Fifth Third Bank 2004 Annual Report Download - page 40

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
38 Fifth Third Bancorp
Accumulated
Other
Common Preferred Capital Retained Comprehensive Treasury
($ in millions, except per share data) Stock Stock Surplus Earnings Income Stock Total
Balance at December 31, 2001 . . . . . . . . . . . . . $1,294 9 1,943 4,502 8 (4) 7,752)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,531 1,531 )
Other comprehensive income . . . . . . . . . . . . . . . . 361 361)
Comprehensive income . . . . . . . . . . . . . . . . . . . . 1,892
Cash dividends declared:
Common stock at $.98 per share . . . . . . . . . . (567) (567)
Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . (1) (1)
Shares acquired for treasury . . . . . . . . . . . . . . . . . (720) (720)
Stock-based compensation expense . . . . . . . . . . . 128 128)
Stock options exercised,
including treasury shares issued . . . . . . . . . . . . 1 (77) 180 104)
Excess corporate tax benefit related to
stock-based compensation . . . . . . . . . . . . . . . . 19 19)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) (3)
Balance at December 31, 2002 . . . . . . . . . . . . . 1,295 9 2,010 5,465 369 (544) 8,604)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,665 1,665
Other comprehensive income . . . . . . . . . . . . . . . . (489) (489)
Comprehensive income . . . . . . . . . . . . . . . . . . . . 1,176
Cash dividends declared:
Common stock at $1.13 per share . . . . . . . . . (645) (645)
Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . (1) (1)
Shares acquired for treasury . . . . . . . . . . . . . . . . . (655) (655)
Stock-based compensation expense . . . . . . . . . . . 110 110)
Stock options exercised,
including treasury shares issued . . . . . . . . . . . . (136) 233 97)
Loans issued related to the exercise
of stock options, net . . . . . . . . . . . . . . . . . . . . (34) (34)
Excess corporate tax benefit related to
stock-based compensation . . . . . . . . . . . . . . . . 18 18)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) (3) 4 (3)
Balance at December 31, 2003 . . . . . . . . . . . . . 1,295 9 1,964 6,481 (120) (962) 8,667
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,525 1,525
Other comprehensive income . . . . . . . . . . . . . . . . (49) (49)
Comprehensive income . . . . . . . . . . . . . . . . . . . . 1,476
Cash dividends declared:
Common stock at $1.31 per share . . . . . . . . . (735) (735)
Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . (1) (1)
Shares acquired for treasury . . . . . . . . . . . . . . . . . (987) (987)
Stock-based compensation expense . . . . . . . . . . . 87 87)
Restricted stock grants . . . . . . . . . . . . . . . . . . . . . (33) 33 —)
Stock options exercised,
including treasury shares issued . . . . . . . . . . . . (133) 222 89)
Excess corporate tax benefit related to
stock-based compensation . . . . . . . . . . . . . . . . 11 11)
Stock issued in business combinations . . . . . . . . . 36 281 317)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 (1) (1) —)
Balance at December 31, 2004 . . . . . . . . . . . . . $1,295 9 1,934 7,269 (169) (1,414) 8,924)
See Notes to Con sol i dat ed Financial Statements.