KeyBank 2013 Annual Report Download - page 128

Consolidated Statements of Changes in Equity
Key Shareholders’ Equity
dollars in millions, except per share amounts
Preferred Shares
Outstanding
(000)
Common Shares
Outstanding
(000)
Preferred
Stock
Common
Shares
Common
Stock
Warrant
Capital
Surplus
Retained
Earnings
Treasury
Stock, at
Cost
Accumulated
Other
Comprehensive
Income (Loss)
Noncontrolling
Interests
BALANCE AT DECEMBER 31, 2010 2,930 880,608 $ 2,737 $ 946 $ 87 $3,711 $5,557 $ (1,904) $ (17) $ 257
Correction of an error in cumulative effect adjustment (30)
Net income (loss) 920 12
Other comprehensive income (loss):
Net unrealized gains (losses) on securities available for
sale, net of income taxes of $46 77
Net unrealized gains (losses) on derivative financial
instruments, net of income taxes of ($6) (10)
Foreign currency translation adjustments, net of income
taxes of $5 (4)
Net pension and postretirement benefit costs, net of
income taxes of ($44) (74)
Deferred compensation (2)
Cash dividends declared on common shares ($.10 per share) (94)
Cash dividends declared on Noncumulative Series A
Preferred Stock ($7.75 per share) (23)
Cash dividends accrued on Cumulative Series B Preferred
Stock (5% per annum) (31)
Series B Preferred Stock — TARP redemption (25) (2,451) (49)
Repurchase of common stock warrant (87) 17
Amortization of discount on Series B Preferred Stock 4 (4)
Common shares issuance 70,621 71 533
Common shares reissued for stock options and other
employee benefit plans 1,779 (65) 89
Other 1
Net contribution from (distribution to) noncontrolling
interests (252)
BALANCE AT DECEMBER 31, 2011 2,905 953,008 $ 291 $1,017 — $4,194 $6,246 $ (1,815) $ (28) $ 17
Net income (loss) 858 7
Other comprehensive income (loss):
Net unrealized gains (losses) on securities available for
sale, net of income taxes of ($58) (98)
Net unrealized gains (losses) on derivative financial
instruments, net of income taxes of $12 20
Foreign currency translation adjustments, net of income
taxes of ($3) 10
Net pension and postretirement benefit costs, net of
income taxes of ($17) (28)
Deferred compensation 17
Cash dividends declared on common shares ($.18 per share) (169)
Cash dividends declared on Noncumulative Series A
Preferred Stock ($7.75 per share) (22)
Common shares repurchased (30,637) (251)
Common shares reissued (returned) for stock options and
other employee benefit plans 3,398 (85) 114
Net contribution from (distribution to) noncontrolling
interests 14
BALANCE AT DECEMBER 31, 2012 2,905 925,769 $ 291 $1,017 — $4,126 $6,913 $ (1,952) $(124) $ 38
Net income (loss) 910 —
Other comprehensive income (loss):
Net unrealized gains (losses) on securities available for
sale, net of income taxes of ($173) (292)
Net unrealized gains (losses) on derivative financial
instruments, net of income taxes of ($17) (29)
Foreign currency translation adjustments, net of income
taxes of ($3) (13)
Net pension and postretirement benefit costs, net of
income taxes of $63 106
Cash dividends declared on common shares ($.215 per
share) (194)
Cash dividends declared on Noncumulative Series A
Preferred Stock ($7.75 per share) (23)
Common shares repurchased (41,599) (474)
Common shares reissued (returned) for stock options and
other employee benefit plans 6,554 (104) 145
Net contribution from (distribution to) noncontrolling
interests (21)
BALANCE AT DECEMBER 31, 2013 2,905 890,724 $ 291 $1,017 — $4,022 $7,606 $ (2,281) $(352) $ 17
See Notes to Consolidated Financial Statements.
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