Careful with parenthesis!
sinh(x) = (ex - e-x)/2
and
cosh(x) = (ex + e-x)/2.
We calculate the squares of sinh and cosh, starting with cosh.
cosh2(x) = [(ex + e-x)/2]2
=(e2x +2 • ex • e-x +e-2x)/4 = (e2x + 2 + e-2x)/4
sinh2(x) = [(ex - e-x)/2]2
=(e2x -2 • ex • e-x +e-2x)/4 =(e2x -2 +e-2x)/4
=(e2x -2 • ex • e-x +e-2x)/4 =(e2x -2 +e-2x)/4
Now, we subtract:
cosh2(x) - sinh2(x) =(e2x +2 +e-2x)/4
-(e2x -2 +e-2x)/4
We factor out (/4), because both expressions for cosh and sinh are divided by it,
and open the second parenthesis, which effectively will change the sign of all terms in these parenthesis.
I organized in this fashion, so you see that we subtract all the exponents. Then,
cosh2(x) - sinh2(x) = (e2x +2 +e-2x
-e2x +2 -e-2x)/4
-e2x +2 -e-2x)/4
=(2 + 2)/4 = 4/4 =1.