EMC 2002 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2002 EMC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

Table of Contents
EMC CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(in thousands)
For the Year Ended December 31,
2002 2001 2000
Net income (loss) $ (118,706) $ (507,712) $ 1,782,075
Other comprehensive income (loss), net of taxes
(benefit):
Foreign currency translation adjustments, net of
taxes (benefit) of $2,909, $1,940 and $(2,053) 10,565 (4,150 ) (4,160 )
Equity adjustment for minimum pension liability,
net of taxes (benefit) of $(27,466), $(26,414) and
$0 (47,606 ) (42,194 ) —
Changes in market value of investments, net of
taxes of $17,597, $4,470 and $12,905 16,640 16,142 37,020
Changes in market value of derivatives, net of
taxes (benefit) of $(9), $1,117 and $(1,512) (80 ) 3,077 (4,209 )
Other comprehensive income (loss) (20,481) (27,125) 28,651
Comprehensive income (loss) $ (139,187) $ (534,837) $ 1,810,726
The accompanying notes are an integral part of the consolidated financial statements.
43