BB&T 2012 Annual Report Download - page 146
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124
Parent Company
Condensed Income Statements
Years Ended December 31, 2012, 2011 and 2010
2012 2011 2010
(Dollars in millions)
Income:
Dividends from banking subsidiaries $ 1,720 $ 620 $ 345
Dividends from other subsidiaries 81 278 321
Interest and other income from subsidiaries 79 107 138
Other income 1 8 4
Total income 1,881 1,013 808
Expenses:
Interest expense 239 334 445
Other expenses 52 34 38
Total expenses 291 368 483
Income before income taxes and equity in
undistributed earnings of subsidiaries 1,590 645 325
Income tax benefit 20 26 60
Income before equity in undistributed earnings of subsidiaries 1,610 671 385
Equity in undistributed earnings of subsidiaries in excess of
dividends from subsidiaries 418 661 469
N
et income 2,028 1,332 854
N
oncontrolling interests 49 43 38
Dividends on preferred stock 63 ― ―
N
et income available to common shareholders $ 1,916 $ 1,289 $ 816
Parent Company
Condensed Statements of Comprehensive Income
Years Ended December 31, 2012, 2011 and 2010
2012 2011 2010
(Dollars in millions)
N
et Income $ 2,028 $ 1,332 $ 854
OCI, Net of Tax:
Unrealized net holding gains (losses) arising during the period on
securities available for sale ― ― 7
Change in unrecognized gains (losses) on cash flow hedges (2) (1) ―
Other, net 1 (8) ―
Total OCI (1) (9) 7
Total comprehensive income $ 2,027 $ 1,323 $ 861
Income Tax Effect of Items Included in OCI
Unrealized net holding gains (losses) arising during the period on
securities available for sale $ ―$ ― $ 3
Change in unrecognized gains (losses) on cash flow hedges (1) ― ―
Other, net ― (4) ―