United Airlines 2010 Annual Report Download - page 86

UNITED CONTINENTAL HOLDINGS, INC.
STATEMENTS OF CONSOLIDATED STOCKHOLDERS’ EQUITY (DEFICIT)
(In millions)
Common Stock Additional
Capital
Invested
Treasury
Stock
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss) TotalShares Amount
Balance at December 31, 2007 ...................... 117 $ 1 $2,392 (15) $ 91 $141 $ 2,610
Net loss .................................... — — — — (5,396) — (5,396)
Other comprehensive income (loss):
Net change in unrealized losses on financial
instruments ........................... — — — — — (37) (37)
Net change related to employee benefit
plans ................................ — — — — — (11) (11)
Total comprehensive loss, net .................. (5,444)
Preferred stock dividends ...................... — — — — (3) — (3)
Conversion of preferred stock .................. 11 — 374 — — — 374
Issuance of common stock ..................... 11 — 122 — — — 122
Share-based compensation ..................... 1 — 31 — — — 31
Treasury stock acquisitions .................... — — — (11) — — (11)
Balance at December 31, 2008 ...................... 140 1 2,919 (26) (5,308) 93 (2,321)
Net loss .................................... — — — — (651) — (651)
Other comprehensive income (loss):
Net change in unrealized gains on financial
instruments ........................... — — — — — 15 15
Net change related to employee benefit
plans ................................ — — — — — (73) (73)
Total comprehensive loss, net .................. (709)
Issuance of common stock ..................... 26 1 206 — — — 207
Share-based compensation ..................... — — 11 — — — 11
Other ...................................... 2 — — — 3 — 3
Treasury stock acquisitions .................... — — — (2) — — (2)
Balance at December 31, 2009 ...................... 168 2 3,136 (28) (5,956) 35 (2,811)
Net income ..................................... — — — — 253 — 253
Other comprehensive income (loss):
Net change in unrealized gains on derivative
instruments and other ................... — — — — — 257 257
Net change related to employee benefit
plans ................................ — — — — — 95 95
Total comprehensive income, net .................... 605
Shares issued in exchange for Continental common
stock .................................... 148 1 3,501 — — — 3,502
Equity component of Continental convertible debt
assumed in Merger ......................... — — 157 — — — 157
Shares issued in exchange for redemption of
Continental convertible debt ................. 9 — 164 — — — 164
Fair value of Continental stock options related to
Merger ................................... — — 78 — — — 78
Share-based compensation ..................... — — 14 — — — 14
Proceeds from exercise of stock options .......... 3 — 21 — — — 21
Treasury stock acquisitions .................... — — — (3) — — (3)
Balance at December 31, 2010 ...................... 328 $ 3 $7,071 $ (31) $(5,703) $387 $ 1,727
The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements.
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