eTrade 2009 Annual Report Download - page 102
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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS
(In thousands)
Year Ended December 31,
2009 2008 2007
Net loss $(1,297,762) $(511,790) $(1,441,754)
Other comprehensive income (loss):
Available-for-sale securities:
OTTI, net(1) 133,179 — —
Noncredit portion of OTTI reclassification out of (into) other
comprehensive loss, net(2) (91,246) — —
Unrealized gains (losses), net(3) 160,398 (18,088) (478,538)
Reclassification into earnings, net(4) (94,743) 35,255 361,569
Net change from available-for-sale securities 107,588 17,167 (116,969)
Cash flow hedging instruments:
Unrealized gains (losses), net(5) 101,886 (302,132) (116,101)
Reclassifications into earnings, net(6) 37,055 16,866 11,722
Net change from cash flow hedging instruments 138,941 (285,266) (104,379)
Foreign currency translation gains (losses) 2,158 (37,476) 31,424
Reclassification of foreign currency translation gains associated
with the disposition of a subsidiary — (22,577) —
Other comprehensive income (loss) 248,687 (328,152) (189,924)
Comprehensive loss $(1,049,075) $(839,942) $(1,631,678)
(1) Amount is net of benefit from income taxes of $80.2 million for the year ended December 31, 2009.
(2) Amount is net of benefit from income taxes of $51.8 million for the year ended December 31, 2009.
(3) Amounts are net of provision for income taxes of $96.5 million for the year ended December 31, 2009, and benefit from income taxes of
$7.4 million and $286.2 million for the years ended December 31, 2008, and 2007, respectively.
(4) Amounts are net of provision for income taxes of $59.7 million for the year ended December 31, 2009, and benefit from income taxes of
$18.4 million and $217.8 million the years ended December 31, 2008 and 2007, respectively.
(5) Amounts are net of provision for income taxes of $59.8 million for the year ended December 31, 2009, and benefit from income taxes of
$185.5 million and $68.9 million the years ended December 31, 2008 and 2007, respectively.
(6) Amounts are net of benefit from income taxes of $22.2 million, $9.5 million, and $16.8 million for the years ended December 31, 2009,
2008 and 2007, respectively.
See accompanying notes to consolidated financial statements
99