Bank of America 2005 Annual Report Download - page 127

BANK OF AMERICA CORPORATION AND SUBSIDIARIES
Consolidated Statement of Changes in Shareholders’ Equity
(Dollars in millions, shares in
thousands)
Preferred
Stock
Common Stock
and Additional
Paid-in Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income
(Loss)(1,2) Other
Total
Share-
holders’
Equity
Compre-
hensive
IncomeShares Amount
Balance, December 31, 2002 (As
previously reported) ................ $ 58 3,001,382 $ 496 $48,517 $ 1,232 $ 16 $ 50,319
Restatement adjustments(3) ............ 1,011 (131) 880
Balance, December 31, 2002
(Restated) ........................ 58 3,001,382 496 49,528 1,101 16 51,199
Netincome .......................... 10,762 10,762 $10,762
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 losses on derivatives .............. (2,959) (2,959) (2,959)
Cash dividends paid:
Common ........................ (4,277) (4,277)
Preferred ........................ (4) (4)
Common stock issued under employee
plansandrelatedtaxbenefits ......... 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 (17) (14) (47) 15 (14)
Balance, December 31, 2003
(Restated) ........................ 54 2,882,288 29 51,162 (2,434) (154) 48,657 7,227
Netincome .......................... 13,947 13,947 13,947
Net unrealized losses on
available-for-sale debt and marketable
equity securities .................... (127) (127) (127)
Net unrealized gains on foreign currency
translation adjustments ............. 13 13 13
Net losses on derivatives .............. (185) (185) (185)
Cash dividends paid:
Common ........................ (6,452) (6,452)
Preferred ........................ (16) (16)
Common stock issued under employee
plansandrelatedtaxbenefits ......... 121,149 4,066 (127) 3,939
Stock issued in acquisition(4) ........... 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) 43 (31) (6) (31)
Balance, December 31, 2004
(Restated) ........................ 271 4,046,546 44,236 58,773 (2,764) (281) 100,235 13,617
Netincome .......................... 16,465 16,465 16,465
Net unrealized losses on
available-for-sale debt and marketable
equity securities .................... (2,781) (2,781) (2,781)
Net unrealized gains on foreign currency
translation adjustments ............. 32 32 32
Net losses on derivatives .............. (2,059) (2,059) (2,059)
Cash dividends paid:
Common ........................ (7,665) (7,665)
Preferred ........................ (18) (18)
Common stock issued under employee
plansandrelatedtaxbenefits ......... 79,579 3,222 (145) 3,077
Common stock repurchased ............ (126,437) (5,765) (5,765)
Other ............................... (3) 16 (1) 12 16
Balance, December 31, 2005 ......... $271 3,999,688 $41,693 $67,552 $(7,556) $(427) $101,533 $11,673
(1) At December 31, 2005, 2004 and 2003, Accumulated Other Comprehensive Income (Loss) includes Net Unrealized Gains (Losses) on
Available-for-sale (AFS) Debt and Marketable Equity Securities of $(2,978) million, $(197) million and $(70) million, respectively;
Net Unrealized Gains (Losses) on Foreign Currency Translation Adjustments of $(122) million, $(155) million and $(168) million,
respectively; Net Gains (Losses) on Derivatives of $(4,338) million, $(2,279) million and $(2,094) million, respectively; and Other of
$(118) million, $(133) million and $(102) million, respectively.
(2) For additional information on Accumulated OCI, see Note 14 of the Consolidated Financial Statements.
(3) For additional information on the restatement adjustments, see Note 1 of the Consolidated Financial Statements.
(4) Includes adjustment for the fair value of outstanding FleetBoston Financial Corporation (FleetBoston) stock options of $862 million.
See accompanying Notes to Consolidated Financial Statements.
91