eTrade 1999 Annual Report Download - page 28

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Years Ended September 30,
----------------------------------------------
1999 1998 1997 1996 1995
-------- -------- -------- ------- -------
(in thousands, except per share amounts)
Consolidated Statement of
Operations Data*:
Revenues:
Transaction revenues......... $355,830 $162,097 $109,659 $44,178 $20,835
Global and institutional..... 110,959 95,829 80,128 78,865 79,579
Interest--net of interest
expense..................... 122,308 56,701 25,739 5,021 989
Other........................ 32,305 21,129 18,602 13,739 7,558
-------- -------- -------- ------- -------
Net revenues................ 621,402 335,756 234,128 141,803 108,961
-------- -------- -------- ------- -------
Cost of services.............. 283,869 138,942 95,933 63,312 39,822
-------- -------- -------- ------- -------
Operating expenses:
Selling and marketing........ 301,658 117,283 67,281 52,371 44,942
Technology development....... 76,878 33,699 13,547 4,699 2,265
General and administrative... 85,095 41,752 27,098 17,208 12,300
Merger related expenses...... 6,304 1,167 -- -- --
-------- -------- -------- ------- -------
Total operating expenses.... 469,935 193,901 107,926 74,278 59,507
-------- -------- -------- ------- -------
Total cost of services and
operating expenses......... 753,804 332,843 203,859 137,590 99,329
-------- -------- -------- ------- -------
Operating income (loss)....... (132,402) 2,913 30,269 4,213 9,632
-------- -------- -------- ------- -------
Non-operating income
(expense):
Gain on sale of investments.. 49,957 -- -- -- --
Equity in losses of
investments................. (9,103) -- -- -- --
Gain (loss) on foreign
exchange.................... 12 (762) (946) (542)
(186)
-------- -------- -------- ------- -------
Total non-operating income
(expense).................. 40,866 (762) (946) (542)
(186)
-------- -------- -------- ------- -------
Pre-tax income (loss)......... (91,536) 2,151 29,323 3,671 9,446
Income tax expense (benefit).. (37,098) 224 10,130 (495) 2,113
-------- -------- -------- ------- -------
Net income (loss)............. (54,438) 1,927 19,193 4,166 7,333
Preferred stock dividends..... 222 240 240 240 --
-------- -------- -------- ------- -------
Income (loss) applicable to
common stock................ $(54,660) $ 1,687 $ 18,953 $ 3,926 $ 7,333
======== ======== ======== ======= =======
Income (loss) per share:
Basic........................ $ (0.23) $ 0.01 $ 0.14 $ 0.05 $ 0.11
======== ======== ======== ======= =======
Diluted...................... $ (0.23) $ 0.01 $ 0.13 $ 0.03 $ 0.07
======== ======== ======== ======= =======
Shares used in computation of
income (loss) per share:
Basic........................ 235,926 173,906 133,572 80,554 68,467
Diluted...................... 235,926 185,479 147,833 121,863 111,427
2002. EDGAR Online, Inc.