DTE Energy 2009 Annual Report Download - page 11
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MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER’S EQUITY
AND COMPREHENSIVE INCOME
Common Stock
Accumulated
Other
(Dollars in Millions,
Shares in Thousands)
Shares
Amount
Retained
Earnings
Comprehensive
Loss
Total
Balance, December 31, 2006
10,300
$ 442
$ 315
$ (1)
$ 756
Net income
—
—
71
—
71
Capital contribution
—
5
—
—
5
Dividends declared on common stock
—
—
(50)
—
(50)
Balance, December 31, 2007
10,300
447
336
(1)
782
Net income
—
—
80
—
80
Implementation of ASC 715 (SFAS No. 158) measurement date
provision, net of tax
—
—
(2)
—
(2)
Benefit obligations, net of tax
—
—
—
(1)
(1)
Capital contribution
—
62
—
—
62
Dividends declared on common stock
—
—
(37)
—
(37)
Balance, December 31, 2008
10,300
509
377
(2)
884
Net income
—
—
93
—
93
Dividends declared on common stock
—
—
(51)
—
(51)
Balance, December 31, 2009
10,300
$ 509
$ 419
$ (2)
$ 926
The following table displays comprehensive income:
(in Millions)
2009
2008
2007
Net income
$ 93
$ 80
$ 71
Other comprehensive loss:
Benefit obligations, net of tax of $—, $(1) and $—
—
(1)
—
Comprehensive income
$ 93
$ 79
$ 71
See Notes to Consolidated Financial Statements