eTrade 2000 Annual Report Download - page 103

Download and view the complete annual report

Please find page 103 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.

Page out of 263

  • 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

CASH AND EQUIVALENTS—Beginning of period — 636 3,587
CASH AND EQUIVALENTS—End of period $
— $ — $ 636
111
25. QUARTERLY DATA (UNAUDITED
In the fourth quarter of fiscal 2000, the unaudited quarterly financial information of the Company was restated for all prior periods to
reflect the acquisition of VERSUS, which was accounted for as a pooling of interests transaction. The information presented below
reflects all adjustments which, in the opinion of management, are of a normal and recurring nature necessary to present fairly the
results of operations for the periods presented (in thousands, except per share amounts).
Fiscal 2000 Fiscal 1999
4 th 3 rd 2 nd 1 st 4 th 3 rd 2 nd 1 st
Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter(1)
E*TRADE Group (as previously
reported:
Net revenues $ 330,341 $ 407,430 $ 267,642 $ 189,536 $ 186,422 $ 161,775 $ 119,417
Cost of services 124,489 $ 130,474 $ 111,507 93,943 $ 82,237 66,493 $ 50,237
Gain (loss) on sale of investments
and
venture funds $ 20,954 $ (3,713 ) $ 56,769 $ 12,287 $ 8,439 $ 33,367 $ —
Income (loss) before cumulative
effect
of accounting change and
extraordinaryloss $ 5,690 $ (23,189 ) $ (4,791 ) $ (25,982 )
$ (21,761 ) $ 9,037 $ (10,932 )
Net income (loss) $ 5,690 $ (23,189 ) $ (4,791 ) $ (25,982 )
$ (23,746 ) $ 8,568 $ (10,932 )
Income (loss) per share before
cumulative effect of
accounting change and
extraordinary loss:
Basic $ 0.02 $ (0.08 ) $ (0.02 ) $ (0.09 )
$ (0.08 ) $ 0.03 $ (0.04 )
Diluted $ 0.02 $ (0.08 ) $ (0,02 ) $ (0.09 )
$ (0.08 ) $ 0.03 $ (0.04 )
Income (loss) per share:
Basic $ 0.02 $ (0.08 ) $ (0.02 ) $ (0.09 )
$ (0.08 ) $ 0.03 $ (0.04 )
Diluted $ 0.02 $ (0.08 ) $ (0.02 ) $ (0.09 )
$ (0.08 ) $ 0.03 $ (0.04 )
VERSUS (as previously reported):
Net revenues $ 8,278 $ 9,741 $ 5,535 $ 3,559 $ 4,282 $ 3,608 $ 3,219
Cost of services $ 4,509 $ 5,669 $ 3,957 $ 2,945 $ 2,860 $ 2,263 $ 2,093
Net loss $ (1,566 )
$ (2,370 ) $ (2,558 ) $ (2,153 )
$ (1,052 ) $ (1,135 )
$ (696 )
Elimination of intercompany
transactions:
Net revenues $ (322 )
$ (471 ) $ (117 ) $ (75 )
$ (214 ) $ (81 )
$ —
Cost of services $ (415 )
$ (564 ) $ (210 ) $ (165 )
$ (304 ) $ (171 )
$ (89 )
Net income $ 94 $ 93 $ 93 $ 90 $ 90 $ 90 $ 89
Combined:
Net revenues $ 340,261 $ 338,297 $ 416,700 $ 273,060 $ 193,020 $ 190,490 $ 165,302 $ 122,636
Cost of services $ 136,155 $ 128,583 $ 135,579 $ 115,254 $ 96,723 $ 84,793 $ 68,585 $ 52,241
Gain (loss) on sale of investments
and venture funds $ 136,403 $ 20,954 $ (3,713 ) $ 56,769 $ 12,287 $ 8,439 $ 33,367 $ —
Income (loss) before cumulative
effect of accounting change
and extraordinary loss $ 47,656 $ 4,218 $ (25,466 ) $ (7,256 ) $ (28,045 )
$ (22,723 ) $ 7,992 $ (11,539 )
Net income (loss) $ 47,656 $ 4,218 $ (25,466 ) $ (7,256 ) $ (28,045 )
$ (24,708 ) $ 7,523 $ (11,539 )
Income (loss) per share before
cumulative effect of accounting
change and extraordinary loss:
Basic $ 0.15 $ 0.01 $ (0.09 ) $ (0.02 ) $ (0.10 )
$ (0.08 ) $ 0.03 $ (0.04 )
Diluted $ 0.15 $ 0.01 $ (0.09 ) $ (0.02 ) $ (0.10 )
$ (0.08 ) $ 0.03 $ (0.04 )
Income (loss) per share:
Basic $ 0.15 $ 0.01 $ (0.09 ) $ (0.02 ) $ (0.10 )
$ (0.09 ) $ 0.03 $ (0.04 )
Diluted $ 0.15 $ 0.01 $ (0.09 ) $ (0.02 ) $ (0.10 )
$ (0.09 ) $ 0.03 $ (0.04 )
2002. EDGAR Online, Inc.