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Printable version of the 2005 Summary Annual Report and Form 10-K
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2005 Summary Annual Report: Form 10-K: Note 23 - Consolidated Statement of Changes in Shareholders’ Equity

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Note 23

Restatement of Quarterly Financial Statements (unaudited)


Consolidated Statement of Changes in Shareholders’ Equity, As Previously Reported

For the Three, Six and Nine Months in 2005


(Dollars in millions, shares in thousands)     
 Preferred
Stock
 Common Stock and Additional Paid-in Capital
 Retained
Earnings
 Accumulated Other Comprehensive Income (Loss)(1)
 Other
 Total Shareholders’
Equity
 Comprehensive Income
Shares
 Amount
Balance, December 31, 2004
$ 271 4,046,546 $ 44,236 $ 58,006 $ (2,587) $ (281) $ 99,645
Net income
4,695 4,695 $ 4,695
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
(1,541) (1,541) (1,541)
Net unrealized gains (losses) on foreign currency translation adjustments
(5) (5) (5)
Net gains (losses) on derivatives
(1,426) (1,426) (1,426)
Cash dividends paid:
Common
(1,830) (1,830)
Preferred
(5) (5)
Common stock issued under employee plans and related tax benefits
31,987 1,343 (344) 999
Common stock repurchased
(43,214) (1,990) (1,990)
Other
(23) (23)
Balance, March 31, 2005
 $ 271 4,035,319 $ 43,589 $ 60,843 $ (5,559) $ (625) $ 98,519 $ 1,723
Balance, December 31, 2004
 $ 271 4,046,546 $ 44,236 $ 58,006 $ (2,587) $ (281) $ 99,645
Net income
8,991 8,991 $ 8,991
Net unrealized gains (losses) on available- for-sale debt and marketable equity securities
584 584 584
Net unrealized gains (losses) on foreign currency translation adjustments
30 30 30
Net gains (losses) on derivatives
(3,019) (3,019) (3,019)
Cash dividends paid:
Common
(3,640) (3,640)
Preferred
(9) (9)
Common stock issued under employee plans and related tax benefits
53,672 2,090 (292) 1,798
Common stock repurchased
(83,514) (3,819) (3,819)
Other
(20) (1) (21)
Balance, June 30, 2005
 $ 271 4,016,704 $ 42,507 $ 63,328 $ (4,992) $ (574) $ 100,540 $ 6,586
Balance, December 31, 2004
 $ 271 4,046,546 $ 44,236 $ 58,006 $ (2,587) $ (281) $ 99,645
Net income
 13,118 13,118 $ 13,118
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
(1,711) (1,711) (1,711)
Net unrealized gains (losses) on foreign currency translation adjustments
26 26 26
Net gains (losses) on derivatives
(2,237) (2,237) (2,237)
Cash dividends paid:
Common
(5,658) (5,658)
Preferred
(14) (14)
Common stock issued under employee plans and related tax benefits
60,704 2,593 (211) 2,382
Common stock repurchased
(94,187) (4,281) (4,281)
Other
(13) 1 (12)
Balance, September 30, 2005
 $ 271 4,013,063 $ 42,548 $ 65,439 $ (6,509) $ (491) $ 101,258 $ 9,196
(1) At September 30, 2005, June 30, 2005, and March 31, 2005, Accumulated Other Comprehensive Income (Loss) includes Net Unrealized Gains (Losses) on AFS Debt and Marketable Equity Securities of $(1,908) million, $387 million and $(1,738) million, respectively; Net Unrealized Losses on Foreign Currency Translation Adjustments of $(129) million, $(125) million and $(160) million, respectively; Net Unrealized Gains (Losses) on Derivatives of $(4,338) million, $(5,120) million, and $(3,527) million, respectively; and Other of $(134) million, $(134) million and $(134) million, respectively.



Consolidated Statement of Changes in Shareholders’ Equity, As Restated

For the Three, Six and Nine Months in 2005


(Dollars in millions, shares in thousands)
 Preferred
Stock
 Common Stock and Additional Paid-in Capital
 Retained
Earnings
 Accumulated Other Comprehensive Income (Loss)(1)
 Other
 Total Shareholders’ Equity
 Comprehensive
Income
Shares
 Amount
Balance, December 31, 2004
 $ 271 4,046,546 $ 44,236 $ 58,773 $ (2,764) $ (281) $ 100,235
Net income
 4,393 4,393 $ 4,393
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
(1,541) (1,541) (1,541)
Net unrealized gains (losses) on foreign currency translation adjustments
(5) (5) (5)
Net gains (losses) on derivatives
(1,306) (1,306) (1,306)
Cash dividends paid:
Common
 (1,830) (1,830)
Preferred
 (5) (5)
Common stock issued under employee plans and related tax benefits
 31,987 1,343 (344) 999
Common stock repurchased
(43,214) (1,990) (1,990)
Other
(22) (1) (23) (1)
Balance, March 31, 2005
$ 271 4,035,319 $ 43,589 $ 61,309 $ (5,617) $ (625) $ 98,927 $ 1,540
Balance, December 31, 2004
 $ 271 4,046,546 $ 44,236 $ 58,773 $ (2,764) $ (281) $ 100,235
Net income
 9,050 9,050 $ 9,050
Net unrealized gains (losses) on available- for-sale debt and marketable equity securities
584 584 584
Net unrealized gains (losses) on foreign currency translation adjustments
30 30 30
Net gains (losses) on derivatives
(2,873) (2,873) (2,873)
Cash dividends paid:
Common
 (3,640) (3,640)
Preferred
 (9) (9)
Common stock issued under employee plans and related tax benefits
 53,672 2,090 (292) 1,798
Common stock repurchased
(83,514) (3,819) (3,819)
Other
(20) (1) (21)
Balance, June 30, 2005
$ 271 4,016,704 $ 42,507 $ 64,154 $ (5,023) $ (574) $ 101,335 $ 6,791
Balance, December 31, 2004
 $ 271 4,046,546 $ 44,236 $ 58,773 $ (2,764) $ (281) $ 100,235
Net income
 12,891 12,891 $ 12,891
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
(1,711) (1,711) (1,711)
Net unrealized gains (losses) on foreign currency translation adjustments
26 26 26
Net gains (losses) on derivatives
(2,130) (2,130) (2,130)
Cash dividends paid:
Common
 (5,658) (5,658)
Preferred
 (14) (14)
Common stock issued under employee plans and related tax benefits
 60,704 2,593 (211) 2,382
Common stock repurchased
(94,187) (4,281) (4,281)
Other
(12) (1) 1 (12) (1)
Balance, September 30, 2005
$ 271 4,013,063 $ 42,548 $ 65,980 $ (6,580) $ (491) $ 101,728 $ 9,075
(1) At September 30, 2005, June 30, 2005, and March 31, 2005, Accumulated Other Comprehensive Income (Loss) includes Net Unrealized Gains (Losses) on AFS Debt and Marketable Equity Securities of $(1,908) million, $387 million and $(1,738) million, respectively; Net Unrealized Losses on Foreign Currency Translation Adjustments of $(129) million, $(125) million and $(160) million, respectively; Net Unrealized Gains (Losses) on Derivatives of $(4,409) million, $(5,152) million, and $(3,585) million, respectively; and Other of $(134) million, $(134) million and $(134) million, respectively.


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