Sprint - Nextel 2005 Annual Report Download - page 102

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SPRINT NEXTEL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
For the Years Ended December 31, 2005, 2004 and 2003
2005 2004 2003
(in millions)
Net income (loss) ............................................... $ 1,785 $ (1,012) $ 1,290
Other comprehensive income (loss)
Unrealized holding gains on available-for-sale securities .............. 101 33 78
Income tax expense ............................................ (37) (12) (30)
Net unrealized holding gains on available-for-sale securities ............. 64 21 48
Reclassification adjustment for realized gains on available-for-sale
securities included in net income (loss) .......................... (26) (28) (7)
Income tax benefit ............................................. 10 10 3
Net reclassification adjustment for realized gains on available-for-sale
securities included in net income (loss) ............................ (16) (18) (4)
Unrealized gains (losses) on qualifying cash flow hedges .............. 2 (11) (60)
Income tax (expense) benefit .................................... (2) 4 23
Net unrealized losses on qualifying cash flow hedges ................... — (7) (37)
Reclassification adjustment for losses on cash flow hedges included in net
income (loss) ............................................... 15 15 —
Income tax expense ............................................ (5) (5) —
Net reclassification adjustment for losses on cash flow hedges included in net
income (loss) ................................................. 10 10 —
Net foreign currency translation adjustment ........................... (9) 20 (2)
Additional minimum pension obligation ........................... (98) (38) (37)
Income tax benefit ............................................. 39 17 12
Net additional minimum pension obligation ........................... (59) (21) (25)
Total other comprehensive (loss) income ............................. (10) 5 (20)
Comprehensive income (loss)..................................... $ 1,775 $ (1,007) $ 1,270
See accompanying Notes to the Consolidated Financial Statements.
F-7