Windstream 2013 Annual Report Download - page 180
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F-44
WINDSTREAM CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(Millions, except per share amounts)
Common Stock
and Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
(Loss) Income Retained
Earnings Total
Balance at December 31, 2010 $ 855.1 $ (24.1) $ — $ 831.0
Net income — — 169.5 169.5
Other comprehensive income, net of tax:
Change in postretirement and pension plans — 15.8 — 15.8
Amortization of unrealized losses on de-designated
interest rate swaps — 30.3 — 30.3
Changes in designated interest rate swaps —(20.1) — (20.1)
Comprehensive income — 26.0 169.5 195.5
Share-based compensation expense 24.1 — — 24.1
Stock options exercised 2.3 — — 2.3
Stock issued to PAETEC shareholders (See Note 3) 842.0 — — 842.0
Stock issued to qualified pension plan (See Note 8) 135.8 — — 135.8
Taxes withheld on vested restricted stock and other (4.4) — — (4.4)
Dividends of $1.00 per share declared to stockholders (361.5) — (169.5)(531.0)
Balance at December 31, 2011 $ 1,493.4 $ 1.9 $ — $ 1,495.3
Net income — — 168.0 168.0
Other comprehensive income, net of tax:
Change in postretirement and pension plans —(10.9) — (10.9)
Amortization of unrealized losses on de-designated
interest rate swaps — 28.0 — 28.0
Changes in designated interest rate swaps —(12.6) — (12.6)
Comprehensive income — 4.5 168.0 172.5
Share-based compensation expense 25.4 — — 25.4
Stock options exercised 6.0 — — 6.0
Taxes withheld on vested restricted stock and other (5.6) — — (5.6)
Dividends of $1.00 per share declared to stockholders (420.8) — (168.0)(588.8)
Balance at December 31, 2012 $ 1,098.4 $ 6.4 $ — $ 1,104.8
Net income — — 241.3 241.3
Other comprehensive income, net of tax:
Change in postretirement and pension plans —(17.5) — (17.5)
Amortization of unrealized losses on de-designated
interest rate swaps — 22.2 — 22.2
Changes in designated interest rate swaps — 17.4 — 17.4
Comprehensive income — 22.1 241.3 263.4
Share-based compensation expense 26.8 — — 26.8
Stock options exercised 0.8 — — 0.8
Stock issued to 401(k) plan (See Note 8) 20.4 — — 20.4
Stock issued to qualified pension plan (See Note 8) 27.8 — — 27.8
Taxes withheld on vested restricted stock and other (8.0) — — (8.0)
Distributions payable to Windstream Holdings, Inc. (149.5) — (149.3)(298.8)
Dividends of $0.50 per share declared to stockholders (204.7) — (92.0)(296.7)
Balance at December 31, 2013 $ 812.0 $ 28.5 $ — $ 840.5
The accompanying notes are an integral part of these consolidated financial statements.