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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 2004



(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, 2003
 $ 54 2,882,288 $ 29 $ 50,198 $ (2,148) $ (153) $ 47,980
Net income
 2,681 2,681 $ 2,681
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
 661 661 661
Net unrealized gains (losses) on foreign currency translation adjustments
 3 3 3
Net gains (losses) on derivatives
 (1,259) (1,259) (1,259)
Cash dividends paid:
Common
 (1,158) (1,158)
Preferred
 (1) (1)
Common stock issued under employee plans and related tax benefits
 32,892 1,060 (218) 842
Common stock repurchased
 (24,306) (1,061) 88 (973)
Conversion of preferred stock
 (1) 100 1
Balance, March 31, 2004
 $ 53 2,890,974 $ 29 $ 51,808 $ (2,743) $ (371) $ 48,776 $ 2,086
Balance, December 31, 2003
 $ 54 2,882,288 $ 29 $ 50,198 $ (2,148) $ (153) $ 47,980
Net income
 6,530 6,530 $ 6,530
Net unrealized gains (losses) on available- for-sale debt and marketable equity securities
 (2,025) (2,025) (2,025)
Net unrealized gains (losses) on foreign currency translation adjustments
 (18) (18) (18)
Net gains (losses) on derivatives
 329 329 329
Cash dividends paid:
Common
 (2,796) (2,796)
Preferred
 (6) (6)
Common stock issued under employee plans and related tax benefits
 66,804 2,280 (183) 2,097
Stock issued in acquisition
 271 1,186,728 46,480 46,751
Common stock repurchased
 (73,366) (3,076) 88 (2,988)
Conversion of preferred stock
 (3) 202 1 (2)
Other
 (45) 16 (2) (31)
Balance, June 30, 2004
 $ 322 4,062,656 $ 45,669 $ 54,030 $ (3,862) $ (338) $ 95,821 $ 4,816
Balance, December 31, 2003
 $ 54 2,882,288 $ 29 $ 50,198 $ (2,148) $ (153) $ 47,980
Net income
 10,294 10,294 $ 10,294
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
 (390) (390) (390)
Net unrealized gains (losses) on foreign currency translation adjustments
 (9) (9) (9)
Net gains (losses) on derivatives
 (122) (122) (122)
Cash dividends paid:
Common
 (4,629) (4,629)
Preferred
 (11) (11)
Common stock issued under employee plans and related tax benefits
 89,603 3,037 (172) 2,865
Stocks issued in acquisition
 271 1,186,728 46,480 46,751
Common stock repurchased
 (113,796) (4,837) 88 (4,749)
Conversion of preferred stock
 (54) 4,240 54 —
Other
 (7) 39
(1) 31
Balance, September 30, 2004
 $ 271 4,049,063 $ 44,756 $ 55,979 $ (2,669) $ (326) $ 98,011 $ 9,773
(1) At September 30, 2004, June 30, 2004, and March 31, 2004, Accumulated Other Comprehensive Income (Loss) includes Net Unrealized Gains (Losses) on AFS Debt and Marketable Equity Securities of $(460) million, $(2,095) million and $591 million, respectively; Net Unrealized Losses on Foreign Currency Translation Adjustments of $(175) million, $(184) million and $(163) million, respectively; Net Unrealized Gains (Losses) on Derivatives of $(1,930) million, $(1,479) million, and $(3,067) million, respectively; and Other of $(104) million, $(104) million and $(104) million, respectively.



Consolidated Statement of Changes in Shareholders’ Equity, As Restated

For the Three, Six and Nine Months in 2004


(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, 2003
 $ 54 2,882,288 $ 29 $ 51,162 $ (2,434) $ (154) $ 48,657
Net income
2,648 2,648 $ 2,648
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
 661 661 661
Net unrealized gains (losses) on foreign currency translation adjustments
3 3 3
Net gains (losses) on derivatives
 (812) (812) (812)
Cash dividends paid:
Common
(1,158) (1,158)
Preferred
(1) (1)
Common stock issued under employee plans and related tax benefits
32,892 1,060 (218) 842
Common stock repurchased
(24,306) (1,061) 88 (973)
Conversion of preferred stock
(1) 100 1 —
Other
(1) — 1 —
Balance, March 31, 2004
 $ 53 2,890,974 $ 29 $ 52,738 $ (2,582) $ (371) $ 49,867 $ 2,500
Balance, December 31, 2003
 $ 54 2,882,288 $ 29 $ 51,162 $ (2,434) $ (154) $ 48,657
Net income
5,989 5,989 $ 5,989
Net unrealized gains (losses) on available- for-sale debt and marketable equity securities
 (2,025) (2,025) (2,025)
Net unrealized gains (losses) on foreign currency translation adjustments
(18) (18) (18)
Net gains (losses) on derivatives
 335 335 335
Cash dividends paid:
Common
(2,796) (2,796)
Preferred
(6) (6)
Common stock issued under employee plans and related tax benefits
66,804 2,280 (183) 2,097
Stocks issued in acquisition
271 1,186,728 46,480 46,751
Common stock repurchased
(73,366) (3,076) 88 (2,988)
Conversion of preferred stock
(3) 202 1 (2)
Other
 (45) 15 — (1) (31)
Balance, June 30, 2004
 $ 322 4,062,656 $ 45,669 $ 54,452 $ (4,142) $ (338) $ 95,963 $ 4,281
Balance, December 31, 2003
 $ 54 2,882,288 $ 29 $ 51,162 $ (2,434) $ (154) $ 48,657
Net income
10,092 10,092 $ 10,092
Net unrealized gains (losses) on available-for-sale debt and marketable equity securities
 (390) (390) (390)
Net unrealized gains (losses) on foreign currency translation adjustments
(9) (9) (9)
Net gains (losses) on derivatives
 27 27 27
Cash dividends paid:
Common
(4,629) (4,629)
Preferred
(11) (11)
Common stock issued under employee plans and related tax benefits
89,603 3,037 (172) 2,865
Stocks issued in acquisition
271 1,186,728 46,480 46,751
Common stock repurchased
(113,796) (4,837) 88 (4,749)
Conversion of preferred stock
(54) 4,240 54 —
Other
(7) 37 — — 30
Balance, September 30, 2004
 $ 271 4,049,063 $ 44,756 $ 56,739 $ (2,806) $ (326) $ 98,634 $ 9,720
(1) At September 30, 2004, June 30, 2004, and March 31, 2004, Accumulated Other Comprehensive Income (Loss) includes Net Unrealized Gains (Losses) on AFS Debt and Marketable Equity Securities of $(460) million, $(2,095) million and $591 million, respectively; Net Unrealized Losses on Foreign Currency Translation Adjustments of $(175) million, $(184) million and $(163) million, respectively; Net Unrealized Gains (Losses) on Derivatives of $(2,067) million, $(1,759) million, and $(2,906) million, respectively; and Other of $(104) million, $(104) million and $(104) million, respectively.


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