eTrade 2000 Annual Report Download - page 101
Download and view the complete annual report
Please find page 101 of the 2000 eTrade annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
 |
 |
Year ended September 30, 2000 $ 1,240,980 $ 70,439 $ 24,588 $ 32,311 $ 1,368,318
Year ended September 30, 1999 $ 591,366 $ 29,663 $ 35,751 $ 14,668 $ 671,448
Year ended September 30, 1998 $ 294,140 $ 27,175 $ 29,155 $ 10,535 $ 361,005
Long-lived assets:
As of September 30, 2000 $ 317,243 $ 9,070 $ 1,963 $ 5,986 $ 334,262
As of September 30, 1999 $ 177,095 $ 1,054 $ 705 $ 2,821 $ 181,675
______________
(1) Comprised of Canada and South Africa
No single customer accounted for greater than 10% of gross revenues for the fiscal years ended September 30, 2000, 1999 or 1998.
108
24. CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)
The following presents the Parent’ s condensed balance sheets as of September 30, 2000 and 1999 and statements of operations and
cash flows for each of the three years in the period ended September 30, 2000.
BALANCE SHEETS
(in thousands)
September 30,
2000 1999
ASSETS
Property and equipment—net $ 240,697 $ 152,125
Investments 618,858 545,750
Equity in net assets of bank subsidiary 669,534 505,634
Equity in net assets of other consolidated subsidiaries 1,106,409 329,934
Receivable from subsidiaries — 44,317
Other assets 175,513 72,785
Total assets $ 2,811,011 $ 1,650,545
LIABILITIES AND SHAREOWNERS’ EQUITY
Convertible subordinated notes (see Note 13) $ 650,000 $ —
Other liabilities 292,606 198,750
Payable to subsidiaries 11,572 —
Shareowners’ equity 1,856,833 1,451,795
Total liabilities and shareowners’ equity $ 2,811,011 $ 1,650,545
109
STATEMENTS OF OPERATIONS
(in thousands)
Years Ended September 30,
2000 1999 1998
Revenues:
Management fees from subsidiaries $ 549,173 $ 224,352 $ 89,929
Other 22,500 29,463 24,411
Net revenues 571,673 253,815 114,340
Cost of services 164,966 106,227 45,385
Operating expenses:
Selling and marketing 14,296 17,662 7,639
Technology development 121,125 85,347 42,046
General and administrative 112,278 47,718 33,659
Amortization of goodwill 16,167 589 —
Acquisition-related expenses 14,972 7,174 1,167
2002. EDGAR Online, Inc.