Comerica 2010 Annual Report Download - page 76

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
Comerica Incorporated and Subsidiaries
(in millions, except per
share data)
Nonredeemable
Preferred
Stock
Common Stock
Capital
Surplus
Accumulated
Other
Comprehensive
Loss
Retained
Earnings
Treasury
Stock
Total
Shareholders’
Equity
Shares
Outstanding Amount
BALANCE AT
DECEMBER 31, 2007 $ - 150.0 $ 894 $ 564 $ (177) $ 5,497 $ (1,661) $ 5,117
Net income - - - - - 213 - 213
Other comprehensive loss,
net of tax - - - - (132) - - (132)
Total comprehensive income 81
Cash dividends declared on
common stock ($2.31 per
share) - - - - - (348) - (348)
Purchase of common stock - - - - - - (1) (1)
Issuance of preferred stock
and related warrant 2,126 - - 124 - - - 2,250
Accretion of discount on
preferred stock 3 - - - - (3) - -
Net issuance of common
stock under employee
stock plans - 0.5 - (19) - (14) 33 -
Share-based compensation - - - 53 - - - 53
BALANCE AT
DECEMBER 31, 2008 $ 2,129 150.5 $ 894 $ 722 $ (309) $ 5,345 $ (1,629) $ 7,152
Net income - - - - - 17 - 17
Other comprehensive loss,
net of tax - - - - (27) - - (27)
Total comprehensive loss (10)
Cash dividends declared on
preferred stock - - - - - (113) - (113)
Cash dividends declared on
common stock ($0.20 per
share) - - - - - (30) - (30)
Purchase of common stock - (0.1) - - - - (1) (1)
Accretion of discount on
preferred stock 22 - - - - (22) - -
Net issuance of common
stock under employee
stock plans - 0.8 - (15) - (36) 48 (3)
Share-based compensation - - - 32 - - - 32
Other - - - 1 - - 1 2
BALANCE AT
DECEMBER 31, 2009 $ 2,151 151.2 $ 894 $ 740 $ (336) $ 5,161 $ (1,581) $ 7,029
Net income - - - - - 277 - 277
Other comprehensive loss,
net of tax - - - - (53) - - (53)
Total comprehensive income 224
Cash dividends declared on
preferred stock - - - - - (38) - (38)
Cash dividends declared on
common stock ($0.25 per
share) - - - - - (44) - (44)
Purchase of common stock - (0.1) - - - - (4) (4)
Issuance of common stock - 25.1 125 724 - - - 849
Redemption of preferred
stock (2,250) - - - - - - (2,250)
Redemption discount
accretion on preferred
stock 94 - - - - (94) - -
Accretion of discount on
preferred stock 5 - - - - (5) - -
Net issuance of common
stock under employee
stock plans - 0.3 - (11) - (10) 19 (2)
Share-based compensation ---32---32
Other - - - (4) - - 1 (3)
BALANCE AT
DECEMBER 31, 2010 $ - 176.5 $ 1,019 $ 1,481 $ (389) $ 5,247 $ (1,565) $ 5,793
See notes to consolidated financial statements.
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