eTrade 2005 Annual Report Download - page 114

Table of Contents
E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—(Continued)
(in thousands)
YearEnded December31,
2005
2004
2003
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits
$
3,668,914
$
(202,544
)
$
4,113,280
Advances from the Federal Home Loan Bank
19,638,000
7,041,000
1,634,700
Payments on advances from the Federal Home Loan Bank
(17,267,000
)
(6,472,000
)
(2,025,000
)
Net increase (decrease) in securities sold under agreements to repurchase
1,181,832
4,603,641
(343,324
)
Net decrease in other borrowed funds
(12,151
)
(64,215
)
(208,479
)
Proceeds from bank loans and lines of credit, net of transaction costs
—
23,500
—
Payments on bank loans and lines of credit
—
(753
)
(5,090
)
Net proceeds from senior notes
992,064
394,000
—
Payments on call of convertible subordinated notes
—
(428,902
)
—
Proceeds from issuance of common stock
691,783
—
—
Proceeds from issuance of Units
436,500
—
—
Proceeds from issuance of common stock from employee stock transactions
61,351
43,974
51,740
Tax benefit from tax deductions in excess of compensation expense recognition
24,530
22,441
13,186
Repayment of capital lease obligations
(157
)
(734
)
(6,031
)
Repurchases of common stock
(58,215
)
(175,776
)
—
Proceeds from issuance of subordinated debentures and trust preferred securities
50,000
75,630
58,210
Payments on trust preferred securities
—
(23,375
)
—
Net cash flow from derivative hedging liabilities
45,056
(159,591
)
(30,916
)
Other
(333
)
759
14,212
Net cash provided by financing activities
9,452,174
4,677,055
3,266,488
INCREASE (DECREASE) IN CASH AND EQUIVALENTS
(95,718
)
18,542
147,759
CASH AND EQUIVALENTS, Beginning of year
939,906
921,364
773,605
CASH AND EQUIVALENTS, End of year
$
844,188
$
939,906
$
921,364
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest
$
723,718
$
437,714
$
430,855
Cash paid for income taxes
$
206,494
$
101,309
$
42,555
Non-cash investing and financing activities:
Transfers from loans to other real estate owned and repossessed assets
$
50,191
$
47,080
$
48,947
Reclassification of loans held-for-sale to loans held-for-investment
$
178,347
$
—
$
289,592
Deconsolidation of trust preferreds to other borrowings
$
—
$
—
$
201,665
Issuance of common stock to retire debentures
$
—
$
79,963
$
—
See accompanying notes to consolidated financial statements
73
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2006. EDGAR Online, Inc.