Amazon.com 2005 Annual Report Download - page 83

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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Common Stock Available for Future Issuance
At December 31, 2005, common stock available for future issuance is as follows (in millions):
Stock awards .......................................................... 110
Shares issuable upon conversion of 4.75% Convertible Subordinated Notes ........ 11
Shares issuable upon conversion of 6.875% PEACS ........................... 6
127
Note 7—OTHER COMPREHENSIVE INCOME
The changes in the components of other comprehensive income (loss) were as follows (in millions):
Year Ended December 31,
2005 2004 2003
(in millions)
Net income ........................................................ $359 $588 $ 35
Foreign currency translation gains (losses) ........................... (15) (1) 15
Unrealized gains (losses) on available-for-sale securities:
Unrealized gains (losses) arising during the year, net of tax effect of $(7)
in 2005 and $(5) in 2004 ...................................... (14) 11 17
Less reclassification of net realized (gains) losses included in net income,
net of tax effect of $10 in 2004 ................................. — (22) (15)
Net unrealized gains (losses) on available-for-sale securities ........... (14) (11) 2
Net activity of terminated Euro Currency Swap:
Remeasurement of Euro Currency Swap to fair value ................. — — 15
Reclassification of (gains) losses to offset currency losses and gains on
hedged portion of 6.875% PEACS included in net income ........... — — (5)
Amortization of net unrealized losses on terminated Euro Currency Swap,
net of tax effect of $2 in 2005 and $(4) in 2004 (1) ................... 3 6 1
Net activity of terminated Euro Currency Swap ...................... 3 6 11
Other comprehensive income (loss) ............................. (26) (6) 28
Comprehensive income ..................................... $333 $582 $ 63
(1) Includes $2 million recognized in “Remeasurements and other” related to our €200 million redemption of
6.875% PEACS in the first quarter of 2005.
Accumulated balances within other comprehensive income were as follows (in millions):
December 31,
2005 2004
(in millions)
Net unrealized gains on foreign currency translation ................................. $15 $30
Net unrealized gains (losses) on available-for-sale securities, net of tax .................. (5) 9
Net unrealized losses on terminated Euro Currency Swap, net of tax .................... (4) (7)
Total accumulated other comprehensive income .............................. $ 6 $32
75