eTrade 2008 Annual Report Download - page 24

(Dollars in millions):
December 31, Variance
2008 2007 2006 2005 2004 2008 vs. 2007
Financial Condition:
Available-for-sale mortgage-
backed and investment
securities $10,806.1 $11,255.0 $13,677.8 $12,564.7 $12,543.8 (4)%
Margin receivables $ 2,791.2 $ 7,179.2 $ 6,828.4 $ 5,642.0 $ 1,965.5 (61)%
Loans, net $24,451.9 $30,139.4 $26,656.2 $19,512.3 $11,785.0 (19)%
Total assets $48,538.2 $56,845.9 $53,739.3 $44,567.7 $31,032.6 (15)%
Deposits $26,136.2 $25,884.8 $24,071.0 $15,948.0 $12,303.0 1%
Corporate debt $ 2,750.5 $ 3,022.7 $ 1,842.2 $ 2,022.7 $ 585.6 (9)%
Shareholders’ equity $ 2,591.5 $ 2,829.1 $ 4,196.4 $ 3,399.6 $ 2,228.2 (8)%
(Dollars in billions, except per trade amounts):
At or For the Year Ended December 31, Variance
2008 2007 2006 2005 2004 2008 vs. 2007
Key Measures(1):
Retail customer assets $ 112.2 $ 185.0 $ 191.3 $ 175.6 $ 98.0 (39)%
Customer cash and deposits $ 32.3 $ 32.7 $ 33.0 $ 27.8 $ 18.2 (1)%
Total daily average revenue
trades 188,116 177,900 153,146 95,209 80,951 6%
Average commission per
trade $ 10.88 $ 11.72 $ 11.97 $ 13.44 $ 15.21 (7)%
End of period total accounts 4,533,034 4,287,240 4,002,496 3,900,608 3,227,199 6%
Enterprise net interest
spread (basis points)(2) 252 264 285 249 N/A (5)%
Enterprise interest-earning
assets, average(2) $ 46.9 $ 56.1 $ 44.9 $ 32.0 N/A (16)%
Total employees (period
end) 3,249 3,757 4,126 3,439 3,320 (14)%
(1) Metrics have been represented to exclude activity from discontinued operations.
(2) The enterprise net interest spread and enterprise interest-earning assets, average for 2004 are not presented as the information was not
tracked on an enterprise level during that period.
The selected consolidated financial data should be read in conjunction with Item 7. Management’s
Discussion and Analysis of Financial Condition and Results of Operations and Item 8. Financial Statements and
Supplementary Data.
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