eTrade 2008 Annual Report Download - page 139
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The components of income tax expense (benefit) from continuing operations are as follows (dollars in
thousands)
Year Ended December 31,
2008 2007 2006
Current:
Federal $ (8,773) $(316,799) $218,526
Foreign 2,379 4,628 (5,331)
State (2,383) 7,904 10,142
Tax benefit recognized for FIN 48 uncertainties (14,000) (3,327) —
Total current (22,777) (307,594) 223,337
Deferred:
Federal (404,217) (422,218) 82,433
Foreign 1,233 1,560 (5,605)
State (43,774) (4,697) 5,224
Total deferred (446,758) (425,355) 82,052
Income tax expense (benefit) $(469,535) $(732,949) $305,389
The components of income (loss) before income tax expense (benefit) and discontinued operations are as
follows (dollars in thousands):
Years Ended December 31,
2008 2007 2006
Domestic $(1,274,987) $(2,178,430) $917,891
Foreign (3,932) 3,144 14,429
Income (loss) before income tax expense (benefit)
and discontinued operations $(1,278,919) $(2,175,286) $932,320
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