Freeport-McMoRan 2012 Annual Report Download - page 74
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72
CONSOLIDATED STATEMENTS OF EQUITY
FCX Stockholders’ Equity
Mandatory Convertible
Retained Accumulated
Common Stock
Preferred Stock
Common Stock
Capital in Earnings Other
Held in Treasury Total FCX
Number of At Par Number of At Par Excess of (Accumulated Comprehensive Number Stockholders’ Noncontrolling Total
Shares Value Shares Value Par Value Deficit) Loss of Shares At Cost Equity Interests Equity
(In millions)
Balance at January 1, 2010 29 $ 2,875 981 $ 98 $ 15,637 $ (5,805) $ (273) 122 $ (3,413) $ 9,119 $ 1,638 $ 10,757
Conversions of 6¾% Mandatory
Convertible Preferred Stock (29) (2,875) 79 8 2,867 — — — — — — —
Conversions of 7% Convertible Senior Notes — — — — 1 — — — — 1 — 1
Exercised and issued stock-based awards — — 7 1 109 — — — — 110 — 110
Stock-based compensation — — — — 129 — — — — 129 — 129
Tax benefit for stock-based awards — — — — 8 — — — — 8 — 8
Tender of shares for stock-based awards — — — — — — — — (28) (28) — (28)
Dividends on common stock — — — — — (1,058) — — — (1,058) — (1,058)
Dividends on preferred stock — — — — — (63) — — — (63) — (63)
Dividends to noncontrolling interests — — — — — — — — — — (816) (816)
Contributions from noncontrolling interests — — — — — — — — — — 28 28
Total comprehensive income (loss) — — — — — 4,336 (50) — — 4,286 1,206 5,492
Balance at December 31, 2010 — — 1,067 107 18,751 (2,590) (323) 122 (3,441) 12,504 2,056 14,560
Exercised and issued stock-based awards — — 4 — 48 — — — — 48 — 48
Stock-based compensation — — — — 117 — — — — 117 — 117
Tax benefit for stock-based awards — — — — 24 — — — — 24 — 24
Tender of shares for stock-based awards — — — — 67 — — 1 (112) (45) — (45)
Dividends on common stock — — — — — (1,424) — — — (1,424) — (1,424)
Dividends to noncontrolling interests — — — — — — — — — — (391) (391)
Contributions from noncontrolling interests — — — — — — — — — — 62 62
Total comprehensive income (loss) — — — — — 4,560 (142) — — 4,418 1,184 5,602
Balance at December 31, 2011 — — 1,071 107 19,007 546 (465) 123 (3,553) 15,642 2,911 18,553
Exercised and issued stock-based awards
— — 2 — 15 — — — — 15 — 15
Stock-based compensation
— — — — 100 — — — — 100 — 100
Tax benefit for stock-based awards
— — — — 7 — — — — 7 — 7
Tender of shares for stock-based awards
— — — — 7 — — 1 (23) (16) — (16)
Dividends on common stock
— — — — — (1,188) — — — (1,188) — (1,188)
Dividends to noncontrolling interests
— — — — — — — — — — (113) (113)
Change in ownership interests
— — — — (17) —
—
— —
(17) 17 —
Contributions from noncontrolling interests
— — — — — —
—
— —
— 15 15
Total comprehensive income (loss)
— — — — — 3,041 (41) — — 3,000 938 3,938
Balance at December 31, 2012
— $ — 1,073 $ 107 $ 19,119 $ 2,399 $ (506) 124 $ (3,576) $ 17,543 $ 3,768 $ 21,311
The accompanying Notes to Consolidated Financial Statements are an integral part of these consolidated financial statements.