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The accompanying notes are an integral part of these consolidated financial statements.
83
BB&T CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
Years Ended December 31, 2012, 2011 and 2010
(Dollars in millions, except per share data, shares in thousands)
Shares of
Common
Stock
Preferred
Stock
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings AOCI
Noncontrolling
Interests
Total
Shareholders'
Equity
Balance, January 1, 2010 689,750 $ $ 3,449 $ 5,620 $ 7,539 $ (417) $ 50 $ 16,241
Add (Deduct):
N
et income 816 38 854
N
et change in OCI (330) (330)
Stock transactions:
In purchase acquisitions 57 2 2
In connection with equity awards,
net of repurchases 1,667 8 24 32
In connection with dividend
reinvestment plan 1,106 6 24 30
In connection with 401(k) plan 1,801 9 39 48
Cash dividends declared on common stock,
$0.60 per share (416) (416)
Equity-based compensation expense 79 79
Other, net (12) (4) (26) (42)
Balance, December 31, 2010 694,381 $ $ 3,472 $ 5,776 $ 7,935 $ (747) $ 62 $ 16,498
Add (Deduct):
N
et income 1,289 43 1,332
N
et change in OCI 34 34
Stock transactions:
In purchase acquisitions 26 1 1
In connection with equity awards 1,963 10 (9) 1
Shares repurchased in connection
equity awards (651) (3) (15) (18)
In connection with dividend
reinvestment plan 586 3 13 16
In connection with 401(k) plan 838 4 19 23
Cash dividends declared on common stock,
$0.65 per share (453) (453)
Equity-based compensation expense 98 98
Other, net (10) 1 (43) (52)
Balance, December 31, 2011 697,143 $ $ 3,486 $ 5,873 $ 8,772 $ (713) $ 62 $ 17,480
Add (Deduct):
N
et income 1,979 49 2,028
N
et change in OCI 154 154
Stock transactions:
In purchase acquisitions 28 1 1
In connection with equity awards 3,147 16 17 33
Shares repurchased in connection
with equity awards (590) (3) (15) (18)
In connection with preferred stock
offerings 2,116 2,116
Cash dividends declared on common stock,
$0.80 per share (559) (559)
Cash dividends declared on preferred stock (63) (63)
Equity-based compensation expense 97 97
Other, net (46) (46)
Balance, December 31, 2012 699,728 $ 2,116 $ 3,499 $ 5,973 $ 10,129 $ (559) $ 65 $ 21,223