Windstream 2010 Annual Report Download - page 137

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(Millions, except per share amounts)
Common Stock
and Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings Total
Balance at December 31, 2007 $ 286.8 $ (103.0) $ 516.0 $ 699.8
Net income - - 412.7 412.7
Other comprehensive income (loss), net of tax: (See Note 11)
Change in employee benefit plans - (194.5) - (194.5)
Unrealized holding losses on interest rate swaps - (39.1) - (39.1)
Comprehensive income (loss) - (233.6) 412.7 179.1
Stock repurchase (200.3) - - (200.3)
Stock-based compensation expense 18.1 - - 18.1
Tax withheld on vested restricted stock and other (3.1) - - (3.1)
Dividends of $1.00 per share declared to stockholders - - (441.3) (441.3)
Balance at December 31, 2008 $ 101.5 $ (336.6) $ 487.4 $ 252.3
Net income - - 334.5 334.5
Other comprehensive income, net of tax: (See Note 11)
Change in employee benefit plans - 107.9 - 107.9
Unrealized holding gains on interest rate swaps - 20.4 - 20.4
Comprehensive income - 128.3 334.5 462.8
Stock repurchase (121.3) - - (121.3)
Stock-based compensation expense 17.4 - - 17.4
Tax withheld on vested restricted stock and other (8.6) - - (8.6)
Stock issued to D&E shareholders (See Note 3) 94.6 - - 94.6
Dividends of $1.00 per share declared to stockholders - - (436.5) (436.5)
Balance at December 31, 2009 $ 83.6 $ (208.3) $ 385.4 $ 260.7
Net income - - 310.7 310.7
Other comprehensive income, net of tax: (See Note 11)
Change in employee benefit plans - (13.5) - (13.5)
Amortization and reclassification of losses included in
earnings on dedesignated swap instruments - 3.0 - 3.0
Unrealized holding gains on designated interest rate swaps - 1.9 - 1.9
Comprehensive income (loss) - (8.6) 310.7 302.1
Stock-based compensation expense 17.0 - - 17.0
Stock issued to NuVox shareholders (See Note 3) 185.0 - - 185.0
Stock issued to Iowa Telecom shareholders (See Note 3) 280.8 - - 280.8
Stock issued to Q-Comm shareholders (See Note 3) 271.6 - - 271.6
Tax withheld on vested restricted stock and other (4.6) - - (4.6)
Dividends of $1.00 per share declared to stockholders - - (482.0) (482.0)
Balance at December 31, 2010 $ 833.4 $ (216.9) $ 214.1 $ 830.6
The accompanying notes are an integral part of these consolidated financial statements.
F-37