General Motors 2010 Annual Report Download - page 123

GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT)
(In millions)
Series A
Preferred
Stock
Series B
Preferred
Stock
Common Stockholders’
Noncontrolling
Interests
Comprehensive
Income (Loss)
Total
Equity
(Deficit)
Common
Stock
Capital
Surplus
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Balance at December 31, 2007,
Predecessor ................... $— $— $ 943 $16,100 $ (39,426) $(13,987) $1,218 $ (35,152)
Net income (loss) ................. — — — — (30,943) — (108) $ (31,051) (31,051)
Other comprehensive income
(loss)
Foreign currency translation loss . . . — — — — — (1,155) (161) (1,316)
Cash flow hedging losses, net ..... — — — — — (811) (420) (1,231)
Unrealized loss on securities ...... — — — — — (298) — (298)
Defined benefit plans, net
(Note 29) ................... — — — — — (16,088) — (16,088)
Other comprehensive income
(loss) .................... — — — — — (18,352) (581) (18,933) (18,933)
Comprehensive income
(loss) .................. $ (49,984)
Effects of Ally Financial adoption of
ASC820andASC825 .......... — — — — (76) — — (76)
Stock options .................... — — — 32 1 — — 33
Common stock issued for settlement
of Series D debentures ........... — — 74 357 — — — 431
Cash dividends paid to Old GM
common stockholders ........... — — — — (283) — — (283)
Dividends declared or paid to
noncontrolling interests .......... — — — — — — (46) (46)
Other .......................... — — — — — — 1 1
Balance December 31, 2008,
Predecessor ................... — — 1,017 16,489 (70,727) (32,339) 484 (85,076)
Net income (loss) ................. — — — — 109,118 — (115) $109,003 109,003
Other comprehensive income
(loss)
Foreign currency translation gain . . — — — — — 232 (85) 147
Cash flow hedging gains, net ...... — — — — — 99 177 276
Unrealized gain on securities ...... — — — — — 46 — 46
Defined benefit plans, net
(Note 29) ................... — — — — — (3,408) — (3,408)
Other comprehensive income
(loss) .................... — — — — — (3,031) 92 (2,939) (2,939)
Comprehensive income
(loss) .................. $106,064
Dividends declared or paid to
noncontrolling interests .......... — — — — — — (26) (26)
Other .......................... — — 1 5 (1) — (27) (22)
Balance July 9, 2009, Predecessor . . — — 1,018 16,494 38,390 (35,370) 408 20,940
Reference should be made to the notes to consolidated financial statements.
General Motors Company 2010 Annual Report 121