Freddie Mac 2012 Annual Report Download - page 212

FREDDIE MAC
CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT)
Freddie Mac Stockholders’ Equity (Deficit)
Shares Outstanding Senior
Preferred
Stock, at
Redemption
Value
Preferred
Stock, at
Redemption
Value
Common
Stock, at
Par Value
Additional
Paid-In
Capital
Retained
Earnings
(Accumulated
Deficit)
AOCI,
Net of Tax
Treasury
Stock, at
Cost
Noncontrolling
Interest
Total
Equity
(Deficit)
Senior
Preferred
Stock
Preferred
Stock
Common
Stock
(in millions)
Balance as of December 31, 2009 ........ 1 464 649 $51,700 $14,109 $— $ 57 $(33,921) $(23,648) $(4,019) $ 94 $ 4,372
Cumulative effect of change in accounting
principle ......................... — — — — — — — (9,011) (2,690) — (2) (11,703)
Balance as of January 1, 2010 ............ 1 464 649 51,700 14,109 — 57 (42,932) (26,338) (4,019) 92 (7,331)
Comprehensive income (loss):
Net loss ........................... — — — — — — — (14,025) — — (1) (14,026)
Other comprehensive income, net of
taxes ............................ — — — — — — — — 14,307 — — 14,307
Comprehensive income (loss) .......... — — — — — — — (14,025) 14,307 — (1) 281
Increase in liquidation preference ......... — — — 12,500 — — — — — — — 12,500
Stock-based compensation .............. — — — — — — 24 — — — — 24
Income tax benefit from stock-based
compensation ..................... — — — — — — 1 — — — — 1
Common stock issuances ............... — — — — — — (67) — — 66 — (1)
Noncontrolling interest purchase .......... — — — — — — (31) — — — (89) (120)
Transfer from retained earnings (accumulated
deficit) to additional paid-in capital ...... — — — — — — 23 (23) — — — —
Senior preferred stock dividends declared . . . — — — — — — — (5,749) — — — (5,749)
Dividend equivalent payments on expired
stock options ...................... — — — — — — — (4) — — — (4)
Dividends and other ................... — — — — — — — — — — (2) (2)
Ending balance at December 31, 2010 .... 1 464 649 $64,200 $14,109 $— $ 7 $(62,733) $(12,031) $(3,953) $ — $ (401)
Balance as of December 31, 2010 ........ 1 464 649 $64,200 $14,109 $— $ 7 $(62,733) $(12,031) $(3,953) $ — $ (401)
Comprehensive income (loss):
Net loss ........................... — — — — — — — (5,266) — — — (5,266)
Other comprehensive income, net of
taxes ............................ — — — — — — — — 4,036 — — 4,036
Comprehensive income (loss) .......... — — — — — — — (5,266) 4,036 — — (1,230)
Increase in liquidation preference ......... — — — 7,971 — — — — — — — 7,971
Stock-based compensation .............. — — — — — — 11 — — — — 11
Income tax benefit from stock-based
compensation ..................... — — — — — — 1 — — — — 1
Common stock issuances ............... — — 1 — — — (44) — — 44 — —
Transfer from retained earnings (accumulated
deficit) to additional paid-in capital ...... — — — — — — 28 (28) — — — —
Senior preferred stock dividends declared . . . — — — — — — — (6,495) — — — (6,495)
Dividend equivalent payments on expired
stock options ...................... — — — — — — — (3) — — — (3)
Ending balance at December 31, 2011 .... 1 464 650 $72,171 $14,109 $— $ 3 $(74,525) $ (7,995) $(3,909) $ — $ (146)
Balance as of December 31, 2011 ........ 1 464 650 $72,171 $14,109 $— $ 3 $(74,525) $ (7,995) $(3,909) $ — $ (146)
Comprehensive income:
Net income ......................... — — — — — — — 10,982 — — — 10,982
Other comprehensive income, net of
taxes ............................ — — — — — — — — 5,057 — — 5,057
Comprehensive income .............. — — — — — — — 10,982 5,057 — — 16,039
Increase in liquidation preference ......... — — — 165 — — — — — — — 165
Stock-based compensation .............. — — — — — — 2 — — — — 2
Income tax benefit from stock-based
compensation ..................... — — — — — — 1 — — — 1
Common stock issuances ............... — — — — — — (24) — — 24 — —
Transfer from retained earnings (accumulated
deficit) to additional paid-in capital ...... — — — — — — 19 (19) — — — —
Senior preferred stock dividends declared . . . — — — — — — — (7,233) — — — (7,233)
Dividend equivalent payments on expired
stock options ...................... — — — — — — — (1) — — — (1)
Ending balance at December 31, 2012 .... 1 464 650 $72,336 $14,109 $— $ 1 $(70,796) $ (2,938) $(3,885) $ — $ 8,827
The accompanying notes are an integral part of these consolidated financial statements.
207 Freddie Mac