eTrade 2006 Annual Report Download - page 78

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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(In thousands, except share amounts)
December 31,
2006 2005
ASSETS
Cash and equivalents $ 1,212,234 $ 844,188
Cash and investments required to be segregated under Federal or other regulations 281,622 610,174
Trading securities 178,600 146,657
Available-for-sale mortgage-backed and investment securities (includes securities
pledged to creditors with the right to sell or repledge of $11,087,961 and
$11,792,684 at December 31, 2006 and 2005, respectively) 13,921,983 12,763,438
Loans held-for-sale 283,496 87,371
Brokerage receivables, net 7,636,352 7,174,175
Loans receivable, net (net of allowance for loan losses of $67,628 and $63,286 at
December 31, 2006 and 2005, respectively) 26,372,697 19,424,895
Property and equipment, net 318,389 299,256
Goodwill 2,072,920 2,003,456
Other intangibles, net 471,933 532,108
Other assets 989,077 681,968
Total assets $53,739,303 $44,567,686
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits $24,071,012 $15,948,015
Securities sold under agreements to repurchase 9,792,422 11,101,542
Brokerage payables 7,824,704 7,342,208
Other borrowings 5,323,962 4,206,996
Senior notes 1,401,592 1,401,947
Mandatory convertible notes 440,577 435,589
Convertible subordinated notes — 185,165
Accounts payable, accrued and other liabilities 688,664 546,664
Total liabilities 49,542,933 41,168,126
Shareholders’ equity:
Common stock, $0.01 par value, shares authorized: 600,000,000; shares issued
and outstanding: 426,304,136 and 416,582,164 at December 31, 2006 and
2005, respectively 4,263 4,166
Additional paid-in capital (“APIC”) 3,184,290 2,990,676
Retained earnings 1,209,289 580,430
Accumulated other comprehensive loss (201,472) (175,712)
Total shareholders’ equity 4,196,370 3,399,560
Total liabilities and shareholders’ equity $53,739,303 $44,567,686
See accompanying notes to consolidated financial statements
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