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70
VECTREN CORPORATION AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENTS OF COMMON SHAREHOLDERS' EQUITY
(In millions, except per share amounts)
A
ccumulated
Common Stock Other
Retained Comprehensive
Shares
A
mount Earnings Income (Loss) Total
Balance at January 1, 2008 76.3
532.7$
688.5$
12.5$ 1,233.7$
Comprehensive income:
Net income 129.0
129.0
Pension/OPEB funded status adjustment - net of $1.7 million in tax (2.4) (2.4)
Cash flow hedges:
reclassifications to net income- net of $0.2 million in tax (0.2) (0.2)
Comprehensive income of unconsolidated
affiliates - net of $20.0 million in tax (30.2) (30.2)
Total comprehensive income 96.2
Pension/OPEB measurement date adjustment
- net of $1.1 million in tax (see note 9) (1.6) (1.6)
Common stock:
Issuance: settlement of equity forward 4.6
124.9
124.9
Issuance: option exercises & dividend reinvestment plan 0.1
1.2
1.2
Dividends ($1.310 per share) (102.6)
(102.6)
Other 0.3
(0.5)
(0.2)
Balance at December 31, 2008 81.0
659.1
712.8
(20.3) 1,351.6
Comprehensive income:
Net income 133.1
133.1
Pension/OPEB funded status adjustment - net of $0.4 million in tax 0.5 0.5
Comprehensive income of unconsolidated
affiliates - net of $8.9 million in tax 13.0 13.0
Total comprehensive income 146.6
Common stock:
Issuance: option exercises & dividend reinvestment plan 0.3
5.8
5.8
Dividends ($1.345 per share) (108.6)
(108.6)
Other (0.2)
1.9
(0.1)
1.8
Balance at December 31, 2009 81.1
666.8
737.2
(6.8) 1,397.2
Comprehensive income:
Net income 133.7
133.7
Pension/OPEB funded status adjustment - net of $0.2 million in tax (0.3) (0.3)
Cash flow hedges:
unrealized gains (losses) - net of $1.5 million in tax 2.5 2.5
reclassifications to net income- net of tax (0.1) (0.1)
Comprehensive income of unconsolidated
affiliates - net of $0.2 million in tax 0.3 0.3
Total comprehensive income 136.1
Common stock:
Issuance: option exercises & dividend reinvestment plan 0.6
14.0
14.0
Dividends ($1.365 per share) (110.8)
(110.8)
Other 2.6
(0.2)
2.4
Balance at December 31, 2010 81.7
683.4$
759.9$
(4.4)$ 1,438.9$
The accompanying notes are an integral part of these consolidated financial statements.