Statement of Changes in Stockholders Equity for Citigroup (C)

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C » Topics » Statement of Changes in Stockholders Equity

These excerpts taken from the C 10-K filed Feb 27, 2009.

Statement of Changes in Stockholder’s Equity

(Continued)


In millions of dollars, except shares	Year ended December 31
In millions of dollars, except shares	2008			2007			2006
Total common stockholder’s equity	$	81,358		$	99,306		$	73,153
Total stockholder’s equity	$	81,358		$	99,306		$	73,153
Comprehensive income (loss)
Net income (loss)	$	(6,215	)	$	2,304		$	9,338
Net change in Accumulated other comprehensive income (loss)		(13,400	)		(785	)		841
Comprehensive income (loss)	$	(19,615	)	$	1,519		$	10,179

(1)

Primarily represents the transfer of Citibank, N.A.’s investment in Citi Financial Japan, KK to the Citigroup’s affiliate, Nikko Citi Holdings.

(2)

The adjustment to opening balance for Retained earnings represents the total of the after-tax gain (loss) amounts for the adoption of the following accounting pronouncements:

•

SFAS 157 for $9 million,

•

SFAS 159 for $15 million,

•

FSP 13-2 for $(142) million, and

•

FIN 48 for $22 million.

See Notes 1, 26 and 27 on pages 121, 191 and 200, respectively.

(3)

The after-tax adjustment to the opening balance of Accumulated other comprehensive income (loss) represents the reclassification of the unrealized gains (losses) related to several miscellaneous items previously reported in accordance with 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 27 on pages 121 and 200 for further discussions.

Statement of Changes in Stockholder’s Equity

(Continued)


In millions of dollars, except shares	Year ended December 31
In millions of dollars, except shares	2008			2007			2006
Total common stockholder’s equity	$	81,358		$	99,306		$	73,153
Total stockholder’s equity	$	81,358		$	99,306		$	73,153
Comprehensive income (loss)
Net income (loss)	$	(6,215	)	$	2,304		$	9,338
Net change in Accumulated other comprehensive income (loss)		(13,400	)		(785	)		841
Comprehensive income (loss)	$	(19,615	)	$	1,519		$	10,179

(1)

Primarily represents the transfer of Citibank, N.A.’s investment in Citi Financial Japan, KK to the Citigroup’s affiliate, Nikko Citi Holdings.

(2)

The adjustment to opening balance for Retained earnings represents the total of the after-tax gain (loss) amounts for the adoption of the following accounting pronouncements:

•

SFAS 157 for $9 million,

•

SFAS 159 for $15 million,

•

FSP 13-2 for $(142) million, and

•

FIN 48 for $22 million.

See Notes 1, 26 and 27 on pages 121, 191 and 200, respectively.

(3)

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

Statement of Changes in Stockholder's Equity (Unaudited)

	Nine Months Ended September 30,
*In millions of dollars, except shares*	Nine Months Ended September 30,
*In millions of dollars, except shares*	2007			2006
Common stock ($20 par value)
Balance, beginning of period—Shares: 37,534,553 in 2007 and 2006	$	751		$	751

Balance, end of period—Shares: 37,534,553 in 2007 and 2006	$	751		$	751

Surplus
Balance, beginning of period	$	43,753		$	37,978
Capital contribution from parent company		11,794			1,546
Employee benefit plans		30			115
Other		30			10

Balance, end of period	$	55,607		$	39,649

Retained earnings
Balance, beginning of period	$	30,358		$	24,062
Adjustment to opening balance, net of tax(1)		(96	)		—

Adjusted balance, beginning of period	$	30,262		$	24,062
Net income		6,821			7,457
Dividends paid		(582	)		(2,928	)

Balance, end of period	$	36,501		$	28,591

Accumulated other comprehensive income (loss)
Balance, beginning of period	$	(1,709	)	$	(2,550	)
Adjustment to opening balance, net of tax(2)		(1	)		—

Adjusted balance, beginning of period	$	(1,710	)	$	(2,550	)
Net change in unrealized gains (losses) on investment securities, available-for-sale, net of tax		(741	)		225
Net change in foreign currency translation adjustment, net of tax		1,688			1,158
Net change for cash flow hedges, net of tax		(972	)		(418	)
Pension liability adjustment, net of tax		88			(2	)

Net change in Accumulated other comprehensive income	$	63		$	963

Balance, end of period	$	(1,647	)	$	(1,587	)

Total stockholder's equity
Balance, beginning of period	$	73,153		$	60,241
Adjustment to opening balance, net of tax(1)(2)		(97	)		—

Adjusted balance, beginning of period	$	73,056		$	60,241
Changes during the period, net		18,156			7,163

Balance, end of period	$	91,212		$	67,404

Comprehensive income
Net income	$	6,821		$	7,457
Net change in Accumulated other comprehensive income		63			963

Total comprehensive income	$	6,884		$	8,420

(1)

The adjustment to opening balance for Retained earnings represents the total of the after-tax gain (loss) amounts for the adoption of the following accounting pronouncements:

•: SFAS 157 for $9 million,
•: SFAS 159 for $15 million,
•: FSP 13-2 for ($142) million, and
•: FIN 48 for $22 million.

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

(2): The after-tax adjustment to the opening balance of Accumulated other comprehensive income (loss) represents the reclassification of the unrealized gains (losses) related to several miscellaneous items previously reported in accordance with 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 55 and 77 for further discussions.

Reclassified to conform to the current period's presentation.

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

Statement of Changes in Stockholder's Equity

	Nine Months Ended September 30,
*In millions of dollars, except shares*	2006			2005
Preferred stock ($100 par value)
Balance, beginning of period	$	—		$	1,950
Redemption or retirement of preferred stock		—			—

Balance, end of period	$	—		$	1,950

Common stock ($20 par value)
Balance, beginning of period—Shares: 37,534,553 in 2006 and 2005	$	751		$	751

Balance, end of period—Shares: 37,534,553 in 2006 and 2005	$	751		$	751

Surplus
Balance, beginning of period	$	27,244		$	25,972
Capital contribution from parent company		3			—
Employee benefit plans		114			127
Other		6			63

Balance, end of period	$	27,367		$	26,162

Retained earnings
Balance, beginning of period	$	30,651		$	25,935
Net income		7,579			6,795
Dividends paid		(2,628	)		(4,028	)

Balance, end of period	$	35,602		$	28,702

Accumulated other changes in equity from nonowner sources
Balance, beginning of period	$	(2,382	)	$	(467	)
Net change in unrealized gains (losses) on investment securities, available-for-sale, net of tax		137			(401	)
Net change in foreign currency translation adjustment, net of tax		1,158			(1,243	)
Net change for cash flow hedges, net of tax		(234	)		145
Minimum pension liability adjustment, net of tax		(2	)		(64	)

Balance, end of period	$	(1,323	)	$	(2,030	)

Total stockholder's equity
Balance, beginning of period	$	56,264		$	54,141
Changes during the year, net		6,133			1,394

Balance, end of period	$	62,397		$	55,535

Summary of changes in equity from nonowner sources
Net income	$	7,579		$	6,795
Other changes in equity from nonowner sources, net of tax		1,059			(1,563	)

Total changes in equity from nonowner sources	$	8,638		$	5,232

121

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

Statement of Changes in Stockholder's Equity

	Six Months Ended June 30,
In millions of dollars, except shares	Six Months Ended June 30,
In millions of dollars, except shares	2006			2005
Preferred stock ($100 par value)
Balance, beginning of period	$	—		$	1,950
Redemption or retirement of preferred stock		—			—

Balance, end of period	$	—		$	1,950

Common stock ($20 par value)
Balance, beginning of period—Shares: 37,534,553 in 2006 and 2005	$	751		$	751

Balance, end of period—Shares: 37,534,553 in 2006 and 2005	$	751		$	751

Surplus
Balance, beginning of period	$	27,244		$	25,972
Capital contribution from parent company		3			—
Employee benefit plans		78			103
Other		6			19

Balance, end of period	$	27,331		$	26,094

Retained earnings
Balance, beginning of period	$	30,651		$	25,935
Net income		5,308			4,380
Dividends paid		(1,988	)		(2,190	)

Balance, end of period	$	33,971		$	28,125

Accumulated other changes in equity from nonowner sources
Balance, beginning of period	$	(2,382	)	$	(467	)
Net change in unrealized gains (losses) on investment securities, available-for-sale, net of tax		(422	)		71
Net change in foreign currency translation adjustment, net of tax		942			(1,169	)
Net change for cash flow hedges, net of tax		101			(33	)
Minimum pension liability adjustment, net of tax		—			—

Balance, end of period	$	(1,761	)	$	(1,598	)

Total stockholder's equity
Balance, beginning of period	$	56,264		$	54,141
Changes during the year, net		4,028			1,181

Balance, end of period	$	60,292		$	55,322

Summary of changes in equity from nonowner sources
Net income	$	5,308		$	4,380
Other changes in equity from nonowner sources, net of tax		621			(1,131	)

Total changes in equity from nonowner sources	$	5,929		$	3,249

116

This excerpt taken from the C 10-Q filed May 5, 2006.

Statement of Changes in Stockholder's Equity

	Three Months Ended March 31,
In millions of dollars, except shares	Three Months Ended March 31,
In millions of dollars, except shares	2006			2005
Preferred stock ($100 par value)
Balance, beginning of year	$	—		$	1,950
Redemption or retirement of preferred stock		—			—

Balance, end of year	$	—		$	1,950

Common stock ($20 par value)
Balance, beginning of year—Shares: 37,534,553 in 2006 and 2005	$	751		$	751

Balance, end of year—Shares: 37,534,553 in 2006 and 2005	$	751		$	751

Surplus
Balance, beginning of year	$	27,244		$	25,972
Capital contribution from parent company		3			—
Employee benefit plans		36			43
Other		—			19

Balance, end of year	$	27,283		$	26,034

Retained earnings
Balance, beginning of year	$	30,651		$	25,935
Net income		2,778			2,281
Dividends paid		(1,307	)		(550	)

Balance, end of year	$	32,122		$	27,666

Accumulated other changes in equity from nonowner sources
Balance, beginning of year	$	(2,382	)	$	(467	)
Net change in unrealized gains (losses) on investment securities, available-for-sale, net of tax		(100	)		(274	)
Net change in foreign currency translation adjustment, net of tax		313			(522	)
Net change for cash flow hedges, net of tax		46			87
Minimum pension liability adjustment, net of tax		3			—

Balance, end of year	$	(2,120	)	$	(1,176	)

Total stockholder's equity
Balance, beginning of year	$	56,264		$	54,141
Changes during the year, net		1,772			1,084

Balance, end of year	$	58,036		$	55,225

Summary of changes in equity from nonowner sources
Net income	$	2,778		$	2,281
Other changes in equity from nonowner sources, net of tax		262			(709	)

Total changes in equity from nonowner sources	$	3,040		$	1,572

110

PART II. OTHER INFORMATION

EXCERPTS ON THIS PAGE:

10-K (2 sections)	Feb 27, 2009

10-Q	Nov 5, 2007

10-Q	Nov 3, 2006

10-Q	Aug 4, 2006

10-Q	May 5, 2006

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