EMC 2004 Annual Report Download - page 54

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Table of Contents
EMC CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(in thousands)
For the Year Ended December 31,
2004 2003 2002
Net income (loss) $ 871,189 $ 496,108 $ (118,706)
Other comprehensive income (loss), net of taxes (benefit):
Foreign currency translation adjustments, net of taxes of $4,979, $7,677 and $2,909 (543) 1,068 10,565
Equity adjustment for minimum pension liability, net of taxes (benefit) of $0, $53,880 and $(27,466) – 89,800 (47,606)
Changes in market value of investments, net of taxes (benefit) of $(11,900), $(20,083) and $17,597 (36,545) (35,183) 16,640
Changes in market value of derivatives, net of taxes (benefit) of $0, $0, and $(9) (31) – (80)
Other comprehensive income (loss) (37,119) 55,685 (20,481)
Comprehensive income (loss) $ 834,070 $ 551,793 $ (139,187)
The accompanying notes are an integral part of the consolidated financial statements.
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