Dominion Power 2005 Annual Report Download - page 60

Consolidated Statements of Common Shareholders’ Equity and
Comprehensive Income
Accumulated
Other Other
Common Stock Paid-In Retained Comprehensive
Shares Amount Capital Earnings Income (Loss) Total
(millions)
Balance at December 31, 2002 308 $ 9,051 $ 47 $1,561 $ (446) $10,213
Comprehensive income:
Net income 318 318
Net deferred derivative losses — hedging activities,
net of $479 tax benefit (791) (791)
Unrealized gains on investment securities,
net of $78 tax expense 112 112
Foreign currency translation adjustments 68 68
Amounts reclassified to net income:
Net realized losses on investment securities,
net of $29 tax benefit 49 49
Net derivative losses — hedging activities,
net of $225 tax benefit 379 379
Total comprehensive income 318 (183) 135
Issuance of stock — public offering 11 683 683
Issuance of stock — employee and direct stock purchase plans 3 206 206
Stock awards and stock options exercised (net of change in
unearned compensation) 3 112 112
Tax benefit from stock awards and stock options exercised 14 14
Dividends (825) (825)
Balance at December 31, 2003 325 10,052 61 1,054 (629) 10,538
Comprehensive income:
Net income 1,249 1,249
Net deferred derivative losses — hedging activities,
net of $632 tax benefit (1,118) (1,118)
Unrealized gains on investment securities,
net of $18 tax expense 37 37
Foreign currency translation adjustments 30 30
Amounts reclassified to net income:
Net realized losses on investment securities,
net of $12 tax benefit 23 23
Net derivative losses — hedging activities,
net of $407 tax benefit 705 705
Foreign currency translation adjustments (44) (44)
Total comprehensive income 1,249 (367) 882
Issuance of stock — equity-linked securities 7 413 413
Issuance of stock — employee and direct stock purchase plans 3 206 206
Stock awards and stock options exercised (net of change in
unearned compensation) 5 223 223
Cash settlement — forward equity transaction — (6) (6)
Tax benefit from stock awards and stock options exercised 31 31
Dividends (861) (861)
Balance at December 31, 2004 340 10,888 92 1,442 (996) 11,426
Comprehensive income:
Net income 1,033 1,033
Net deferred derivative losses — hedging activities,
net of $1,648 tax benefit (2,846) (2,846)
Unrealized gains on investment securities,
net of $19 tax expense 27 27
Minimum pension liability adjustment,
net of $3 tax expense 44
Foreign currency translation adjustments 10 10
Amounts reclassified to net income:
Net realized gains on investment securities,
net of $8 tax expense (11) (11)
Net derivative losses — hedging activities,
net of $723 tax benefit 1,250 1,250
Foreign currency translation adjustments (2) (2)
Total comprehensive income 1,033 (1,568) (535)
Issuance of stock — employee and direct stock purchase plans — 99
Stock awards and stock options exercised (net of change in
unearned compensation) 6 363 363
Issuance of stock — forward equity transaction 5 319 319
Stock repurchase and retirement (4) (276) (276)
Cash settlement — forward equity transaction — (17) (17)
Tax benefit from stock awards and stock options exercised 31 31
Dividends and other adjustments 2 (925) (923)
Balance at December 31, 2005 347 $11,286 $125 $1,550 $(2,564) $10,397
The accompanying notes are an integral part of our Consolidated Financial Statements.
58 Dominion 2005