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AOL INC.
CONSOLIDATED STATEMENTS OF EQUITY
(In millions)
Common Stock Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income
(Loss), Net
Retained
Earnings
(Accumulated
Deficit)
Treasury
Stock,
at Cost Non-
Controlling
Interest
Total
EquityShares Amount Shares Amount
Balance at December 31, 2011 ....... 94.3 $ 1.1 $ 3,422.4 $ (287.5) $ (789.8) (12.7) $ (173.6) $ — $ 2,172.6
Net income (loss) ................... — — — — 1,048.4 — — (0.6) 1,047.8
Contributions from noncontrolling
interest owners ................... — — — — — — — 0.3 0.3
Equity interest in investee’s unrealized
gain on investments ............... — — — 0.4 — — — — 0.4
Foreign currency translation
adjustments ..................... — — — (7.0) — — — — (7.0)
Comprehensive income (loss) ......... — — — (6.6) 1,048.4 — — (0.3) 1,041.5
Amounts related to equity-based
compensation, net of tax
withholdings ..................... — — 33.8 — — — — — 33.8
Issuance of common stock ............ 3.1 — 35.2 — — — — — 35.2
Repurchase of common stock ......... (20.8) — (33.9) — — (20.8) (664.8) — (698.7)
Dividends declared ................. — — — — (446.6) — — — (446.6)
Balance at December 31, 2012 ....... 76.6 $ 1.1 $ 3,457.5 $ (294.1) $ (188.0) (33.5) $ (838.4) $ (0.3) $ 2,137.8
Net income (loss) ................... — — — — 92.4 — — (1.2) 91.2
Equity interest in investee’s unrealized
gain on investments ............... — — — 0.6 — — — — 0.6
Foreign currency translation
adjustments ..................... — — — 3.1 — — — (0.1) 3.0
Comprehensive income (loss) ......... — — — 3.7 92.4 — — (1.3) 94.8
Contributions from noncontrolling
interest owners ................... — — — — — — — 2.2 2.2
Amounts related to equity-based
compensation, net of tax
withholdings ..................... — — 31.4 — — — — — 31.4
Issuance of common stock ............ 6.5 — 69.9 — — 2.5 64.2 — 134.1
Repurchase of common stock ......... (3.9) — 33.9 — — (3.9) (168.7) — (134.8)
Other ............................ — — — — 2.0 — — — 2.0
Balance at December 31, 2013 ....... 79.2 $ 1.1 $ 3,592.7 $ (290.4) $ (93.6) (34.9) $ (942.9) $ 0.6 $ 2,267.5
Net income (loss) ................... — — — — 125.6 — — (1.5) 124.1
Equity interest in investee’s unrealized
gain on investments ............... — — — 2.0 — — — — 2.0
Foreign currency translation
adjustments ..................... — — — (15.7) — — — (0.1) (15.8)
Comprehensive income (loss) ......... — — — (13.7) 125.6 — — (1.6) 110.3
Contributions from noncontrolling
interest owners ................... — — — — — — — 2.9 2.9
Amounts related to equity-based
compensation, net of tax withholdings
(Note 7) ........................ — — 48.2 — — — — — 48.2
Issuance of common stock ............ 1.2 0.1 22.3 — — — — — 22.4
Repurchase of common stock ......... (2.5) — — — — (2.5) (98.6) — (98.6)
Equity component of convertible senior
notes, net of tax (Note 5) ........... — — 45.6 — — — — — 45.6
Purchase of note hedges, net of tax
(Note 5) ........................ — — (42.0) — — — — — (42.0)
Sale of warrants (Note 5) ............. — — 33.5 — — — — — 33.5
Other ............................ — — (0.8) — 0.2 — — — (0.6)
Balance at December 31, 2014 ....... 77.9 $ 1.2 $ 3,699.5 $ (304.1) $ 32.2 (37.4) $(1,041.5) $ 1.9 $ 2,389.2
See accompanying notes.
68