The Hartford 2012 Annual Report Download - page 146

Table of Contents

Consolidated Statements of Changes in Stockholders' Equity

(In millions, except for share data)   
Preferred Stock, beginning of period $556 $556 $2,960
Issuance of mandatory convertible preferred stock — — 556
Accelerated accretion of discount from redemption of preferred stock issued to U.S. Treasury — — 440
Redemption of preferred stock to the U.S. Treasury — — (3,400)
   
   
Additional Paid-in Capital, beginning of period 10,391 10,448 8,985
Repurchase of warrants (300) — —
Issuance of common shares under public offering — — 1,599
Issuance of shares under incentive and stock compensation plans (52) (50)(130)
Tax expense on employee stock options and awards (1)(7) (6)
   
Retained Earnings, beginning of period, before cumulative effect of accounting change, net of tax 11,001 10,509 9,643
Cumulative effect of accounting change, net of tax — — 26
Retained Earnings, beginning of period, as adjusted 11,001 10,509 9,669
Net income (38) 712 1,636
Cumulative effect of accounting changes, net of tax — — (197)
Accelerated accretion of discount from redemption of preferred stock issued to U.S. Treasury — — (440)
Dividends on preferred stock (42)(42) (75)
Dividends declared on common stock (176) (178)(84)
   
Treasury Stock, at Cost, beginning of period (1,718) (1,774)(1,936)
Treasury stock acquired (149) (51) —
Issuance of shares under incentive and stock compensation plans from treasury stock 134 115 165
Return of shares under incentive and stock compensation plans to treasury stock (7)(8)(3)
 
Accumulated Other Comprehensive Loss, Net of Tax, beginning of period 1,251 (990) (3,472)
Cumulative effect of accounting changes, net of tax — — 197
Total other comprehensive income 1,592 2,241 2,285
   
Noncontrolling Interest, beginning of period —29
Recognition of noncontrolling interest in other liabilities — — (29)
 — 
   
Preferred Shares Outstanding, beginning of period (in thousands) 575 575 3,400
Redemption of preferred shares issued to the U.S. Treasury — — (3,400)
Issuance of mandatory convertible preferred shares — — 575
   
Common Shares Outstanding, at beginning of period (in thousands) 442,539 444,549 383,007
Issuance of shares under public offering — — 59,590
Treasury stock acquired (8,045) (3,225) —
Issuance of shares under incentive and stock compensation plans 2,156 1,476 2,095
Return of shares under incentive and stock compensation plans and other to treasury stock (344) (261) (143)
   
See Notes to Consolidated Financial Statements.
F-6