Sallie Mae 2013 Annual Report Download - page 145
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SLM CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions)
Years Ended December 31,
2013 2012 2011
Net income .................................................................... $1,417 $937 $632
Other comprehensive income (loss):
Unrealized gains (losses) on derivatives:
Unrealized hedging gains (losses) on derivatives ................................... 27 (11) (6)
Reclassification adjustments for derivative losses included in net income (interest
expense) ................................................................. 9 25 55
Total unrealized gains (losses) on derivatives ...................................... 36 14 49
Unrealized gains (losses) on investments ........................................... (6) (1) 2
Defined benefit pension plans adjustment .......................................... — — (3)
Income tax expense ........................................................... (11) (5) (17)
Other comprehensive income, net of tax .............................................. 19 8 31
Comprehensive income ........................................................... 1,436 945 663
Less: comprehensive loss attributable to noncontrolling interest ........................... (1) (2) (1)
Total comprehensive income attributable to SLM Corporation ............................ $1,437 $947 $664
See accompanying notes to consolidated financial statements.
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