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C » Topics » CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)

This excerpt taken from the C 10-Q filed Nov 5, 2007.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)

 
   Nine Months Ended September 30,
  
In millions of dollars, except shares in thousands
  
  2007
   2006
  
Preferred stock at aggregate liquidation value              
Balance, beginning of period   $ 1,000   $ 1,125  
Redemption or retirement of preferred stock     (800 )   (125 )
   
 
 
Balance, end of period   $ 200   $ 1,000  
   
 
 
Common stock and additional paid-in capital              
Balance, beginning of period   $ 18,308   $ 17,538  
Employee benefit plans     (74 )   341  
Issuance of shares for Grupo Cuscatlan acquisition     118     —  
Other     —     1  
   
 
 
Balance, end of period   $ 18,352   $ 17,880  
   
 
 
Retained earnings              
Balance, beginning of period   $ 129,267   $ 117,555  
Adjustment to opening balance, net of tax(1)     (186 )   —  
   
 
 
Adjusted balance, beginning of period   $ 129,081   $ 117,555  
Net income     13,450     16,409  
Common dividends(2)     (8,043 )   (7,371 )
Preferred dividends     (43 )   (49 )
   
 
 
Balance, end of period   $ 134,445   $ 126,544  
   
 
 
Treasury stock, at cost              
Balance, beginning of period   $ (25,092 ) $ (21,149 )
Issuance of shares pursuant to employee benefit plans     2,763     2,406  
Treasury stock acquired(3)     (663 )   (6,000 )
Issuance of shares for Grupo Cuscatlan acquisition     637     —  
Other     26     6  
   
 
 
Balance, end of period   $ (22,329 ) $ (24,737 )
   
 
 
Accumulated other comprehensive income (loss)              
Balance, beginning of period   $ (3,700 ) $ (2,532 )
Adjustment to opening balance, net of tax(4)     149     —  
Adjusted balance, beginning of period   $ (3,551 ) $ (2,532 )
Net change in unrealized gains and losses on investment securities, net of tax     (410 )   (83 )
Net change in cash flow hedges, net of tax     (1,396 )   (680 )
Net change in foreign currency translation adjustment, net of tax     1,558     474  
Pension liability adjustment, net of tax     244     (1 )
   
 
 
Net change in Accumulated other comprehensive income (loss)   $ (4 ) $ (290 )
   
 
 
Balance, end of period   $ (3,555 ) $ (2,822 )
   
 
 
Total common stockholders' equity (shares outstanding: 4,981,134 at September 30, 2007 and 4,971,241 at December 31, 2006)   $ 126,913   $ 116,865  
   
 
 
Total stockholders' equity   $ 127,113   $ 117,865  
   
 
 
Comprehensive income              
Net income   $ 13,450   $ 16,409  
Net change in Accumulated other comprehensive income (loss)     (4 )   (290 )
   
 
 
Total comprehensive income   $ 13,446   $ 16,119  
   
 
 
(1)
The adjustment to the opening balance of Retained earnings represents the total of the after-tax gain (loss) amounts for the adoption of the following accounting pronouncements:

•
SFAS 157 for $75 million,

•
SFAS 159 for ($99) million,

•
FSP 13-2 for ($148) million, and

•
FIN 48 for ($14) million.

    See Notes 1 and 16 on pages 55 and 77, respectively.

(2)
Common dividends declared were 54 cents per share in the first, second and third quarters of 2007 and 49 cents per share in the first, second and third quarters of 2006.

(3)
All open market repurchases were transacted under an existing authorized share repurchase plan. On April 17, 2006, the Board of Directors authorized up to an additional $10 billion in share repurchases.

(4)
The after-tax adjustment to the opening balance of Accumulated other comprehensive income (loss) represents the reclassification of the unrealized gains (losses) related to the Legg Mason securities as well as several miscellaneous items previously reported in accordance with SFAS No. 115, "Accounting for Certain Investments in Debt and Equity Securities" (SFAS 115). The related unrealized gains and losses were reclassified to Retained earnings upon the adoption of the fair value option in accordance with SFAS 159. See Notes 1 and 16 on pages 55 and 77 for further discussions.

See Notes to the Unaudited Consolidated Financial Statements.

52

This excerpt taken from the C 10-Q filed May 4, 2007.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)

 
   Three Months Ended March 31,
  
In millions of dollars, except shares in thousands

   2007
   2006
  
Preferred stock at aggregate liquidation value              
Balance, beginning of period   $ 1,000   $ 1,125  
Redemption or retirement of preferred stock     —     (125 )
   
 
 
Balance, end of period   $ 1,000   $ 1,000  
   
 
 
Common stock and additional paid-in capital              
Balance, beginning of period   $ 18,308   $ 17,538  
Employee benefit plans     (913 )   (365 )
Other     1     1  
   
 
 
Balance, end of period   $ 17,396   $ 17,174  
   
 
 
Retained earnings              
Balance, beginning of period   $ 129,267   $ 117,555  
Adjustment to opening balance, net of tax(1)     (186 )   —  
   
 
 
Adjusted balance, beginning of period   $ 129,081   $ 117,555  
Net income     5,012     5,639  
Common dividends(2)     (2,682 )   (2,474 )
Preferred dividends     (16 )   (17 )
   
 
 
Balance, end of period   $ 131,395   $ 120,703  
   
 
 
Treasury stock, at cost              
Balance, beginning of period   $ (25,092 ) $ (21,149 )
Issuance of shares pursuant to employee benefit plans     1,904     1,391  
Treasury stock acquired(3)     (645 )   (2,000 )
Other     —     5  
   
 
 
Balance, end of period   $ (23,833 ) $ (21,753 )
   
 
 
Accumulated other comprehensive income (loss)              
Balance, beginning of period   $ (3,700 ) $ (2,532 )
Adjustment to opening balance, net of tax(4)     149     —  
   
 
 
Adjusted balance, beginning of period   $ (3,551 ) $ (2,532 )
Net change in unrealized gains and losses on investment securities, net of tax     159     (356 )
Net change in cash flow hedges, net of tax     (439 )   206  
Net change in foreign currency translation adjustment, net of tax     (121 )   (28 )
Pension liability adjustment, net of tax     77     4  
   
 
 
Net change in Accumulated other comprehensive income (loss)   $ (324 ) $ (174 )
   
 
 
Balance, end of period   $ (3,875 ) $ (2,706 )
   
 
 
Total common stockholders' equity (shares outstanding: 4,946,439 at March 31, 2007 and 4,971,241 at December 31, 2006)   $ 121,083   $ 113,418  
   
 
 
Total stockholders' equity   $ 122,083   $ 114,418  
   
 
 
Comprehensive income              
Net income   $ 5,012   $ 5,639  
Net change in Accumulated other comprehensive income (loss)     (324 )   (174 )
   
 
 
Total comprehensive income   $ 4,688   $ 5,465  
   
 
 
(1)
The adjustment to the opening balance of retained earnings represents the total of the after-tax amounts for the adoption of the following accounting pronouncements:

•
SFAS 157 for $75 million,

•
SFAS 159 for ($99) million,

•
FSP 13-2 for ($148) million, and

•
FIN 48 for ($14) million.

    See Note 1 and Note 16 on pages 85 and 105, respectively.

(2)
Common dividends declared were 54 cents per share in the first quarter of 2007 and 49 cents per share in the first quarter of 2006.

(3)
All open market repurchases were transacted under an existing authorized share repurchase plan.

(4)
The after-tax adjustment to the opening balance of Accumulated other comprehensive income (loss) represents the reclassification of the unrealized gains (losses) related to the Legg Mason securities as well as several miscellaneous items previously reported in accordance with SFAS No. 115, "Accounting for Certain Investments in Debt and Equity Securities" (SFAS 115). The related unrealized gains and losses were reclassified to retained earnings upon the adoption of the fair value option in accordance with SFAS 159. See Note 1 and Note 16 on pages 85 and 105 for further discussions.

See Notes to the Unaudited Consolidated Financial Statements.

82

This excerpt taken from the C 10-Q filed Nov 3, 2006.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)

 
   Nine Months Ended September 30,
  
In millions of dollars, except shares in thousands

   2006
   2005(1)
  
Preferred stock at aggregate liquidation value              
Balance, beginning of period   $ 1,125   $ 1,125  
Redemption or retirement of preferred stock     (125 )   —  
   
 
 
Balance, end of period   $ 1,000   $ 1,125  
   
 
 
Common stock and additional paid-in capital              
Balance, beginning of period   $ 17,538   $ 16,960  
Employee benefit plans     341     679  
Other     1     52  
   
 
 
Balance, end of period   $ 17,880   $ 17,691  
   
 
 
Retained earnings              
Balance, beginning of period   $ 117,555   $ 102,154  
Net income     16,409     17,657  
Common dividends(2)     (7,371 )   (6,892 )
Preferred dividends     (49 )   (51 )
   
 
 
Balance, end of period   $ 126,544   $ 112,868  
   
 
 
Treasury stock, at cost              
Balance, beginning of period   $ (21,149 ) $ (10,644 )
Issuance of shares pursuant to employee benefit plans     2,406     1,639  
Treasury stock acquired(3)     (6,000 )   (8,371 )
Other     6     86  
   
 
 
Balance, end of period   $ (24,737 ) $ (17,290 )
   
 
 
Accumulated other changes in equity from nonowner sources              
Balance, beginning of period   $ (2,532 ) $ (304 )
Net change in unrealized gains and losses on investment securities, net of tax     (83 )   (1,603 )
Net change in cash flow hedges, net of tax     (680 )   297  
Net change in foreign currency translation adjustment, net of tax     474     (842 )
Minimum pension liability adjustment, net of tax     (1 )   (105 )
   
 
 
Balance, end of period   $ (2,822 ) $ (2,557 )
   
 
 
Total common stockholders' equity (shares outstanding: 4,913,667 in 2006 and 5,058,979 in 2005)   $ 116,865   $ 110,712  
   
 
 
Total stockholders' equity   $ 117,865   $ 111,837  
   
 
 
Summary of changes in equity from nonowner sources              
Net income   $ 16,409   $ 17,657  
Other changes in equity from nonowner sources, net of tax     (290 )   (2,253 )
   
 
 
Total changes in equity from nonowner sources   $ 16,119   $ 15,404  
   
 
 
(1)
Reclassified to conform to the current period's presentation.

(2)
Common dividends declared were 49 cents per share in the first, second, and third quarters of 2006 and 44 cents per share in the first, second, and third quarters of 2005.

(3)
All open market repurchases were transacted under an existing authorized share repurchase plan. On April 13, 2006, the Board of Directors authorized up to an additional $10 billion in share repurchases.

See Notes to the Unaudited Consolidated Financial Statements.

88

CITIBANK, N.A. AND SUBSIDIARIES

This excerpt taken from the C 10-Q filed Aug 4, 2006.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited)

 
   Six Months Ended June 30,
  
In millions of dollars, except shares in thousands
  
  2006
   2005(1)
  
Preferred stock at aggregate liquidation value              
Balance, beginning of period   $ 1,125   $ 1,125  
Redemption or retirement of preferred stock     (125 )   —  
   
 
 
Balance, end of period   $ 1,000   $ 1,125  
   
 
 
Common stock and additional paid-in capital              
Balance, beginning of period   $ 17,538   $ 16,960  
Employee benefit plans     (58 )   204  
Other     1     51  
   
 
 
Balance, end of period   $ 17,481   $ 17,215  
   
 
 
Retained earnings              
Balance, beginning of period   $ 117,555   $ 102,154  
Net income     10,904     10,514  
Common dividends(2)     (4,929 )   (4,608 )
Preferred dividends     (33 )   (34 )
   
 
 
Balance, end of period   $ 123,497   $ 108,026  
   
 
 
Treasury stock, at cost              
Balance, beginning of period   $ (21,149 ) $ (10,644 )
Issuance of shares pursuant to employee benefit plans     1,945     1,142  
Treasury stock acquired(3)     (4,000 )   (2,871 )
Other     5     74  
   
 
 
Balance, end of period   $ (23,199 ) $ (12,299 )
   
 
 
Accumulated other changes in equity from nonowner sources              
Balance, beginning of period   $ (2,532 ) $ (304 )
Net change in unrealized gains and losses on investment securities, net of tax     (1,330 )   117  
Net change in cash flow hedges, net of tax     511     7  
Net change in foreign currency translation adjustment, net of tax     (1 )   (850 )
Minimum pension liability adjustment, net of tax     1     —  
   
 
 
Balance, end of period   $ (3,351 ) $ (1,030 )
   
 
 
Total common stockholders' equity (shares outstanding: 4,943,945 in 2006 and 5,170,081 in 2005)   $ 114,428   $ 111,912  
   
 
 
Total stockholders' equity   $ 115,428   $ 113,037  
   
 
 
Summary of changes in equity from nonowner sources              
Net income   $ 10,904   $ 10,514  
Other changes in equity from nonowner sources, net of tax     (819 )   (726 )
   
 
 
Total changes in equity from nonowner sources   $ 10,085   $ 9,788  
   
 
 
(1)
Reclassified to conform to the current period's presentation.

(2)
Common dividends declared were 49 cents per share in the first and second quarters of 2006 and 44 cents per share in the first and second quarters of 2005.

(3)
All open market repurchases were transacted under an existing authorized share repurchase plan. On April 13, 2006, the Board of Directors authorized up to an additional $10 billion in share repurchases.

See Notes to the Unaudited Consolidated Financial Statements.

84

EXCERPTS ON THIS PAGE:

10-Q
Nov 5, 2007
10-Q
May 4, 2007
10-Q
Nov 3, 2006
10-Q
Aug 4, 2006

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