Exelon 2014 Annual Report Download - page 130

Exelon Corporation and Subsidiary Companies
Consolidated Statements of Changes in Shareholders’ Equity
(In millions, shares in
thousands)
Issued
Shares
Common
Stock
Treasury
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Non-controlling
Interest
Preferred
and
Preference
Stock
Total
Shareholders’
Equity
Balance, December 31, 2011 698,112 $ 9,107 $(2,327) $10,055 $(2,450) $ 3 $ — $14,388
Net income (loss) — — — 1,160 — (3) 14 1,171
Long-term incentive plan activity 2,432 126 — — — — — 126
Employee stock purchase plan issuances 857 26 — — — — — 26
Common stock dividends — — — (1,322) — — — (1,322)
Common stock issuance Constellation
merger 188,124 7,365 — — — — — 7,365
Noncontrolling interest acquired — 8 — — — 106 — 114
BGE preference stock acquired — — — — — — 193 193
Preferred and preference stock dividends — — — — — — (14) (14)
Other comprehensive loss, net of income
taxes — — — — (317) — — (317)
Balance, December 31, 2012 889,525 $16,632 $(2,327) $ 9,893 $(2,767) $ 106 $193 $21,730
Net income (loss) — — — 1,719 — (10) 20 1,729
Long-term incentive plan activity 1,445 81 — — — — — 81
Employee stock purchase plan issuances 1,064 28 — — — — — 28
Common stock dividends — — — (1,254) — — — (1,254)
Consolidated VIE dividend to
noncontrolling interest — — — — — (63) — (63)
Deconsolidation of VIE — — — — — (18) — (18)
Redemption of preferred securities — — — — — — (6) (6)
Preferred and preference stock dividends — — — — — — (14) (14)
Other comprehensive income, net of
income taxes — — — — 727 — — 727
Balance, December 31, 2013 892,034 $16,741 $(2,327) $10,358 $(2,040) $ 15 $193 $22,940
Net income (loss) — — — 1,623 — 184 13 1,820
Long-term incentive plan activity 1,574 72 — — — — — 72
Employee stock purchase plan issuances 960 35 — — — — — 35
Tax benefit on stock compensation — (8) — — — — — (8)
Acquisition of noncontrolling interest — (2) — — — 6 — 4
Common stock dividends — — — (1,071) — — — (1,071)
Preferred and preference stock dividends — — — — — — (13) (13)
Fair value of financing contract payments — (131) — — — — — (131)
Noncontrolling interest established upon
consolidation of CENG — — — — — 1,548 — 1,548
Transfer of CENG pension and non-
pension postretirement benefit
obligations —2—— — — — 2
Consolidated VIE dividend to
noncontrolling interest — — — — — (421) — (421)
Reversal of CENG equity method AOCI,
net of income taxes — — — — (116) — — (116)
Other comprehensive loss, net of income
taxes — — — — (528) — — (528)
Balance, December 31, 2014 894,568 $16,709 $(2,327) $10,910 $(2,684) $1,332 $193 $24,133
See the Combined Notes to Consolidated Financial Statements
126