Chesapeake Energy 2013 Annual Report Download - page 85
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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
The accompanying notes are an integral part of these consolidated financial statements.
77
Years Ended December 31,
2013 2012 2011
($ in millions)
PREFERRED STOCK:
Balance, beginning of period .......................................................................... $ 3,062 $ 3,062 $ 3,065
Conversion of 0,0 and 3,000 shares of preferred stock for common stock..... — — (3)
Balance, end of period .................................................................................... 3,062 3,062 3,062
COMMON STOCK:
Balance, beginning and end of period ............................................................ 777
PAID-IN CAPITAL:
Balance, beginning of period .......................................................................... 12,293 12,146 12,194
Stock-based compensation ............................................................................ 162 174 171
Conversion of preferred stock for 0, 0 and 111,111 shares of common stock.— — 3
Purchase of contingent convertible notes ....................................................... — — (123)
Offering/transaction expenses ........................................................................ — — (12)
Reduction in tax benefit from stock-based compensation............................... (13) (30) (26)
Dividends on common stock ........................................................................... — — (48)
Dividends on preferred stock .......................................................................... — — (15)
Exercise of stock options ................................................................................ 432
Balance, end of period .................................................................................... 12,446 12,293 12,146
RETAINED EARNINGS:
Balance, beginning of period .......................................................................... 437 1,608 190
Net income (loss) attributable to Chesapeake ................................................ 724 (769) 1,742
Dividends on common stock ........................................................................... (233) (231) (168)
Dividends on preferred stock .......................................................................... (171) (171) (156)
Premium on purchase of preferred shares of a subsidiary ............................. (69) — —
Balance, end of period .................................................................................... 688 437 1,608
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
Balance, beginning of period .......................................................................... (182) (166) (168)
Hedging activity .............................................................................................. 22 (11) 3
Investment activity .......................................................................................... (2) (5) (1)
Balance, end of period .................................................................................... (162) (182) (166)