eTrade 2006 Annual Report Download - page 3
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Note 7—Loans, Net ............................................................................. 101
Note 8—Brokerage Receivables, Net and Brokerage Payables ............................................ 103
Note 9—Accounting for Derivative Financial Instruments and Hedging Activities ............................ 103
Note 10—Servicing Rights ........................................................................ 109
Note 11—Property and Equipment, Net .............................................................. 110
Note 12—Goodwill and Other Intangibles, Net ........................................................ 110
Note 13—Other Assets ........................................................................... 112
Note 14—Deposits .............................................................................. 113
Note 15—Asset Securitization ..................................................................... 114
Note 16—Securities Sold Under Agreement to Repurchase and Other Borrowings ............................ 119
Note 17—Corporate Debt ......................................................................... 121
Note 18—Accounts Payable, Accrued and Other Liabilities .............................................. 123
Note 19—Income Taxes .......................................................................... 124
Note 20—Earnings per Share ...................................................................... 127
Note 21—Share Repurchases ...................................................................... 128
Note 22—Employee Share-Based Payments and Other Benefits .......................................... 128
Note 23—Regulatory Requirements ................................................................. 131
Note 24—Lease Arrangements ..................................................................... 132
Note 25—Commitments, Contingencies and Other Regulatory Matters ..................................... 133
Note 26—Segment and Geographic Information ....................................................... 135
Note 27—Fair Value Disclosure of Financial Instruments ............................................... 139
Note 28—Related Party Transactions ............................................................... 140
Note 29—Condensed Financial Information (Parent Company Only) ...................................... 141
Note 30—Subsequent Event ....................................................................... 144
Note 31—Quarterly Data (Unaudited) ............................................................... 144
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ..................... 145
Item 9A. Controls and Procedures ............................................................................ 145
Item 9B. Other Information ................................................................................. 145
PART III 145
PART IV 145
Item 15. Exhibits and Financial Statement Schedules ............................................................ 145
Exhibit Index ............................................................................................... 146
Signatures .................................................................................................. 153
Unless otherwise indicated, references to “the Company,” “We,” “Us,” “Our” and “E*TRADE” mean E*TRADE
Financial Corporation or its subsidiaries.
E*TRADE, E*TRADE Financial, E*TRADE Bank, ClearStation, Equity Edge, Equity Resource, OptionsLink and the
Converging Arrows logo are registered trademarks of E*TRADE Financial Corporation in the United States and in other
countries.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements involve risks and uncertainties. These statements relate to our future
plans, objectives, expectations and intentions. These statements may be identified by the use of words such as “expect,”
“may,” “anticipate,” “intend,” “plan” and similar expressions. Our actual results could differ materially from those
discussed in these forward-looking statements, and we caution that we do not undertake to update these statements. Factors
that could contribute to our actual results differing from any forward-looking statements include those discussed under “Risk
Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this
report. The cautionary statements made in this report should be read as being applicable to all forward-looking statements
wherever they appear in this report.
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