General Motors 2011 Annual Report Download - page 81

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) — (Continued)
(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, 2009, Successor . . . . . — — 15 24,040 (4,394) 1,588 708 21,957
Net income ............................. — — — — 6,172 — 331 $ 6,503 6,503
Other comprehensive income (loss)
Foreign currency translation adjustments . . . — — — — — 223 (13) 210
Cash flow hedging losses, net ............ — — — — — (22) — (22)
Unrealized loss on securities . . . . . . . . . . . . . — — — — — (7) — (7)
Defined benefit plans, net (Note 18) ....... — — — — — (545) — (545)
Other comprehensive loss ............. — — — — — (351) (13) (364) (364)
Comprehensive income ............. $ 6,139
Reclassification of Series A Preferred Stock to
permanent equity ...................... 5,536 — — — — — — 5,536
Issuance of Series B Preferred Stock ......... — 4,855 — — — — — 4,855
Dividends declared or paid to noncontrolling
interest .............................. — — — — — — (85) (85)
Repurchase of noncontrolling interest shares . . — — — 1 — — (7) (6)
Sale of businesses . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 14 (18) (4)
Stock-based compensation . . . . . . . . . . . . . . . . . — — — 216 — — — 216
Effect of adoption of amendments to ASC 810
regarding variable interest entities . . . . . . . . . — — — — — — 76 76
Cash dividends paid on Series A Preferred
Stock and Cumulative dividends on
Series B Preferred Stock and charge
related to purchase of Series A Preferred
Stock .............................. — — — — (1,512) — — (1,512)
Other .................................. — — — — — — (13) (13)
Balance December 31, 2010, Successor ..... 5,536 4,855 15 24,257 266 1,251 979 37,159
Effect of adoption of amendments in ASU
2010-28 regarding goodwill impairment
(Notes 3 and 12) ....................... — — — — (1,466) — — — (1,466)
Net income ............................. — — — — 9,190 — 97 $ 9,287 9,287
Other comprehensive income (loss)
Foreign currency translation adjustments . . . — — — — — (176) (10) (186)
Cash flow hedging gains, net . . . . . . . . . . . . . — — — — — 15 — 15
Unrealized gain on securities ............. — — — — — 1 — 1
Defined benefit plans, net (Note 18) ....... — — — — — (6,903) — (6,903)
Sale of interest in nonconsolidated
affiliate ............................ — — — — — (42) — (42)
Other comprehensive loss ............. — — — — — (7,105) (10) (7,115) (7,115)
Comprehensive income ............. $ 2,172
Purchase of noncontrolling interest shares . . . . . — — — 41 — (7) (134) (100)
Exercise of common stock warrants . . . . . . . . . — — — 11 — — — 11
Stock based compensation . . . . . . . . . . . . . . . . . — — — 219 — — — 219
Pension plan stock contribution (Note 18) ..... — — 1 1,863 — — — 1,864
Cumulative dividends on Series A and Series B
Preferred Stock ........................ — — — — (859) — — (859)
Dividends declared or paid to noncontrolling
interest .............................. — — — — — — (54) (54)
Deconsolidation of noncontrolling interest . . . . — — — — — — (9) (9)
Other.................................. — — — — 52 — 2 54
Balance December 31, 2011, Successor ..... $5,536 $4,855 $16 $26,391 $ 7,183 $(5,861) $ 871 $38,991
Reference should be made to the notes to consolidated financial statements.
General Motors Company 2011 Annual Report 79