AIG 2012 Annual Report Download - page 224

AMERICAN INTERNATIONAL GROUP, INC.
CONSOLIDATED STATEMENT OF EQUITY
Balance, January 1, 2010 $ 69,784 $ 354 $ (874) $ 5,030 $ (11,491) $ 7,021 $ 69,824 $ 28,252 $ 98,076
Cumulative effect of change in accounting
principle, net of tax – – – – (8,415) (932) (9,347) – (9,347)
Series F drawdown 2,199 – – – – – 2,199 – 2,199
Common stock issued – 2 – (20) – – (18) – (18)
Equity unit exchange – 12 – 3,645 – – 3,657 – 3,657
Net income attributable to AIG or other
noncontrolling interests
(a)
– – – – 10,058 – 10,058 336 10,394
Net income attributable to noncontrolling
nonvoting, callable, junior and senior
preferred interests – – – – – – – 1,818 1,818
Other comprehensive income
(b)
– – – – – 2,782 2,782 176 2,958
Deferred income taxes – – – (332) – – (332) – (332)
Net decrease due to deconsolidation – – – – – – – (2,740) (2,740)
Contributions from noncontrolling interests – – – – – – – 253 253
Distributions to noncontrolling interests – – – – – – – (175) (175)
Other – – 1 32 – – 33 – 33
Balance, December 31, 2010 $ 71,983 $ 368 $ (873) $ 8,355 $ (9,848) $ 8,871 $ 78,856 $ 27,920 $ 106,776
Series F drawdown 20,292 – – – – – 20,292 – 20,292
Repurchase of SPV preferred interests in
connection with Recapitalization
(c)
– – – – – – – (26,432) (26,432)
Exchange of consideration for preferred
stock in connection with Recapitalization
(c)
(92,275) 4,138 – 67,460 – – (20,677) – (20,677)
Common stock issued – 250 – 2,636 – – 2,886 – 2,886
Purchase of common stock – – (70) – – – (70) – (70)
Settlement of equity unit stock purchase
contract – 9 – 2,160 – – 2,169 – 2,169
Net income attributable to AIG or other
noncontrolling interests
(a)
– – – – 20,622 – 20,622 82 20,704
Net income attributable to noncontrolling
nonvoting, callable, junior and senior
preferred interests – – – – – – – 74 74
Other comprehensive loss
(b)
– – – – – (2,483) (2,483) (119) (2,602)
Deferred income taxes – – – 2 – – 2 – 2
Acquisition of noncontrolling interest – – – (164) – 93 (71) (489) (560)
Net decrease due to deconsolidation – – – – – – – (123) (123)
Contributions from noncontrolling interests – – – – – – – 120 120
Distributions to noncontrolling interests – – – – – – – (128) (128)
Other – 1 1 10 – – 12 (50) (38)
Balance, December 31, 2011 $ – $ 4,766 $ (942) $ 80,459 $ 10,774 $ 6,481 $ 101,538 $ 855 $ 102,393
Common stock issued under stock plans
Purchase of common stock
Net income attributable to AIG or other
noncontrolling interests
(a)
Other comprehensive income (loss)
(b)
Deferred income taxes
Net decrease due to deconsolidation
Contributions from noncontrolling interests
Distributions to noncontrolling interests
Other
Balance, December 31, 2012
(a) Excludes gains of $222 million, $552 million and $73 million in 2012, 2011 and 2010, respectively, attributable to redeemable noncontrolling interests and net
income attributable to noncontrolling nonvoting, callable, junior and senior preferred interests held by the Federal Reserve Bank of New York of $0, $74 million and
$1.8 billion in 2012, 2011 and 2010, respectively.
(b) Excludes $4 million, $(2) million and $5 million attributable to redeemable noncontrolling interests for the year ended December 31, 2012, 2011 and 2010,
respectively.
(c) See Notes 18 and 25 to Consolidated Financial Statements.
See Accompanying Notes to Consolidated Financial Statements, which include a summary of revisions to prior year balances in connection with a
change in accounting principle.
..................................................................................................................................................................................................................................
AIG 2012 Form 10-K 207
Non
Retained Accumulated Total AIG redeemable
Additional Earnings Other Share- non-
Preferred Common Treasury Paid-in (Accumulated Comprehensive holders’ controlling Total
(in millions) Stock Stock Stock Capital Deficit) Income Equity Interests Equity
– – 18 (15) – – 3 – 3
– – (13,000) – – – (13,000) – (13,000)
– – – – 3,438 – 3,438 40 3,478
– – – – – 6,093 6,093 (1) 6,092
– – – (9) – – (9) – (9)
– – – – – – – (27) (27)
––– – – – – 8080
– – – – – – – (167) (167)
– – – (25) (36) – (61) (113) (174)
$ – $ 4,766 $ (13,924) $ 80,410 $ 14,176 $ 12,574 $ 98,002 $ 667 $ 98,669