Fannie Mae 2012 Annual Report Download - page 240

F-6
FANNIE MAE
(In conservatorship)
Consolidated Statements of Changes in Equity (Deficit)
(Dollars and shares in millions)
Fannie Mae Stockholders’ Equity (Deficit)
Shares Outstanding Senior
Preferred
Stock Preferred Stock Common Stock
Additional
Paid-In
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock
Non
Controlling
Interest
Total
Equity
(Deficit)
Senior
Preferred Preferred Common
Balance as of January 1, 2010 . . . . . 1 580 1,113 $ 60,900 $ 20,348 $ 664 $ 2,083 $ (83,531) $ (5,126) $ (7,398) $ 77 $(11,983)
Change in investment in
noncontrolling interest . . . . . . . . . — — — — — — — — — — 9 9
Comprehensive loss:
Net loss . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — (14,014) — — (4) (14,018)
Other comprehensive income, net of
tax effect:
Changes in net unrealized losses
on available-for-sale securities
(net of tax of $1,644) . . . . . . . . — — — — — — — — 3,054 — — 3,054
Reclassification adjustment for
other-than-temporary
impairments recognized in net
loss (net of tax of $253) . . . . . . — — — — — — — — 469 — — 469
Reclassification adjustment for
gains included in net loss (net
of tax of $10) . . . . . . . . . . . . . . — — — — — — — — (19) — — (19)
Unrealized gains on guaranty
assets and guaranty fee buy-
ups. . . . . . . . . . . . . . . . . . . . . . . — — — — — — — — 1 — — 1
Prior service cost and actuarial
gains, net of amortization for
defined benefit plans. . . . . . . . . — — — — — — — — (61) — — (61)
Total comprehensive loss . . . . . . . . . . (10,574)
Senior preferred stock dividends . . . . — — — — — — (2,265) (5,441) — — — (7,706)
Increase to senior preferred
liquidation preference. . . . . . . . . . — — — 27,700 — — — — — — — 27,700
Conversion of convertible preferred
stock into common stock . . . . . . . — (3) 5 — (144) 3 141 — — — — —
Other. . . . . . . . . . . . . . . . . . . . . . . . . . — — 1 — — — 41 — — (4) — 37
Balance as of December 31, 2010 . . 1 577 1,119 88,600 20,204 667 — (102,986) (1,682) (7,402) 82 (2,517)
Change in investment in
noncontrolling interest . . . . . . . . . — — — — — — — — — — (29) (29)
Comprehensive loss:
Net loss . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — (16,855) — — — (16,855)
Other comprehensive income, net of
tax effect:
Changes in net unrealized losses
on available-for-sale securities
(net of tax of $250). . . . . . . . . . — — — — — — — — 465 — — 465
Reclassification adjustment for
other-than-temporary
impairments recognized in net
loss (net of tax of $99) . . . . . . . — — — — — — — — 209 — — 209
Reclassification adjustment for
gains included in net loss (net
of tax of $28) . . . . . . . . . . . . . . — — — — — — — — (52) — — (52)
Prior service cost and actuarial
gains, net of amortization for
defined benefit plans. . . . . . . . . — — — — — — — — (175) — — (175)
Total comprehensive loss . . . . . . . . . . (16,408)
Senior preferred stock dividends . . . . — — — — — — (1,072) (8,541) — — — (9,613)
Increase to senior preferred
liquidation preference. . . . . . . . . . — — — 23,978 — — — — — — — 23,978
Conversion of convertible preferred
stock into common stock . . . . . . . — (21) 39 — (1,074) 20 1,054 — — — — —
Other. . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — 18 1 — (1) — 18
Balance as of December 31, 2011. . . 1 556 1,158 112,578 19,130 687 — (128,381) (1,235) (7,403) 53 (4,571)
Change in investment in
noncontrolling interest . . . . . . . . . — — — — — — — — — — (8) (8)
Comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . . . — — — — — — — 17,224 — — (4) 17,220
Other comprehensive income, net of
tax effect:
Changes in net unrealized losses
on available-for-sale securities
(net of tax of $702). . . . . . . . . . — — — — — — — — 1,289 — — 1,289
Reclassification adjustment for
other-than-temporary
impairments recognized in net
income (net of tax of $250) . . . — — — — — — — — 463 — — 463
Reclassification adjustment for
gains included in net income
(net of tax of $9). . . . . . . . . . . . — — — — — — — — (17) — — (17)
Prior service cost and actuarial
gains, net of amortization for
defined benefit plans. . . . . . . . . — — — — — — — — (116) — — (116)
Total comprehensive income . . . . . . . 18,839
Senior preferred stock dividends . . . . — — — — — — 1 (11,609) — — — (11,608)
Increase to senior preferred
liquidation preference . . . . . . . . . . — — — 4,571 — — — — — — — 4,571
Other. . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — (1) — — 2 — 1
Balance as of December 31, 2012 . . 1 556 1,158 $ 117,149 $ 19,130 $ 687 $ — $ (122,766) $ 384 $ (7,401) $ 41 $ 7,224
See Notes to Consolidated Financial Statements