Stockholders' Equity

3 Months Ended

Jun. 30, 2013

Stockholders' Equity [Abstract]

Stockholders' Equity

13. Stockholders' Equity

     The following is a summary of our stockholders' equity capital accounts as of the dates indicated:

	June 30, 2013	December 31, 2012
Preferred Stock:
Authorized shares	50,000,000	50,000,000
Issued shares	26,224,854	26,224,854
Outstanding shares	26,224,854	26,224,854
Common Stock, $1.00 par value:
Authorized shares	400,000,000	400,000,000
Issued shares	285,693,210	260,780,109
Outstanding shares	285,232,381	260,373,754

Preferred Stock. The following is a summary of our preferred stock activity during the periods indicated:

	Six Months Ended
	June 30, 2013		June 30, 2012
		Weighted Avg.		Weighted Avg.
	Shares	Dividend Rate	Shares	Dividend Rate
Beginning balance	26,224,854	6.493%	25,724,854	7.013%
Shares issued	-	0.000%	11,500,000	6.500%
Shares redeemed	-	0.000%	(11,000,000)	7.716%
Ending balance	26,224,854	6.493%	26,224,854	6.493%

Common Stock. The following is a summary of our common stock issuances during the six months ended June 30, 2013 and 2012 (dollars in thousands, except per share amounts):

	Shares Issued		Average Price		Gross Proceeds		Net Proceeds
February 2012 public issuance	20,700,000	$	53.50	$	1,107,450	$	1,062,256
2012 Dividend reinvestment plan issuances	993,634		54.34		53,991		53,991
2012 Option exercises	104,574		38.42		4,018		4,018
2012 Senior note conversions	405,252				0		0
2012 Totals	22,203,460			$	1,165,459	$	1,120,265
May 2013 public issuance	23,000,000	$	73.50	$	1,690,500	$	1,630,636
2013 Dividend reinvestment plan issuances	1,370,661		66.87		91,651		91,651
2013 Option exercises	186,404		42.64		7,948		7,948
2013 Senior note conversions	18				0		0
2013 Totals	24,557,083			$	1,790,099	$	1,730,235

Dividends. The increase in dividends is primarily attributable to increases in our common shares outstanding as described above. Please refer to Note 18 for information related to federal income tax of dividends. The following is a summary of our dividend payments (in thousands, except per share amounts):

	Six Months Ended
	June 30, 2013				June 30, 2012
	Per Share		Amount		Per Share		Amount
Common Stock	$	1.5300	$	399,815	$	1.4800	$	301,503
Series D Preferred Stock		-		0		0.9844		2,013
Series F Preferred Stock		-		0		0.9532		3,410
Series H Preferred Stock		1.4292		500		1.4292		500
Series I Preferred Stock		1.6250		23,359		1.6250		23,359
Series J Preferred Stock		0.8126		9,344		0.5778		6,644
Totals			$	433,018			$	337,429

Accumulated Other Comprehensive Income. The following is a summary of accumulated other comprehensive income(loss) for the periods presented (in thousands):

		Unrecognized gains (losses) related to:
		Foreign Currency Translation		Equity Investments		Actuarial losses		Cash Flow Hedges		Total
Balance at December 31, 2012	$	(881)	$	(216)	$	(2,974)	$	(6,957)	$	(11,028)
Other comprehensive income before reclassification adjustments		(39,003)		(86)		0		(8)		(39,097)
Reclassification amount to net income		0		0		0		951(1)		951
Net current-period other comprehensive income		(39,003)		(86)		0		943		(38,146)
Balance at June 30, 2013	$	(39,884)	$	(302)	$	(2,974)	$	(6,014)	$	(49,174)
Balance at December 31, 2011	$	0	$	(619)	$	(2,748)	$	(8,561)	$	(11,928)
Other comprehensive income before reclassification adjustments		(2,348)		(38)		0		1,545		(841)
Reclassification amount to net income		0		0		0		(821)(1)		(821)
Net current-period other comprehensive income		(2,348)		(38)		0		724		(1,662)
Balance at June 30, 2012	$	(2,348)	$	(657)	$	(2,748)	$	(7,837)	$	(13,590)
(1) Please see Note 11 for additional information.