eTrade 2002 Annual Report Download - page 189
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Table of Contents
Index to Financial Statements
STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended December31,
2002 Year Ended
December31, 2001 ThreeMonths Ended
December31, 2000 Year Ended September30,
2000
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net income (loss) $ (186,405 ) $ (241,532 ) $ 1,353 $ 19,152
Adjustments to reconcile net income (loss) to net
cash provided by operating activities:
Equity in undistributed (income) loss of bank
subsidiary
(113,514 ) (55,852 ) (5,165 ) 5,546
Equity in undistributed (income) loss of other
subsidiaries
34,733 80,802 15,002 144,362
Equity in net loss of investments (9,933 ) 7,987 585 8,593
Depreciation and amortization 72,879 115,495 29,643 85,621
(Gain) loss on investments and impairment charges 8,356 52,716 — (208,707 )
Unrealized loss on venture fund 8,621 23,607 6,158 —
Non cash restructuring costs and other exit charges 29,336 81,969 — —
Cumulative effect of changes in accounting
principle
229,316 — — —
Extraordinary gain on note retirement (8,669 ) (59,921 ) — —
Other 4,844 13,358 (1,221 ) 4,195
Other changes, net:
Other assets and liabilities 95,817 (159,871 ) (7,586 ) 191,809
Accrued restructuring liability (25,075 ) 71,481 — —
Net cash provided by operating activities 140,306 (69,761 ) 38,769 250,571
CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchase of property and equipment (110,083 ) (81,221 ) (48,597 ) (120,787 )
Purchase of investments (6,894 ) (8,248 ) (35,384 ) (8,361 )
Proceeds from sale/maturity of investments 13,472 26,146 9,805 69,116
Cash used in business acquisitions — (20,000 ) (1,377 ) (32,703 )
Advances to other subsidiaries (109,699 ) (242,526 ) (12,299 ) (701,553 )
Restricted deposits 71,888 675 126 (72,689 )
Proceeds from sale of subsidiary — — 60,632 —
Other 2,125 14,014 — (9,586 )
Net cash used in investing activities (139,191 ) (311,160 ) (27,094 ) (876,563 )
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from issuance of common stock 13,742 29,663 3,376 20,117
Proceeds from issuance of convertible subordinated
notes, net of issuance costs
— 315,250 — 631,312
Repurchase of treasury stock (43,481 ) (239,080 ) — —
Dividends issued by subsidiary 50,000 150,000 — —
Repurchase of convertible subordinated notes, net
of issuance costs
— (15,283 ) — —
Payment of capital leases (14,431 ) (13,967 ) (3,022 ) (11,586 )
Other (4,512 ) (7,837 ) (12,481 ) (365 )
2003. EDGAR Online, Inc.