eTrade 2002 Annual Report Download - page 95

Table of Contents
Index to Financial Statements
E*TRADE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
Preferred Stock Shares
Exchangeable into
Common Stock
Common Stock Additional Paid-in
Capital
Unearned
ESOP Shares Shareholders’ Notes Receivable
Accumulated
Deficit Accumulated Other Comprehensive Income
(Loss)
Total Shareholders’
Equity
Shares Amount Shares Amount Shares Amount
Balance, September 30, 1999 — $ — 8,709 $ 87 275,146 $ 2,751 $ 1,320,338 $ (2,122 )
$ (1,092 ) $ (26,060 ) $ 157,893 $ 1,451,795
Net income 19,152 19,152
Unrealized gain on
available-for-sale securities
arising during the period
61,275 61,275
Less realized gain on
available-for-sale securities
included in net income
(134,012 ) (134,012 )
Foreign currency translation (927 ) (927 )
Tax expense on other
comprehensive income items (17,507 ) (17,507 )
Total comprehensive loss (72,019 )
Compensation expense on
options
4,903 4,903
Exercise of stock options,
including tax benefit
65 9,682 97 67,157 (19,103 ) 48,151
Employee stock purchase plan 590 6 4,878 4,884
Release of unearned ESOP
shares
348 4 (868 ) 562 (302 )
Collection of shareholders’
notes receivable 1,092 1,092
Issuance of common stock, net
of issuance costs—
E*TRADE Technologies
497 5 2,538 2,543
Issuance of common stock for
purchase acquisitions
83 1 15,005 150 415,635 415,786
Conversion of Exchangeable
Shares of EGI Canada
Corporation to common stock
(3,734 ) (3
7
) 3,734 37 —
Balance, September 30, 2000 — — 5,620 56 304,505 3,045 1,814,581 (1,560 )
(19,103 ) (6,908 ) 66,722 1,856,833
Income before cumulative
effect of accounting changes 1,436 1,436
Cumulative effect of
accounting change (83 ) (83 )
Unrealized loss on
available-for-sale securities
arising during the period
(56,059 ) (56,059 )
Less realized gain on
available-for-sale securities
included in net income
(3,582 ) (3,582 )
Unrealized loss on cash flow
hedges (122,037 ) (122,037 )
Tax benefit on other
comprehensive income items 57,054 57,054
Total comprehensive loss (123,271 )
Exercise of stock options,
including tax benefit
1,114 11 5,473 (537 ) 4,947
Exercise of warrants,
including tax benefit
525 5 5
Release of unearned ESOP
shares
138 138
Issuance of common stock for
purchase acquisitions
618 6 8,685 8,691
Conversion of Exchangeable
Shares of EGI Canada
Corporation to common stock
(1,518 ) (1
5
) 1,518 15 —
Other employee stock
transactions
(60 ) (1,295 )
(1,295 )
Balance, December 31, 2000 — $ — 4,102 $ 41 308,220 $ 3,082 $ 1,827,444 $ (1,422 )
$ (19,640 ) $ (5,555 ) $ (57,902 ) $ 1,746,048
See accompanying notes to consolidated financial statements
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