eTrade 2008 Annual Report Download - page 93

E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
Year Ended December 31,
2008 2007 2006
Net income (loss) $(511,790) $(1,441,754) $628,859
Other comprehensive loss:
Available-for-sale securities:
Unrealized gains (losses), net(1) (18,088) (478,538) 172
Reclassification into earnings, net(2) 35,255 361,569 (80,387)
Net change from available-for-sale securities 17,167 (116,969) (80,215)
Cash flow hedging instruments:
Unrealized gains (losses), net(3) (302,132) (116,101) 36,409
Reclassifications into earnings, net(4) 16,866 11,722 6,578
Net change from cash flow hedging instruments (285,266) (104,379) 42,987
Foreign currency translation gains (losses) (37,476) 31,424 11,468
Reclassification of foreign currency translation gains
associated with the disposition of a subsidiary (22,577) — —
Other comprehensive loss (328,152) (189,924) (25,760)
Comprehensive income (loss) $(839,942) $(1,631,678) $603,099
(1) Amounts are net of benefit from income taxes of $7.4 million, $286.2 million, and $1.2 million for the years ended December 31 2008,
2007, and 2006, respectively.
(2) Amounts are net of benefit from income taxes of $18.4 million, $217.8 million the years ended December 31 2008 and 2007,
respectively, and provision for income taxes of $42.9 million for the year ended December 31, 2006.
(3) Amounts are net of benefit from income taxes of $185.5 million, $68.9 million the years ended December 31 2008 and 2007,
respectively, and provision for income taxes of $22.4 million for the year ended December 31, 2006.
(4) Amounts are net of benefit from income taxes of $9.5 million, $16.8 million, and $3.8 million for the years December 31 ended 2008,
2007, and 2006, respectively.
See accompanying notes to consolidated financial statements
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