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Consolidated Statement of Changes in Shareholders' Equity
Bank of America Corporation and Subsidiaries
Common Stock and Additional Paid-in Capital |
||||||||
---|---|---|---|---|---|---|---|---|
(Dollars in millions, shares in thousands) | Preferred Stock |
Shares | Amount | Retained Earnings |
Accumulated Other Comprehensive Income (Loss) (1) |
Other | Total Shareholders' Equity |
Comprehensive Income |
Balance, December 31, 2003 |
$ |
2,882,288 |
$ |
$ |
$ |
$ |
$ |
|
Net income | 13,947 | 13,947 |
$ |
|||||
Net unrealized losses on available-for-sale debt and
marketable equity securities |
(127) | (127) | (127) | |||||
Net unrealized gains on foreign currency translation
adjustments
|
13 | 13 | 13 | |||||
Net losses on derivatives | (185) | (185) | (185) | |||||
Cash dividends paid: | ||||||||
Common
|
(6,452) | (6,452) | ||||||
Preferred
|
(16) | (16) | ||||||
Common stock issued under employee plans and
related tax benefits
|
121,149 | 4,066 | (127) | 3,939 | ||||
Stock issued in acquisition (2) | 271 | 1,186,728 | 46,480 | 46,751 | ||||
Common stock repurchased | (147,859) | (6,375) | 89 | (6,286) | ||||
Conversion of preferred stock | (54) | 4,240 | 54 | |||||
Other | (18) | 43 | (31) | (6) | (31) | |||
Balance, December 31, 2004 | 271 | 4,046,546 | 44,236 | 58,773 | (2,764) | (281) | 100,235 | 13,617 |
Net income | 16,465 | 16,465 | 16,465 | |||||
Net unrealized losses on available-for-sale debt and
marketable equity securities |
(2,781) | (2,781) | (2,781) | |||||
Net unrealized gains on foreign currency translation
adjustments
|
32 | 32 | 32 | |||||
Net losses on derivatives | (2,059) | (2,059) | (2,059) | |||||
Cash dividends paid: | ||||||||
Common
|
(7,665) | (7,665) | ||||||
Preferred
|
(18) | (18) | ||||||
Common stock issued under employee plans and
related tax benefits
|
79,579 | 3,222 | (145) | 3,077 | ||||
Common stock repurchased | (126,437) | (5,765) | (5,765) | |||||
Other | (3) | 16 | (1) | 12 | 16 | |||
Balance, December 31, 2005 | 271 | 3,999,688 | 41,693 | 67,552 | (7,556) | (427) | 101,533 | 11,673 |
Net income | 21,133 | 21,133 | 21,133 | |||||
Net unrealized gains on available-for-sale debt and
marketable equity securities
|
245 | 245 | 245 | |||||
Net unrealized gains on foreign currency translation
adjustments
|
269 | 269 | 269 | |||||
Net gains on derivatives | 641 | 641 | 641 | |||||
Adjustment to initially apply FASB Statement
No. 158 (3) |
(1,308) | (1,308) | ||||||
Cash dividends paid: | ||||||||
Common
|
(9,639) | (9,639) | ||||||
Preferred
|
(22) | (22) | ||||||
Issuance of preferred stock | 2,850 | 2,850 | ||||||
Redemption of preferred stock | (270) | (270) | ||||||
Common stock issued under employee plans and
related tax benefits
|
118,418 | 4,863 | (39) | 4,824 | ||||
Stock issued in acquisition (4) | 631,145 | 29,377 | 29,377 | |||||
Common stock repurchased | (291,100) | (14,359) | (14,359) | |||||
Other | (2) | (2) | (2) | |||||
Balance, December 31, 2006 |
$ |
4,458,151 |
$ |
$ |
$ |
$ |
$ |
$ |
Footnote (1)
At December 31, 2006, Accumulated Other Comprehensive Income (Loss) (OCI), net of tax, includes Net Gains (Losses) on Derivatives of $(3,697) million, Net Unrealized
Gains (Losses) on Available-for-sale (AFS) Debt and Marketable Equity Securities of $(2,733) million, the accumulated adjustment to apply FASB Statement No. 158 of
$(1,428) million, and Net Unrealized Gains (Losses) on Foreign Currency Translation Adjustments of $147 million. For additional information on Accumulated OCI, see Note
14 of the Consolidated Financial Statements.
Footnote (2)
Includes adjustment for the fair value of outstanding FleetBoston Financial Corporation (FleetBoston) stock options of $862 million.
Footnote (3)
Includes accumulated adjustment to apply FASB Statement No. 158 of $(1,428) million, net of tax, and the reversal of the additional minimum liability adjustment of $120
million, net of tax.
Footnote (4)
Includes adjustment for the fair value of outstanding MBNA Corporation (MBNA) stock options of $435 million.
See accompanying Notes to Consolidated Financial Statements.
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