|
Consolidated Statement of Changes in Shareholders’ Equity
Bank of America Corporation and Subsidiaries
|
| (Dollars in millions, shares in thousands) |
|
Preferred
Stock
|
|
Common Stock
and Additional
Paid-in Capital
|
|
Retained
Earnings
|
|
Accumulated
Other
Comprehensive
Income
|
| Other
|
| Total
Share- holders’
Equity
|
| Compre- hensive
Income
|
|
|
Shares
|
|
Amount
|
|
| Balance, December 31, 2002
(As previously reported) |
|
$ |
58 |
| 3,001,382 |
| $ |
496 |
| $ |
48,517 |
| $ |
1,232 |
| $ |
16 |
| $ |
50,319 |
|
Restatement adjustments (3) |
| 1,011 |
| (131) |
| 880 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance, December 31, 2002 (Restated) |
| 58 |
| 3,001,382 |
| 496 |
| 49,528 |
| 1,101 |
| 16 |
| 51,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
| 10,762 |
| 10,762 |
| $ |
10,762 |
|
| Net unrealized losses on available-for-sale debt and marketable equity securities |
| (564) |
| (564) |
| (564) |
|
| Net unrealized gains on foreign currency translation adjustments |
| 2 |
| 2 |
| 2 |
|
| Net losses on derivatives |
| (2,959) |
| (2,959) |
| (2,959) |
|
| Cash dividends paid: |
|
| Common |
| (4,277) |
| (4,277) |
|
| Preferred |
| (4) |
| (4) |
|
| Common stock issued under employee plans and related tax benefits |
| 139,298 |
| 4,372 |
| (123) |
| 4,249 |
|
| Common stock repurchased |
| (258,686) |
| (4,936) |
| (4,830) |
| (9,766) |
|
| Conversion of preferred stock |
| (4) |
| 294 |
| 4 |
|
| Other |
| 93 |
| (17) |
| (14) |
| (47) |
| 15 |
| (14) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance, December 31, 2003 (Restated) |
| 54 |
| 2,882,288 |
| 29 |
| 51,162 |
| (2,434) |
| (154) |
| 48,657 |
| 7,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
| 13,947 |
| 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 (4) |
| 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 (Restated) |
| 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Footnote (1) |
|
At December 31, 2005, 2004 and 2003, Accumulated Other Comprehensive Income (Loss) includes Net Unrealized Gains (Losses) on Available-for-sale (AFS) Debt and Marketable Equity
Securities of $(2,978) million, $(197) million and $(70) million, respectively; Net Unrealized Gains (Losses) on Foreign Currency Translation Adjustments of $(122) million, $(155) million and $(168) million, respectively; Net Gains (Losses) on
Derivatives of $(4,338) million, $(2,279) million and $(2,094) million, respectively; and Other of $(118) million, $(133) million and $(102) million, respectively. |
| Footnote (2) |
|
For additional information on Accumulated OCI, see Note 14 of the Consolidated Financial Statements. |
| Footnote (3) |
|
For additional information on the restatement adjustments, see Note 1 of the Consolidated Financial Statements. |
| Footnote (4) |
|
Includes adjustment for the fair value of outstanding FleetBoston Financial Corporation (FleetBoston) stock options of $862 million. |
See accompanying Notes to Consolidated Financial Statements.
|
