General Motors 2011 Annual Report Download - page 80

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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
Retain
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
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 adjustments . . — — — — — 232 (85) 147
Cash flow hedging gains, net . . . . . . . . . . . . — — — — — 99 177 276
Unrealized gain on securities . . . . . . . . . . . . — — — — — 46 — 46
Defined benefit plans, net (Note 18) ...... — — — — — (3,408) — (3,408)
Other comprehensive loss ............ (3,031) 92 (2,939) (2,939)
Comprehensive income ............ $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
Fresh-start reporting adjustments:
Elimination of predecessor common stock,
capital surplus and accumulated deficit .... — — (1,018) (16,494) (38,390) — — (55,902)
Elimination of accumulated other
comprehensive loss ................... — — — — — 35,370 — 35,370
Issuance of GM common stock . . . . . . . . . . . . — — 12 18,779 — — — 18,791
Balance July 10, 2009 Successor . . . . . . . . . . — — 12 18,779 — — 408 19,199
Net income (loss) ....................... — — — — (4,297) — 511 $ (3,786) (3,786)
Other comprehensive income (loss)
Foreign currency translation adjustments . . — — — — — 157 (33) 124
Cash flow hedging losses, net . . . . . . . . . . . — — — — — (1) — (1)
Unrealized gain on securities ............ — — — — — 2 — 2
Defined benefit plans, net (Note 18) ...... — — — — — 1,430 — 1,430
Other comprehensive income .......... 1,588 (33) 1,555 1,555
Comprehensive loss ............... $ (2,231)
Common stock and warrants related to
settlement of UAW hourly retiree medical
plan ................................ — — 3 5,153 — — — 5,156
Purchases of noncontrolling interest . . . . . . . . — — — 108 — — (208) (100)
Cash dividends paid on Series A Preferred
Stock .............................. — — — — (97) — — (97)
Other ................................ — — — — — — 30 30
Balance December 31, 2009, Successor . . . . — — 15 24,040 (4,394) 1,588 708 21,957
Reference should be made to the notes to consolidated financial statements.
78 General Motors Company 2011 Annual Report