MasterCard 2008 Annual Report Download - page 93
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MASTERCARD INCORPORATED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
For the Years Ended December 31,
2008 2007 2006
(In thousands)
Net Income (Loss) ............................................ $(253,915) $1,085,886 $ 50,190
Other comprehensive income (loss):
Foreign currency translation adjustments ....................... (41,611) 96,996 68,837
Defined benefit pension and postretirement plans ................. (62,681) 12,429 —
Income tax effect .......................................... 23,029 (4,582) —
(39,652) 7,847 —
Investment securities available-for-sale ......................... (51,895) 478,716 (1,786)
Income tax effect .......................................... 18,450 (167,885) 526
(33,445) 310,831 (1,260)
Reclassification adjustment for investment securities
available-for-sale ........................................ (84,060) (374,427) 1,046
Income tax effect .......................................... 29,859 131,311 (308)
(54,201) (243,116) 738
Derivatives accounted for as hedges ........................... — (6,472) (10,562)
Income tax effect .......................................... — 2,200 3,606
— (4,272) (6,956)
Reclassification adjustment for derivatives accounted for as hedges . . — 8,784 7,123
Income tax effect .......................................... — (2,986) (2,432)
— 5,798 4,691
Other comprehensive income (loss), net of tax ....................... (168,909) 174,084 66,050
Comprehensive Income (Loss) .................................. $(422,824) $1,259,970 $116,240
The accompanying notes are an integral part of these consolidated financial statements.
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