BB&T 2007 Annual Report Download - page 116
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BB&T CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Parent Company
Condensed Income Statements
For the Years Ended December 31, 2007, 2006 and 2005
2007 2006 2005
(Dollars in millions)
Income
Dividends from banking subsidiaries $1,184 $1,755 $1,380
Dividends from other subsidiaries 30 5 18
Interest and other income from subsidiaries 180 140 79
Other income (loss) 8 2 4
Total income 1,402 1,902 1,481
Expenses
Interest expense 352 301 183
Other expenses 30 27 29
Total expenses 382 328 212
Income before income taxes and equity in undistributed earnings of subsidiaries 1,020 1,574 1,269
Income tax benefit 65 63 38
Income before equity in undistributed earnings of subsidiaries 1,085 1,637 1,307
Equity in undistributed earnings of subsidiaries in excess of (less than) dividends from
subsidiaries 649 (109) 347
Net income $1,734 $1,528 $1,654
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