Huntington National Bank 2004 Annual Report Download - page 100

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY HUNTINGTON BANCSHARES INCORPORATED
Accumulated
Other Retained
Preferred Stock Common Stock Treasury Stock Comprehensive Earnings
(in thousands) Shares Amount Shares Amount Shares Amount Income (Loss) (Deficit) Total
Balance — January 1, 2002 — $ — 257,866 $ 2,490,724 (6,672) $ (123,849) $ 25,488 $ (50,466) $ 2,341,897
Comprehensive Income:
Net income 323,731 323,731
Unrealized net holding gains
on securities available for sale
arising during the period, net of
reclassification adjustment for
net gains included in net income 27,387 27,387
Unrealized gains on derivative
instruments used in cash flow
hedging relationships 9,620 9,620
Minimum pension liability (195) (195)
Total comprehensive income 360,543
Stock issued for acquisitions (838) 1,038 19,989 19,151
Cash dividends declared
($0.64 per share) (154,794) (154,794)
Stock options exercised (3,545) 373 6,757 3,212
Treasury shares purchased (19,161) (370,012) (370,012)
Other (1,920) (565) (8,284) (10,204)
Balance — December 31, 2002 — — 257,866 2,484,421 (24,987) (475,399) 62,300 118,471 2,189,793
Comprehensive Income:
Net income 372,363 372,363
Unrealized net holding losses
on securities available for sale
arising during the period, net of
reclassification adjustment for
net gains included in net income (47,427) (47,427)
Unrealized losses on derivative
instruments used in cash flow
hedging relationships (11,081) (11,081)
Minimum pension liability (1,114) (1,114)
Total comprehensive income 312,741
Cash dividends declared
($0.67 per share) (153,476) (153,476)
Stock options exercised (609) 481 8,691 8,082
Treasury shares purchased (4,300) (81,061) (81,061)
Other (270) (52) (807) (1,077)
Balance — December 31, 2003 — — 257,866 2,483,542 (28,858) (548,576) 2,678 337,358 2,275,002
Comprehensive Income:
Net income 398,925 398,925
Unrealized net holding losses
on securities available for sale
arising during the period, net
of reclassification adjustment for
net gains included in net income (22,112) (22,112)
Unrealized gains on derivative
instruments used in cash flow
hedging relationships 9,694 9,694
Minimum pension liability (1,163) (1,163)
Total comprehensive income 385,344
Cash dividends declared
($0.75 per share) (172,687) (172,687)
Stock options exercised 678 2,432 46,561 47,239
Other (16) 165 2,756 2,740
Balance — December 31, 2004 — $ — 257,866 $2,484,204 (26,261) $(499,259) $(10,903) $ 563,596 $2,537,638
See Notes to Consolidated Financial Statements.
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