BB&T 2013 Annual Report Download - page 89
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The accompanying notes are an integral part of these consolidated financial statements.
89
BB&T CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
Years Ended December 31, 2013, 2012 and 2011
(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, 2011 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
with 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 ― ― ― ― (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 ― ― ― ― (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
Add (Deduct):
N
et income ― ― ― ― 1,679 ― 50 1,729
N
et change in OCI ― ― ― ― ― (34) ― (34)
Stock transactions:
In connection with equity awards 6,257 ― 31 74 ― ― ― 105
Shares repurchased in connection
with equity awards (879) ― (4) (23) ― ― ― (27)
In connection with dividend
reinvestment plan 656 ― 3 19 ― ― ― 22
In connection with 401(k) plan 858 ― 4 25 ― ― ― 29
In connection with preferred stock
offering ― 487 ― ― ― ― ― 487
Cash dividends declared on common stock ― ― ― ― (647) ― ― (647)
Cash dividends declared on preferred stock ― ― ― ― (117) ― ― (117)
Equity-based compensation expense ― ― ― 96 ― ― ― 96
Other, net ― ― ― 8 ― ― (65) (57)
Balance, December 31, 2013 706,620 $ 2,603 $ 3,533 $ 6,172 $ 11,044 $ (593) $ 50 $ 22,809