Fannie Mae 2013 Annual Report Download - page 230

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, 2011 . . . . . 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
Change in investment in
noncontrolling interest . . . . . . . . . — — — — — — — — — — (10) (10)
Comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . . . — — — — — — — 83,963 — — 19 83,982
Other comprehensive income, net of
tax effect:
Changes in net unrealized gains on
available-for-sale securities
(net of tax of $529). . . . . . . . . . — — — — — — — — 983 — — 983
Reclassification adjustment for
other-than-temporary
impairments recognized in net
income (net of tax of $22) . . . . — — — — — — — — 42 — — 42
Reclassification adjustment for
gains included in net income
(net of tax of $179). . . . . . . . . . — — — — — — — — (332) — — (332)
Prior service cost and actuarial
gains, net of amortization for
defined benefit plans (net of
tax of $68). . . . . . . . . . . . . . . . . — — — — — — — — 126 — — 126
Total comprehensive income . . . . . . . 84,801
Senior preferred stock dividends . . . . — — — — — — — (82,452) — — — (82,452)
Other. . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — — 28 — — — 28
Balance as of December 31, 2013 . . 1 556 1,158 $ 117,149 $ 19,130 $ 687 $ — $ (121,227) $ 1,203 $ (7,401) $ 50 $ 9,591
See Notes to Consolidated Financial Statements