American Express 2009 Annual Report Download - page 74

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
AMERICAN EXPRESS COMPANY
Three Years Ended December 31, 2009
(Millions, except per share amounts) Total
Preferred
Shares
Common
Shares
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
(Loss) Income
Retained
Earnings
Balances as of December 31, 2006 $10,511 $ — $240 $ 9,638 $ (520) $ 1,153
Comprehensive income
Net income 4,012 4,012
Change in net unrealized securities gains (80) (80)
Change in net unrealized derivatives (losses) gains (98) (98)
Foreign currency translation adjustments (33) (33)
Net unrealized pension and other postretirement benefit
gains 289 289
Total comprehensive income 4,090
Repurchase of common shares (3,572) (12) (494) (3,066)
Other changes, primarily employee plans 867 4 1,020 (157)
Effect of change in accounting principle (127) (127)
Cash dividends declared
Common, $0.63 per share (740) (740)
Balances as of December 31, 2007 11,029 — 232 10,164 (442) 1,075
Comprehensive income
Net income 2,699 2,699
Change in net unrealized securities gains (711) (711)
Change in net unrealized derivatives (losses) gains (9) (9)
Foreign currency translation adjustments (113) (113)
Net unrealized pension and other postretirement benefit
losses (334) (334)
Total comprehensive income 1,532
Repurchase of common shares (218 ) (1) (42) (175)
Other changes, primarily employee plans 334 1 374 3 (44)
Cash dividends declared
Common, $0.72 per share (836) (836)
Balances as of December 31, 2008 11,841 — 232 10,496 (1,606) 2,719
Comprehensive income
Net income 2,130 2,130
Change in net unrealized securities gains (losses) 1,206 1,206
Change in net unrealized derivatives losses 52 52
Foreign currency translation adjustments, including hedge
gain/loss (354) (354)
Net unrealized pension and other postretirement benefit
losses (10) (10)
Total comprehensive income 3,024
Issuance of preferred shares and common stock warrants 3,389 3,157 232
Preferred share accretion — 232 (232)
Repurchase of preferred shares (3,389) (3,389)
Repurchase of warrants (340) (232) (108)
Issuance of common shares 531 4 527
Other changes, primarily employee plans 279 1 121 157
Cash dividends declared
Preferred shares (74) (74)
Common, $0.72 per share (855) (855)
Balances as of December 31, 2009 $14,406 $ — $237 $11,144 $ (712) $ 3,737
See Notes to Consolidated Financial Statements.
72