Progress Energy 2014 Annual Report Download - page 102
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82
PART II
Accumulated Other
Comprehensive Income Loss
(in millions)
Common
Stock
Additional
Paid-in Capital
Retained
Earnings
Net Losses on
Cash Flow
Hedges
Net
Gains on
Available-
for-Sale
Securities
Pension
and OPEB
Related
Adjustments
Common
Stockholders’
Equity
Noncontrolling
Interests
Total
Equity
Balance at December 31, 2011 $ 7,418 $ 16 $2,752 $(142) $ — $ (23) $ 10,021 $ 4 $ 10,025
Net income(a) — — 400 — — — 400 3 403
Other comprehensive income (loss) — — — 100 — (2) 98 — 98
Common stock issuances, including dividend
reinvestment and employee benefi ts 18 13 — — — — 31 — 31
Common stock dividends — — (369) — — — (369) — (369)
Distributions to noncontrolling interests — — — — — — — (2) (2)
Recapitalization for merger with Duke Energy (7,436) 7,436 — — — — — — —
Other — — — — — — — (1) (1)
Balance at December 31, 2012 $— $ 7,465 $ 2,783 $ (42) $ — $ (25) $ 10,181 $ 4 $ 10,185
Net income — — 672 — — — 672 3 675
Other comprehensive (loss) income — — — (1) — 9 8 — 8
Premium on the redemption of preferred
stock of subsidiaries — — (3) — — — (3) — (3)
Distributions to noncontrolling interests — — — — — — — (3) (3)
Other —2————2—2
Balance at December 31, 2013 $— $ 7,467 $ 3,452 $ (43) $ — $ (16) $ 10,860 $ 4 $ 10,864
Net income — — 869 — — — 869 5 874
Other comprehensive income — — — 8 1 9 18 — 18
Distributions to noncontrolling interests — — — — — — — (37) (37)
Transfer of service company net assets to Duke
Energy — — (539) — — — (539) — (539)
Other — — — — — — — (4) (4)
Balance at December 31, 2014 $ — $ 7,467 $3,782 $ (35) $ 1 $ (7) $ 11,208 $ (32) $ 11,176
(a) For the year ended December 31, 2012, consolidated net income of $407 million included $4 million attributable to preferred shareholders of subsidiaries. Income attributable to preferred shareholders of subsidiaries is not a
component of total equity and is excluded from the table above.
See Notes to Consolidated Financial Statements
PROGRESS ENERGY, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN COMMON STOCKHOLDER’S EQUITY