US Bank 2006 Annual Report Download - page 68

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U.S. Bancorp
Consolidated Statement of Shareholders’ Equity
Common Other Total
Shares Preferred Common Capital Retained Treasury Comprehensive Shareholders’
(Dollars and Shares in Millions) Outstanding Stock Stock Surplus Earnings Stock Income Equity
BALANCE DECEMBER 31, 2003****** 1,923 $ – $20 $5,851 $14,508 $(1,205) $ 68 $19,242
Net income**************************** 4,167 4,167
Unrealized loss on securities available for sale (123) (123)
Unrealized loss on derivatives ************* (43) (43)
Foreign currency translation ************** (17) (17)
Realized gain on derivatives ************** 16 16
Reclassification for realized losses ********* 32 32
Income taxes ************************** 51 51
Total comprehensive income ******* 4,083
Cash dividends declared on common stock ** (1,917) (1,917)
Issuance of common and treasury stock **** 30 (96) 772 676
Purchase of treasury stock *************** (94) (2,656) (2,656)
Stock option and restricted stock grants **** 116 116
Shares reserved to meet deferred
compensation obligations ************* (1) 31 (36) (5)
BALANCE DECEMBER 31, 2004****** 1,858 $ – $20 $5,902 $16,758 $(3,125) $ (16) $19,539
Net income**************************** 4,489 4,489
Unrealized loss on securities available for sale (539) (539)
Unrealized loss on derivatives ************* (58) (58)
Foreign currency translation ************** 33
Realized loss on derivatives ************** (74) (74)
Reclassification for realized losses ********* 39 39
Minimum pension liability **************** (38) (38)
Income taxes ************************** 254 254
Total comprehensive income ******* 4,076
Cash dividends declared on common stock ** (2,246) (2,246)
Issuance of common and treasury stock **** 19 (81) 525 444
Purchase of treasury stock *************** (62) (1,807) (1,807)
Stock option and restricted stock grants **** 84 84
Shares reserved to meet deferred
compensation obligations ************* 2 (6) (4)
BALANCE DECEMBER 31, 2005****** 1,815 $ – $20 $5,907 $19,001 $(4,413) $(429) $20,086
Change in accounting principle ************ 4 (237) (233)
Net income**************************** 4,751 4,751
Unrealized gain on securities available for
sale ****************************** 67 67
Unrealized gain on derivatives************* 35 35
Foreign currency translation ************** (30) (30)
Realized loss on derivatives ************** (199) (199)
Reclassification for realized losses ********* 33 33
Change in retirement obligation *********** (18) (18)
Income taxes ************************** 42 42
Total comprehensive income ******* 4,681
Cash dividends declared:
Preferred ************************** (48) (48)
Common ************************** (2,466) (2,466)
Issuance of preferred stock*************** 1,000 (52) 948
Issuance of common and treasury stock **** 40 (99) 1,144 1,045
Purchase of treasury stock *************** (90) (2,817) (2,817)
Stock option and restricted stock grants **** 44
Shares reserved to meet deferred
compensation obligations ************* 2 (5) (3)
BALANCE DECEMBER 31, 2006****** 1,765 $1,000 $20 $5,762 $21,242 $(6,091) $(736) $21,197
See Notes to Consolidated Financial Statements.
66 U.S. BANCORP