of Tax, at beginning of period
(1,001)
(3,312)
(7,520)
Cumulative effect of accounting changes, net of tax — 194 (912)
Total other comprehensive income
2,158
2,117
5,120
Accumulated Other Comprehensive Income (Loss), Net of Tax, at end of period
1,157
(1,001)
(3,312)
Noncontrolling Interest, at beginning of period
—
29
92
Recognition of noncontrolling interest in other liabilities
—
(29)
—
Change in noncontrolling interest ownership
—
—
(56)
Noncontrolling loss
—
—
(7)
Noncontrolling Interest, at end of period
—
—
29
Total Stockholders’ Equity
$
22,910
$
20,311
$
17,894
Preferred Shares Outstanding, at beginning of period (in thousands)
575
3,400
6,048
Redemption of preferred shares issued to the U.S. Treasury
—
(3,400)
—
Issuance of mandatory convertible preferred shares
—
575
—
Conversion of preferred to common shares
—
—
(6,048)
Issuance of shares to U.S. Treasury
—
—
3,400
Preferred Shares Outstanding, at end of period
575
575
3,400
Common Shares Outstanding, at beginning of period (in thousands)
444,549
383,007
300,579
Issuance of shares under public offering
—
59,590
—
Issuance of shares under incentive and stock compensation plans 1,476 2,095 2,356
Return of shares under incentive and stock compensation plans and other to treasury stock
(261)
(143)
(204)
Treasury stock acquired
(3,225)
—
(27)
Conversion of preferred to common shares
—
—
24,194
Issuance of shares under discretionary equity issuance plan
—
—
56,109
Common Shares Outstanding, at end of period
442,539
444,549
383,007
See Notes to Consolidated Financial Statements.