MoneyGram 2005 Annual Report Download - page 61

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Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended December 31,
2005 2004 2003
(Dollars in thousands)
Net income $112,946 $ 86,412 $113,902
Other comprehensive income:
Net unrealized (losses) 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) arising during the period, net of tax (benefit) of ($38,710), ($66) and ($11,788) (63,159) (110) (19,647)
Reclassification adjustment for net realized gains (losses) included in net income, net of tax expense (benefit) of $1,409,
($3,603) and $1,829 2,299 (6,005) 3,048
(60,860) (6,115) 13,623
Net unrealized gains on derivative financial instruments:
Net holding gains (losses) arising during the period, net of tax expense (benefit) of $47,488, $84,541 and ($25,617) 77,481 140,902 (42,695)
Reclassifications from other comprehensive income to net income, net of tax (benefit) expense of ($15,815), ($43,475) and
$52,069 (25,803) (72,457) 86,781
51,678 68,445 44,086
Unrealized foreign currency translation (losses) gains, net of tax (benefit) expense of ($2,530), $1,085 and $1,709 (4,127) 1,807 2,848
Minimum pension liability adjustment, net of tax (benefit) of ($342), ($1,943) and ($4,940) (557) (3,238) (8,234)
Other comprehensive income (loss) (13,866) 60,899 52,323
Comprehensive income $ 99,080 $147,311 $166,225
See Notes to Consolidated Financial Statements.
F-7