JP Morgan Chase 2015 Annual Report Download - page 189

Consolidated statements of changes in stockholders’ equity
JPMorgan Chase & Co./2015 Annual Report 179
Year ended December 31, (in millions, except per share data) 2015 2014 2013
Preferred stock
Balance at January 1 $ 20,063 $ 11,158 $ 9,058
Issuance of preferred stock 6,005 8,905 3,900
Redemption of preferred stock —— (1,800)
Balance at December 31 26,068 20,063 11,158
Common stock
Balance at January 1 and December 31 4,105 4,105 4,105
Additional paid-in capital
Balance at January 1 93,270 93,828 94,604
Shares issued and commitments to issue common stock for employee stock-based compensation awards, and
related tax effects (436) (508) (752)
Other (334) (50) (24)
Balance at December 31 92,500 93,270 93,828
Retained earnings
Balance at January 1 129,977 115,435 104,223
Cumulative effect of change in accounting principle —— (284)
Balance at beginning of year, adjusted 129,977 115,435 103,939
Net income 24,442 21,745 17,886
Dividends declared:
Preferred stock (1,515) (1,125) (805)
Common stock ($1.72, $1.58 and $1.44 per share for 2015, 2014 and 2013, respectively) (6,484) (6,078) (5,585)
Balance at December 31 146,420 129,977 115,435
Accumulated other comprehensive income
Balance at January 1 2,189 1,199 4,102
Other comprehensive income/(loss) (1,997) 990 (2,903)
Balance at December 31 192 2,189 1,199
Shares held in RSU Trust, at cost
Balance at January 1 and December 31 (21) (21) (21)
Treasury stock, at cost
Balance at January 1 (17,856) (14,847) (12,002)
Purchase of treasury stock (5,616) (4,760) (4,789)
Reissuance from treasury stock 1,781 1,751 1,944
Balance at December 31 (21,691) (17,856) (14,847)
Total stockholders’ equity $ 247,573 $ 231,727 $ 210,857
The Notes to Consolidated Financial Statements are an integral part of these statements.