MoneyGram 2004 Annual Report Download - page 50

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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31,
2004 2003 2002
(Dollars in thousands)
Net income $ 86,412 $113,902 $ 57,886
Other comprehensive income:
Net unrealized gains on available-for-sale securities:
Reclassification of securities from held-to-maturity to available-for-sale, net of tax expense of $18,133 — 30,222 —
Net holding (losses) gains arising during the period, net of tax expense (benefit) of ($66), ($11,788) and $32,777 (110) (19,647) 54,628
Reclassification adjustment for net realized (losses) gains included in net income, net of tax expense (benefit) of $3,603,
($1,829) and ($3,479) (6,005) 3,048 5,798
(6,115) 13,623 60,426
Net unrealized gains (losses) on derivative financial instruments:
Net holding losses arising during the period, net of tax benefit of $2,437, $25,617 and $108,184 (4,062) (42,695) (180,306)
Reclassifications from other comprehensive income to net income, net of tax benefit of $43,504, $52,069 and $50,175 72,507 86,781 83,624
68,445 44,086 (96,682)
Unrealized foreign currency translation gains, net of tax expense of $1,085, $1,709 and $938 1,807 2,848 1,564
Minimum pension liability adjustment, net of tax benefit of $1,943, $4,940 and $10,180 (3,238) (8,234) (16,967)
Other comprehensive income (loss) 60,899 52,323 (51,659)
Comprehensive income $147,311 $166,225 $ 6,227
See Notes to Consolidated Financial Statements.
F-6