CenturyLink 2015 Annual Report Download - page 151
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CENTURYLINK, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Years Ended December 31,
2015 2014 2013
(Dollars in millions)
COMMON STOCK (represents dollars and shares)
Balance at beginning of period ....................................... $ 569 584 626
Issuance of common stock through dividend reinvestment, incentive and
benefit plans ................................................... 2 4 4
Repurchase of common stock ....................................... (27) (19) (46)
Balance at end of period ............................................ 544 569 584
ADDITIONAL PAID-IN CAPITAL
Balance at beginning of period ....................................... 16,324 17,343 19,079
Issuance of common stock through dividend reinvestment, incentive and
benefit plans ................................................... 9 46 69
Repurchase of common stock ....................................... (767) (591) (1,551)
Shares withheld to satisfy tax withholdings ............................. (19) (16) (18)
Share-based compensation and other, net .............................. 77 82 85
Dividends declared ................................................ (446) (540) (321)
Balance at end of period ............................................ 15,178 16,324 17,343
ACCUMULATED OTHER COMPREHENSIVE LOSS
Balance at beginning of period ....................................... (2,017) (802) (1,701)
Other comprehensive income (loss) ................................... 83 (1,215) 899
Balance at end of period ............................................ (1,934) (2,017) (802)
RETAINED EARNINGS
Balance at beginning of period ....................................... 147 66 1,285
Net income (loss) ................................................. 878 772 (239)
Dividends declared ................................................ (753) (691) (980)
Balance at end of period ............................................ 272 147 66
TOTAL STOCKHOLDERS’ EQUITY .................................... $14,060 15,023 17,191
See accompanying notes to consolidated financial statements.
B-43