Bank of America 2006 Annual Report Download - page 104

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Consolidated Statement of Changes in
Shareholders’ Equity
Bank of America Corporation and Subsidiaries
Preferred
Stock
Common Stock and
Additional Paid-in Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income
(Loss)
(1)
Other
Total
Shareholders’
Equity
Comprehensive
Income
(Dollars in millions, shares in thousands) Shares Amount
Balance, December 31, 2003 $ 54 2,882,288 $ 29 $51,162 $(2,434) $(154) $ 48,657
Net income 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 plans and related tax benefits 121,149 4,066 (127) 3,939
Stock 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) 43 (31) (6) (31)
Balance, December 31, 2004 271 4,046,546 44,236 58,773 (2,764) (281) 100,235 13,617
Net income 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 plans and related tax benefits 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
Net income
21,133 21,133 21,133
Net unrealized gains on available-for-sale debt and marketable equity
securities
245 245 245
Net unrealized gains on foreign currency translation adjustments
269 269 269
Net gains on derivatives
641 641 641
Adjustment to initially apply FASB Statement No. 158
(3)
(1,308) (1,308)
Cash dividends paid:
Common
(9,639) (9,639)
Preferred
(22) (22)
Issuance of preferred stock
2,850 2,850
Redemption of preferred stock
(270) (270)
Common stock issued under employee plans and related tax benefits
118,418 4,863 (39) 4,824
Stock issued in acquisition
(4)
631,145 29,377 29,377
Common stock repurchased
(291,100) (14,359) (14,359)
Other
(2) (2) (2)
Balance, December 31, 2006
$2,851 4,458,151 $ 61,574 $79,024 $(7,711) $(466) $135,272 $22,286
(1) At December 31, 2006, Accumulated Other Comprehensive Income (Loss) (OCI), net of tax, includes Net Gains (Losses) on Derivatives of $(3,697) million, Net Unrealized Gains (Losses) on Available-for-sale (AFS) Debt and
Marketable Equity Securities of $(2,733) million, the accumulated adjustment to apply FASB Statement No. 158 of $(1,428) million, and Net Unrealized Gains (Losses) on Foreign Currency Translation Adjustments of $147
million. For additional information on Accumulated OCI, see Note 14 of the Consolidated Financial Statements.
(2) Includes adjustment for the fair value of outstanding FleetBoston Financial Corporation (FleetBoston) stock options of $862 million.
(3) Includes accumulated adjustment to apply FASB Statement No. 158 of $(1,428) million, net of tax, and the reversal of the additional minimum liability adjustment of $120 million, net of tax.
(4) Includes adjustment for the fair value of outstanding MBNA Corporation (MBNA) stock options of $435 million.
See accompanying Notes to Consolidated Financial Statements.
102
Bank of America 2006