Verizon Wireless 2014 Annual Report Download - page 44

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42
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(dollars in millions, except per share amounts, and shares in thousands)
Years Ended December 31, 2014 2013 2012
Shares Amount Shares Amount Shares Amount
Common Stock
Balance at beginning of year 2,967,610 $ 297 2,967,610 $ 297 2,967,610 $ 297
Common shares issued (Note 2) 1,274,764 127 – – – –
Balance at end of year 4,242,374 424 2,967,610 297 2,967,610 297
Contributed Capital
Balance at beginning of year 37,939 37,990 37,919
Acquisition of noncontrolling interest (Note 2) (26,898) – –
Other 114 (51) 71
Balance at end of year 11,155 37,939 37,990
Reinvested Earnings (Accumulated Decit)
Balance at beginning of year 1,782 (3,734) 1,179
Net income attributable to Verizon 9,625 11,497 875
Dividends declared ($2.16, $2.09, $2.03) per share (8,960) (5,981) (5,788)
Balance at end of year 2,447 1,782 (3,734)
Accumulated Other Comprehensive Income
Balance at beginning of year attributable to Verizon 2,358 2,235 1,269
Foreign currency translation adjustments (1,199) 60 69
Unrealized gains (losses) on cash ow hedges (197) 25 (68)
Unrealized gains (losses) on marketable securities (5) 16 29
Dened benet pension and postretirement plans 154 22 936
Other comprehensive income (loss) (1,247) 123 966
Balance at end of year attributable to Verizon 1,111 2,358 2,235
Treasury Stock
Balance at beginning of year (105,610) (3,961) (109,041) (4,071) (133,594) (5,002)
Shares purchased – – (3,500) (153) – –
Employee plans (Note 16) 14,132 541 6,835 260 11,434 433
Shareowner plans (Note 16) 4,105 157 96 3 13,119 498
Other (37) – – – – –
Balance at end of year (87,410) (3,263) (105,610) (3,961) (109,041) (4,071)
Deferred Compensation-ESOPs and Other
Balance at beginning of year 421 440 308
Restricted stock equity grant 166 152 196
Amortization (163) (171) (64)
Balance at end of year 424 421 440
Noncontrolling Interests
Balance at beginning of year 56,580 52,376 49,938
Acquisition of noncontrolling interest (Note 2) (55,960) – –
Net income attributable to noncontrolling interests 2,331 12,050 9,682
Other comprehensive income (loss) (23) (15) 10
Total comprehensive income (loss) 2,308 12,035 9,692
Distributions and other (1,550) (7,831) (7,254)
Balance at end of year 1,378 56,580 52,376
Total Equity $ 13,676 $ 95,416 $ 85,533
See Notes to Consolidated Financial Statements
VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES