Windstream 2012 Annual Report Download - page 137
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F-39
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, 2009 $ 106.2 $ (18.6) $ 168.3 $ 255.9
Net income — — 312.7 312.7
Other comprehensive (loss) income, net of tax:
Change in postretirement and pension plans —(10.4)—
(10.4)
Amortization of unrealized losses on de-designated
interest rate swaps — 3.0 — 3.0
Changes in designated interest rate swaps — 1.9 — 1.9
Comprehensive (loss) income —(5.5) 312.7 307.2
Share-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
Taxes withheld on vested restricted stock and other (4.5)——
(4.5)
Dividends of $1.00 per share declared to stockholders (1.0)—
(481.0)(482.0)
Balance at December 31, 2010 $ 855.1 $ (24.1) $ — $ 831.0
Net income — — 169.5 169.5
Other comprehensive income, net of tax:
Change in postretirement and pension plans — 15.8 — 15.8
Amortization of unrealized losses on de-designated
interest rate swaps — 30.3 — 30.3
Changes in designated interest rate swaps —(20.1)—
(20.1)
Comprehensive income — 26.0 169.5 195.5
Share-based compensation expense 24.1 — — 24.1
Stock options exercised 2.3 — — 2.3
Stock issued to PAETEC shareholders (See Note 3) 842.0 — — 842.0
Stock issued to pension plan (See Note 8) 135.8 — — 135.8
Taxes withheld on vested restricted stock and other (4.4)——
(4.4)
Dividends of $1.00 per share declared to stockholders (361.5)—
(169.5)(531.0)
Balance at December 31, 2011 $ 1,493.4 $ 1.9 $ — $ 1,495.3
Net income — — 168.0 168.0
Other comprehensive income, net of tax:
Change in postretirement and pension plans —(10.9)—
(10.9)
Amortization of unrealized losses on de-designated
interest rate swaps — 28.0 — 28.0
Changes in designated interest rate swaps —(12.6)—
(12.6)
Comprehensive income — 4.5 168.0 172.5
Share-based compensation expense 25.4 — — 25.4
Stock options exercised 6.0 — — 6.0
Taxes withheld on vested restricted stock and other (5.6)——
(5.6)
Dividends of $1.00 per share declared to stockholders (420.8)—
(168.0)(588.8)
Balance at December 31, 2012 $ 1,098.4 $ 6.4 $ — $ 1,104.8
The accompanying notes are an integral part of these consolidated financial statements.