Windstream 2014 Annual Report Download - page 156
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F-40
WINDSTREAM HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(Millions, except per share amounts)
Common Stock
and Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings Total
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 (See Note 8) 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
Net income — — 241.0 241.0
Other comprehensive income, net of tax:
Change in postretirement and pension plans — (17.5) — (17.5)
Amortization of unrealized losses on de-designated
interest rate swaps — 22.2 — 22.2
Changes in designated interest rate swaps — 17.4 — 17.4
Comprehensive income — 22.1 241.0 263.1
Share-based compensation expense (See Note 8) 26.8 — — 26.8
Stock options exercised 0.8 — — 0.8
Stock issued to employee savings plan (See Note 7) 20.4 — — 20.4
Stock issued to qualified pension plan (See Note 7) 27.8 — — 27.8
Taxes withheld on vested restricted stock and other (8.0) — — (8.0)
Dividends of $1.00 per share declared to stockholders (354.5) — (241.0) (595.5)
Balance at December 31, 2013 $ 811.7 $ 28.5 $ — $ 840.2
Net loss — — (39.5) (39.5)
Other comprehensive loss, net of tax:
Change in postretirement and pension plans — (11.9) — (11.9)
Amortization of unrealized losses on de-designated
interest rate swaps — 9.8 — 9.8
Changes in designated interest rate swaps — (14.3) — (14.3)
Comprehensive loss — (16.4) (39.5) (55.9)
Share-based compensation expense (See Note 8) 22.1 — — 22.1
Stock options exercised 1.6 — — 1.6
Stock issued for management incentive compensation plans
(See Note 8) 1.4 — — 1.4
Stock issued to employee savings plan (See Note 7) 21.6 — — 21.6
Stock issued to qualified pension plan (See Note 7) 8.3 — — 8.3
Taxes withheld on vested restricted stock and other (11.6) — — (11.6)
Dividends of $1.00 per share declared to stockholders (642.4) — 39.5 (602.9)
Balance at December 31, 2014 $ 212.7 $ 12.1 $ — $ 224.8
The accompanying notes are an integral part of these consolidated financial statements.