Fifth Third Bank 2008 Annual Report Download - page 60

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
58 Fifth Third Bancorp
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, 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 1,476
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
Net income 1,076 1,076
Other comprehensive income 53 53
Comprehensive income 1,129
Cash dividends declared:
Common stock at $1.70 per share (914) (914)
Preferred stock (1) (1)
Shares acquired for treasury (1,084) (1,084)
Stock-based compensation expense 60 1 61
Impact of cumulative effect of change in accounting principle (98) (98)
Restricted stock grants (59) 59 -
Stock-based awards exercised, including treasury shares issued (39) 86 47
Loans repaid related to the exercise of stock-based awards, net 2 2
Change in corporate tax benefit related to stock-based
compensation 2 2
Employee stock ownership through benefit plans 38 (38) -
Impact of diversification of nonqualified deferred compensation plan (8) (8)
Other 12 3
Balance at December 31, 2007 1,295 9 1,779 8,413 (126) (2,209) 9,161
Net loss (2,113) (2,113)
Other comprehensive income 224 224
Comprehensive loss (1,889)
Cash dividends declared:
Common stock at $0.75 per share (413) (413)
Preferred stock (48) (48)
Dividends on redemption of preferred shares (19) (19)
Issuance of preferred shares, Series G 1,072 1,072
Issuance of preferred shares, Series F 3,169 239 3,408
Shares issued in business combinations (1,071) 1,841 770
Retirement of preferred shares, Series D, E (9) (9)
Stock-based compensation expense 56 1 57
Restricted stock grants (136) 136 -
Stock-based awards exercised, including treasury shares issued (2) 2 -
Loans repaid related to the exercise of stock-based awards, net 44
Change in corporate tax benefit related to stock-based
compensation (16) (16)
Other (5) 3 1 (1)
Balance at December 31, 2008 $1,295 4,241 848 5,824 98 (229) 12,077
See Notes to Consolidated Financial Statements.