BB&T 2011 Annual Report Download - page 136
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Parent Company
Condensed Income Statements
Years Ended December 31, 2011, 2010 and 2009
2011 2010 2009
(Dollars in millions)
Income:
Dividends from banking subsidiaries $ 620 $ 345 $ 459
Dividends from other subsidiaries 278 321 306
Interest and other income from subsidiaries 107 138 89
Other income 8 4 3
Total income 1,013 808 857
Expenses:
Interest expense 334 445 302
Other expenses 34 38 16
Total expenses 368 483 318
Income before income taxes and equity in undistributed
earnings of subsidiaries 645 325 539
Income tax benefit 26 60 42
Income before equity in undistributed earnings of subsidiaries 671 385 581
Equity in undistributed earnings of subsidiaries in excess of
dividends from subsidiaries 661 469 296
Net income 1,332 854 877
Noncontrolling interests 43 38 24
Dividends and accretion on preferred stock — — 124
Net income available to common shareholders $1,289 $816 $729
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