eTrade 2012 Annual Report Download - page 108
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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
Year Ended December 31,
2012 2011 2010
Net income (loss) $(112,583) $ 156,701 $(28,472)
Other comprehensive income (loss)
Available-for-sale securities:
OTTI, net(1) 12,285 5,709 25,662
Noncredit portion of OTTI reclassification (into) out of other
comprehensive income (loss), net(2) (1,843) 3,589 (2,320)
Unrealized gains, net(3) 186,348 268,405 74,826
Reclassification into earnings, net(4) (128,148) (78,060) (98,408)
Net change from available-for-sale securities 68,642 199,643 (240)
Cash flow hedging instruments:
Unrealized losses, net(5) (72,119) (216,302) (77,724)
Reclassification into earnings, net(6) 77,731 66,847 47,774
Net change from cash flow hedging instruments 5,612 (149,455) (29,950)
Foreign currency translation gains (losses), net 2,447 1,823 (4,320)
Other comprehensive income (loss) 76,701 52,011 (34,510)
Comprehensive income (loss) $ (35,882) $ 208,712 $(62,982)
(1) Amounts are net of benefit from income taxes of $7.5 million, $3.5 million and $15.8 million for the years ended December 31, 2012,
2011 and 2010, respectively.
(2) Amounts are net of benefit from income taxes of $1.0 million, $2.1 million and $1.5 million for the years ended December 31, 2012,
2011 and 2010, respectively.
(3) Amounts are net of provision for income taxes of $111.6 million, $161.0 million and $48.7 million for the years ended December 31,
2012, 2011 and 2010, respectively.
(4) Amounts are net of provision for income taxes of $78.9 million, $46.3 million and $60.2 million for the years ended December 31, 2012,
2011 and 2010, respectively.
(5) Amounts are net of benefit from income taxes of $41.4 million, $133.9 million and $40.2 million for years ended December 31, 2012,
2011 and 2010, respectively.
(6) Amounts are net of benefit from income taxes of $51.9 million, $43.3 million and $26.4 million for the years ended December 31, 2012,
2011 and 2010, respectively.
See accompanying notes to the consolidated financial statements
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