eTrade 2010 Annual Report Download - page 100
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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS
(In thousands)
Year Ended December 31,
2010 2009 2008
Net loss $(28,472) $(1,297,762) $(511,790)
Other comprehensive income (loss)
Available-for-sale securities:
OTTI, net(1) 25,662 133,179 —
Noncredit portion of OTTI reclassification into other
comprehensive income (loss), net(2) (2,320) (91,246) —
Unrealized gains (losses), net(3) 74,826 160,398 (18,088)
Reclassification into earnings, net(4) (98,408) (94,743) 35,255
Net change from available-for-sale securities (240) 107,588 17,167
Cash flow hedging instruments:
Unrealized gains (losses), net(5) (77,724) 101,886 (302,132)
Reclassification into earnings, net(6) 47,774 37,055 16,866
Net change from cash flow hedging instruments (29,950) 138,941 (285,266)
Foreign currency translation gains (losses) (4,320) 2,158 (37,476)
Reclassification of foreign currency translation gains associated with
the disposition of a subsidiary — — (22,577)
Other comprehensive income (loss) (34,510) 248,687 (328,152)
Comprehensive loss $(62,982) $(1,049,075) $(839,942)
(1) Amounts are net of benefit from income taxes of $15.8 million and $80.2 million for the years ended December 31, 2010 and 2009,
respectively.
(2) Amounts are net of benefit from income taxes of $1.5 million and $51.8 million for the years ended December 31, 2010 and 2009,
respectively.
(3) Amounts are net of provision for income taxes of $48.7 million and $96.5 million for the years ended December 31, 2010 and 2009,
respectively, and net of a benefit from income taxes of $7.4 million for the year ended December 31, 2008.
(4) Amounts are net of provision for income taxes of $60.2 million and $59.7 million for the years ended December 31, 2010 and 2009,
respectively, and net of a benefit from income taxes of $18.4 million for the year ended December 31, 2008.
(5) Amounts are net of benefit from income taxes of $40.2 million and $185.5 million for years ended December 31, 2010 and 2008,
respectively, and net of a provision for income taxes of $59.8 million for year ended December 31, 2009.
(6) Amounts are net of benefit from income taxes of $26.4 million, $22.2 million, and $9.5 million for the years ended December 31, 2010,
2009, and 2008, respectively.
See accompanying notes to the consolidated financial statements
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