General Motors 2012 Annual Report Download - page 77

GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY
(In millions)
Series A
Preferred
Stock
Series B
Preferred
Stock
Common Stockholders’
Noncontrolling
Interests
Total
Equity
Common
Stock
Capital
Surplus
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income (Loss)
Balance December 31, 2009 $ — $ — $15 $24,040 $ (4,394) $ 1,588 $ 708 $21,957
Net income ........................................... — — — — 6,172 — 331 6,503
Other comprehensive loss ................................ — — — — — (351) (13) (364)
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 ............................. 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 (Note 12) .......................... — — — — (1,466) — — (1,466)
Net income ........................................... — — — — 9,190 — 97 9,287
Other comprehensive loss ................................ — — — — — (7,105) (10) (7,115)
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
Cash dividends on Series A Preferred Stock and cumulative
dividends on Series B Preferred Stock .................... — — — — (859) — — (859)
Dividends declared or paid to noncontrolling interest .......... — — — — — — (54) (54)
Deconsolidation of noncontrolling interest shares ............. — — — — — — (9) (9)
Other ................................................ — — — — 52 — 2 54
Balance December 31, 2011 ............................. 5,536 4,855 16 26,391 7,183 (5,861) 871 38,991
Net income (loss) ...................................... — — — — 6,188 — (52) 6,136
Other comprehensive income (loss) ........................ — — — — — (2,191) 11 (2,180)
Purchase and retirement of common stock ................... — — (2) (2,652) (2,455) — — (5,109)
Exercise of common stock warrants ........................ — — — 5 — — — 5
Stock based compensation ............................... — — — 89 — — — 89
Conversion of Series B Preferred Stock to common stock ....... — — — 1 — — — 1
Cash dividends on Series A Preferred Stock and cumulative
dividends on Series B Preferred Stock .................... — — — — (859) — — (859)
Dividends declared or paid to noncontrolling interest .......... — — — — — — (80) (80)
Other ................................................ — — — — — — 6 6
Balance December 31, 2012 ............................. $5,536 $4,855 $14 $23,834 $10,057 $(8,052) $ 756 $37,000
Reference should be made to the notes to consolidated financial statements.
General Motors Company 2012 ANNUAL REPORT74