Bank of America 2004 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2004 Bank of America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 154

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154

98 BANK OF AMERICA 2004
Common Stock and Accumulated Total
Additional Other Share-
Preferred Paid-in Capital Retained Comprehensive holders’ Comprehensive
(Dollars in millions, shares in thousands) Stock Shares Amount Earnings Income (Loss)(1) Other Equity Income
Balance, December 31, 2001 $ 65 3,118,594 $ 5,076 $ 42,980 $ 437 $ (38) $48,520
Net income 9,249 9,249 $ 9,249
Net unrealized gains on available-for-sale debt
and marketable equity securities 974 974 974
Net unrealized gains on foreign currency
translation adjustments 3 3 3
Net unrealized losses on derivatives (93) (93) (93)
Cash dividends paid:
Common (3,704) (3,704)
Preferred (5) (5)
Common stock issued under employee
plans and related tax benefits 100,008 2,611 21 2,632
Common stock repurchased (217,800) (7,466) (7,466)
Conversion of preferred stock (7) 530 7
Other 50 268 (3) (89) 33 209 (89)
Balance, December 31, 2002 58 3,001,382 496 48,517 1,232 16 50,319 10,044
Net income 10,810 10,810 10,810
Net unrealized losses on available-for-sale debt
and marketable equity securities (564) (564) (564)
Net unrealized gains on foreign currency
translation adjustments 2 2 2
Net unrealized losses on derivatives (2,803) (2,803) (2,803)
Cash dividends paid:
Common (4,277) (4,277)
Preferred (4) (4)
Common stock issued under employee
plans and related tax benefits 139,298 4,372 (123) 4,249
Common stock repurchased (258,686) (4,936) (4,830) (9,766)
Conversion of preferred stock (4) 294 4
Other 93 (18) (15) (46) 14 (15)
Balance, December 31, 2003 54 2,882,288 29 50,198 (2,148) (153) 47,980 7,430
Net income 14,143 14,143 14,143
Net unrealized losses on available-for-sale debt
and marketable equity securities (126) (126) (126)
Net unrealized gains on foreign currency
translation adjustments 13 13 13
Net unrealized losses on derivatives (294) (294) (294)
Cash dividends paid:
Common (6,452) (6,452)
Preferred (16) (16)
Common stock issued under employee
plans and related tax benefits 121,149 4,066 (127) 3,939
Stocks issued in acquisition(2) 271 1,186,728 46,480 46,751
Common stock repurchased (147,859) (6,375) 89 (6,286)
Conversion of preferred stock (54) 4,240 54
Other (18) 44 (32) (1) (7) (32)
Balance, December 31, 2004 $271 4,046,546 $44,236 $ 58,006 $ (2,587) $ (281) $ 99,645 $ 13,704
(1) At December 31, 2004, 2003 and 2002, Accumulated Other Comprehensive Income (Loss) includes Net Unrealized Gains (Losses) on Available-for-sale (AFS) Debt and Marketable Equity Securities of
$(196), $(70) and $494, respectively; Net Unrealized Losses on Foreign Currency Translation Adjustments of $153, $166 and $168, respectively; and Net Unrealized Gains (Losses) on Derivatives of
$(2,102), $(1,808) and $995, respectively.
(2) Includes adjustment for the fair value of outstanding FleetBoston Financial Corporation (FleetBoston) stock options of $862.
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statement of Changes in Shareholders’ Equity
Bank of America Corporation and Subsidiaries