Sallie Mae 2014 Annual Report Download - page 91

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SLM CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(In thousands)
Navient's
Subsidiary
Investment
Accumulated
Other
Comprehensive
Income (Loss)
Total SLM
Corporation
Equity
Non-
controlling
Interest
Total Equity
Balance at December 31, 2011 .....
$
1,235,318
$
622
$
1,235,940
$
7,918
$
1,243,858
Net income (loss) .........................
217,620
—
217,620
(1,894
)
215,726
Other comprehensive income, net
of tax ..........................................
—
13,726
13,726
—
13,726
Total comprehensive income
(loss) ..........................................
231,346
(1,894
)
229,452
Net transfers to affiliate ................
(384,010
)
—
(384,010
)
—
(384,010
)
Balance at December 31, 2012 .....
$
1,068,928
$
14,348
$
1,083,276
$
6,024
$
1,089,300
Balance at December 31, 2012 .....
$
1,068,928
$
14,348
$
1,083,276
$
6,024
$
1,089,300
Net income (loss) .........................
258,945
—
258,945
(1,352
)
257,593
Other comprehensive loss, net of
tax ..............................................
—
(17,372
)
(17,372
)
—
(17,372
)
Total comprehensive income
(loss) ..........................................
241,573
(1,352
)
240,221
Net transfers to affiliate ................
(163,378
)
—
(163,378
)
—
(163,378
)
Balance at December 31, 2013 .....
$
1,164,495
$
(3,024
)
$
1,161,471
$
4,672
$
1,166,143
See accompanying notes to consolidated financial statements.
F-7