Chesapeake Energy 2012 Annual Report Download - page 98

CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
The accompanying notes are an integral part of these consolidated financial statements.
88
Years Ended December 31,
2012 2011 2010
($ in millions)
PREFERRED STOCK:
Balance, beginning of period .......................................................................... $ 3,062 $ 3,065 $ 466
Issuance of 0, 0 and 1,500,000 shares of 5.75% preferred stock .................. — — 1,500
Issuance of 0, 0 and 1,100,000 shares of 5.75% preferred stock (Series A).. — — 1,100
Conversion of 0, 3,000 and 5,000 shares of preferred stock for common
stock ............................................................................................................ — (3) (1)
Balance, end of period ................................................................................... 3,062 3,062 3,065
COMMON STOCK:
Balance, beginning of period .......................................................................... 776
Stock-based compensation ............................................................................ —— 1
Balance, end of period ................................................................................... 777
PAID-IN CAPITAL:
Balance, beginning of period .......................................................................... 12,146 12,194 12,146
Stock-based compensation ............................................................................ 174 171 226
Exchange of convertible notes for 0, 0 and 298,500 shares of common
stock ............................................................................................................ —— 8
Conversion of preferred stock for 0, 111,111 and 20,774 shares of common
stock ............................................................................................................ —31
Purchase of contingent convertible notes ....................................................... — (123) —
Offering/transaction expenses ........................................................................ — (12) (38)
Reduction in tax benefit from stock-based compensation .............................. (30) (26) (13)
Dividends on common stock .......................................................................... — (48) (95)
Dividends on preferred stock .......................................................................... — (15) (44)
Exercise of stock options ................................................................................ 323
Balance, end of period ................................................................................... 12,293 12,146 12,194
RETAINED EARNINGS:
Balance, beginning of period .......................................................................... 1,608 190 (1,261)
Net income (loss) attributable to Chesapeake ................................................ (769) 1,742 1,774
Cumulative effect of accounting change, net of income taxes of $0, $0 and
$89 million ................................................................................................... — — (142)
Dividends on common stock .......................................................................... (231) (168) (95)
Dividends on preferred stock .......................................................................... (171) (156) (86)
Balance, end of period ................................................................................... 437 1,608 190
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
Balance, beginning of period .......................................................................... (166) (168) 102
Hedging activity .............................................................................................. (11) 3 (265)
Investment activity .......................................................................................... (5) (1) (5)
Balance, end of period ................................................................................... (182) (166) (168)