Capital One 2007 Annual Report Download - page 117

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95
In addition to the $1.5 billion ASR, the Company repurchased $1.5 billion of shares in open market repurchases during the year ended
December 31, 2007. The impact of the share repurchases, including the ASR, on basic and diluted EPS for the year ended
December 31, 2007 was $0.21 and $0.20, respectively. The impact on basic and diluted EPS from continuing operations for the year
ended December 31, 2007 was $0.34 and $0.33, respectively.
Additional share repurchase information is included in Part 2, Item 7. Section V, Management Summary, 2007 Significant Events and
Part 2, Item 5. Market for Companys Common Equity and Related Stockholder Matters.
Note 17
Cumulative Other Comprehensive Income
The following table presents the cumulative balances of the components of other comprehensive income, net of deferred tax of $68.3
million, $67.0 million and $22.2 million as of December 31, 2007, 2006 and 2005, respectively:
As of December 31 2007 2006 2005
Unrealized gains (losses) on securities $ 9,279 $ (47,134) $ (71,253)
Net unrecognized elements of defined benefit plans 32,846 3,439
Foreign currency translation adjustments 375,258 291,759 45,693
Unrealized (losses) gains on cash flow hedging instruments (102,135) 18,116 31,689
Total cumulative other comprehensive income $ 315,248 $ 266,180 $ 6,129
During 2007, 2006 and 2005, the Company reclassified $34.7 million, $10.1 million and $32.2 million, respectively of net gains, after
tax, on derivative instruments from cumulative other comprehensive income into earnings.
During 2007, 2006 and 2005, the Company reclassified $28.3 million, $(81.9) million and $(3.0) million, respectively of net gains
(losses) on sales of securities, after tax, from cumulative other comprehensive income into earnings.
Note 18
Goodwill and Other Intangible Assets
The following table provides a summary of goodwill.
Total Company
National
Lending Local
Banking Other
Discontinued
Operations Total
Balance at December 31, 2005 $ 718,065 $  $ 3,188,334 $  $ 3,906,399
Transfers 1,545,993 1,642,341 (3,188,334)
Additions 9,732,627 9,732,627
Adjustments 3,795 (18,413) (14,618)
Foreign currency translation 11,027 11,027
Balance at December 31, 2006 $ 2,278,880 $ 1,623,928 $ 9,732,627 $  $ 13,635,435
Transfers 3,954,025 5,128,602 (9,732,627) 650,000
Adjustments (148,339) (148,339)
Disposals (9,151) (650,000) (659,151)
Foreign currency translation 2,795 2,795
Balance at December 31, 2007 $ 6,235,700 $ 6,595,040 $  $  $ 12,830,740
Total Company U.S. Card
Auto
Finance
Global
Financial
Services
National
Lending
Total
Balance at December 31, 2005 $ $ 328,192 $ 389,873 $ 718,065
Transfers 762,284 431,661 352,048 1,545,993
Adjustments 3,795 3,795
Foreign currency translation 11,027 11,027
Balance at December 31, 2006 $ 762 284 $ 763,648 $ 752,948 $ 2,278,880
Transfers 2,242,896 666,740 1,044,389 3,954,025
Foreign currency translation 2,795 2,795
Balance at December 31, 2007 $ 3,005,180 $ 1,430,388 $ 1,800,132 $ 6,235,700