Western Union 2012 Annual Report Download - page 90
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85
THE WESTERN UNION COMPANY
Consolidated Statements of Comprehensive Income
(in millions)
Year Ended December 31,
2012 2011 2010
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,025.9 $ 1,165.4 $ 909.9
Other comprehensive income/(loss):
Unrealized gains/(losses) on investment securities:
Unrealized gains/(losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.9 9.7 (0.5)
Tax (expense)/benefit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.7)(3.6) 0.1
Reclassification of gains into earnings. . . . . . . . . . . . . . . . . . . . . . . . (5.5)(6.9)(4.7)
Tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.1 2.6 1.8
Net unrealized gains/(losses) on investment securities . . . . . . . 2.8 1.8 (3.3)
Unrealized gains/(losses) on hedging activities:
Unrealized gains/(losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20.1)(5.2) 15.8
Tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.1 5.6 0.7
Reclassification of (gains)/losses into earnings . . . . . . . . . . . . . . . . . (9.8) 33.0 (23.0)
Tax expense/(benefit). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.2)(6.4) 1.6
Net unrealized gains/(losses) on hedging activities. . . . . . . . . . (27.0) 27.0 (4.9)
Foreign currency translation adjustments:
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . (4.6)(3.7) 8.4
Tax (expense)/benefit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.4 1.7 (1.8)
Net foreign currency translation adjustments . . . . . . . . . . . . . . (2.2)(2.0) 6.6
Defined benefit pension plan:
Unrealized losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20.5)(28.4)(13.7)
Tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.2 10.9 5.9
Reclassification of losses into earnings . . . . . . . . . . . . . . . . . . . . . . . 10.5 8.1 6.2
Tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3.9)(3.1)(2.3)
Net defined benefit pension plan adjustments . . . . . . . . . . . . . . (7.7)(12.5)(3.9)
Total other comprehensive income/(loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . (34.1) 14.3 (5.5)
Comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 991.8 $ 1,179.7 $ 904.4
See Notes to Consolidated Financial Statements.