eTrade 2011 Annual Report Download - page 100
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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
Year Ended December 31,
2011 2010 2009
Net income (loss) $ 156,701 $(28,472) $(1,297,762)
Other comprehensive income (loss)
Available-for-sale securities:
OTTI, net(1) 5,709 25,662 133,179
Noncredit portion of OTTI reclassification (into) out of other
comprehensive income (loss), net(2) 3,589 (2,320) (91,246)
Unrealized gains, net(3) 268,405 74,826 160,398
Reclassification into earnings, net(4) (78,060) (98,408) (94,743)
Net change from available-for-sale securities 199,643 (240) 107,588
Cash flow hedging instruments:
Unrealized gains (losses), net(5) (216,302) (77,724) 101,886
Reclassification into earnings, net(6) 66,847 47,774 37,055
Net change from cash flow hedging instruments (149,455) (29,950) 138,941
Foreign currency translation gains (losses), net 1,823 (4,320) 2,158
Other comprehensive income (loss) 52,011 (34,510) 248,687
Comprehensive income (loss) $ 208,712 $(62,982) $(1,049,075)
(1) Amounts are net of benefit from income taxes of $3.5 million, $15.8 million and $80.2 million for the years ended December 31, 2011,
2010 and 2009, respectively.
(2) Amounts are net of benefit from income taxes of $2.1 million, $1.5 million and $51.8 million for the years ended December 31, 2011,
2010 and 2009, respectively.
(3) Amounts are net of provision for income taxes of $161.0 million, $48.7 million and $96.5 million for the years ended December 31,
2011, 2010 and 2009, respectively.
(4) Amounts are net of provision for income taxes of $46.3 million, $60.2 million and $59.7 million for the years ended December 31, 2011,
2010 and 2009, respectively.
(5) Amounts are net of benefit from income taxes of $133.9 million and $40.2 million for years ended December 31, 2011 and 2010,
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 $43.3 million, $26.4 million and $22.2 million for the years ended December 31, 2011,
2010 and 2009, respectively.
See accompanying notes to the consolidated financial statements
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