Sallie Mae 2015 Annual Report Download - page 96
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F-6
SLM CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
Years Ended December 31,
2015 2014 2013
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 274,284 $ 193,785 $ 257,593
Other comprehensive income (loss):
Unrealized gains (losses) on investments:
Unrealized (losses) gains on investments . . . . . . . . . . . . . . (2,205) 6,066 35,802
Reclassification adjustments for (gain) on sale of
available-for-sale securities included in other income . . . . — — (63,813)
Total unrealized (losses) gains on investments . . . . . . . . . . (2,205) 6,066 (28,011)
Unrealized losses on cash flow hedges . . . . . . . . . . . . . . . . . (5,224) (19,772) —
Total unrealized (losses) gains . . . . . . . . . . . . . . . . . . . . . . . . . (7,429) (13,706) (28,011)
Income tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,763 5,337 10,639
Other comprehensive loss, net of tax benefit . . . . . . . . . . . . . . (4,666) (8,369) (17,372)
Comprehensive income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 269,618 185,416 240,221
Less: comprehensive loss attributable to noncontrolling
interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (434) (1,352)
Total comprehensive income attributable to SLM Corporation $ 269,618 $ 185,850 $ 241,573
See accompanying notes to consolidated financial statements.