Fifth Third Bank 2006 Annual Report Download - page 54

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
Fifth Third Bancorp
52
Accumulated
Other
Common Preferred Capital Retained Comprehensive Treasury
($ in millions, except per share data) Stock Stock Surplus Earnings Income Stock
T
ota
l
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-based awards exercised, including treasury shares issued (133) 222 89
Change in corporate tax benefit related to stock-based
compensation 11 11
Shares 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
Net income 1,549 1,549
Other comprehensive income (244) (244)
Comprehensive income 1,305
Cash dividends declared:
Common stock at $1.46 per share (810) (810)
Preferred stock (1) (1)
Shares acquired for treasury 97 (1,746) (1,649)
Stock-based compensation expense 65 65
Restricted stock grants (43) 43 -
Stock-based awards exercised, including treasury shares issued (121) 206 85
Loans repaid related to the exercise of stock-based awards, net 11 11
Change in corporate tax benefit related to stock-based
compensation 6 6
Shares issued in business combinations 11 85 1,413 1,509
Retirement of shares (11) (208) 219 -
Other 1 1
Balance at December 31, 2005 1,295 9 1,827 8,007 (413) (1,279) 9,446
Net income 1,188 1,188
Other comprehensive income 288 288
Comprehensive income 1,368
Cumulative effect of change in accounting for pension and
other postretirement obligations (54) (54)
Cash dividends declared:
Common stock at $1.58 per share (880) (880)
Preferred stock (1) (1)
Shares acquired for treasury (82) (82)
Stock-based compensation expense 76 1 77
Impact of cumulative effect of change in accounting principle (6) (6)
Restricted stock grants (45) 45 -
Stock-based awards exercised, including treasury shares issued (49) 84 35
Loans repaid related to the exercise of stock-based awards, net 8 8
Change in corporate tax benefit related to stock-based
compensation (1) (1)
Other 2 2 4
Balance at December 31, 2006 $1,295 9 1,812 8,317 (179) (1,232) 10,022
See Notes to Consolidated Financial Statements