Visa 2008 Annual Report Download - page 105

Table of Contents
VISA INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY—(Continued)
Common Stock
Class A Class B
Class C
(series I)
Class C
(series II)
Class C
(series III
and
series IV)
Additional
Paid in
Capital
Treasury
Stock
Accumulated
Income
(Deficit)
Accumulated
Other
Comprehensive
(Loss) Income
Total
Equity
(Deficit)
(in millions)
Class AP converted to class C (series I) 23 997 997
Class LAC converted to class C (series I) 6 251 251
Class CEMEA converted to class C (series I) (2) (79) (79)
Issuance of class C (series II) common stock 52 — —
Reclassification of common stock upon IPO:
Class C (series III) common stock to liabilities (Note 16) (35) (1,508) (1,508)
Class C (series II) common stock to temporary equity (Note 16) (80) (1,104) (21) (1,125)
Proceeds from issuance of class A common stock, net of offering
expenses of $586 447 19,064 19,064
Issuance of restricted share awards 1 — —
Redemption of class B common stock (155) (6,618) (6,618)
Redemption of class C (series I) common stock (160) (6,828) (6,828)
Accretion of class C (series II) common stock (Note 16) (19) (19)
Share-based compensation (Note 18) 80 80
Cash dividend declared, at $0.105 per share
Class A common stock (47) (47)
Class B common stock (18) (18)
Class C (series I, III, IV) common stock (20) (20)
Class C (series II) common stock (8) (8)
Impact of cash dividend declaration on class C (series II) common stock
(Note 16) 8 8
Special IPO dividends received from cost-method investees (Note 16) (1) 39 (35) 4
Balance as of September 30, 2008 448 245 124 — 28 $ 21,060 $ (35) $ 186 $ (70) $ 21,141
(1) Historical balances for periods prior to October 1, 2007 represent balances for Visa U.S.A. Inc., deemed the accounting acquirer in the business combination.
See accompanying notes, which are an integral part of these consolidated financial statements.
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