eTrade 2009 Annual Report Download - page 101

E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(In thousands, except share amounts)
December 31,
2009 2008
ASSETS
Cash and equivalents $ 3,483,238 $ 3,853,849
Cash and investments required to be segregated under federal or other regulations 1,545,280 1,141,598
Trading securities 38,303 55,481
Available-for-sale mortgage-backed and investment securities (includes securities
pledged to creditors with the right to sell or repledge of $7,298,631 and
$8,398,346 at December 31, 2009 and 2008, respectively) 13,319,712 10,806,094
Margin receivables 3,827,212 2,791,168
Loans, net (net of allowance for loan losses of $1,182,738 and $1,080,611 at
December 31, 2009 and 2008, respectively) 19,174,933 24,451,852
Investment in FHLB stock 183,863 200,892
Property and equipment, net 320,169 319,222
Goodwill 1,952,326 1,938,325
Other intangibles, net 356,404 386,130
Other assets 3,165,045 2,593,604
Total assets $47,366,485 $48,538,215
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits $25,597,721 $26,136,246
Securities sold under agreements to repurchase 6,441,875 7,381,279
Customer payables 5,234,199 3,753,332
Other borrowings 2,746,959 4,353,777
Corporate debt 2,458,691 2,750,532
Accounts payable, accrued and other liabilities 1,137,485 1,571,553
Total liabilities 43,616,930 45,946,719
Commitments and contingencies (see Note 22)
Shareholders’ equity:
Common stock, $0.01 par value, shares authorized: 4,000,000,000 and
1,200,000,000 at December 31, 2009 and 2008, respectively; shares issued and
outstanding: 1,893,970,995 and 563,523,086 at December 31, 2009 and 2008,
respectively 18,940 5,635
Additional paid-in capital (“APIC”) 6,258,111 4,064,282
Accumulated deficit (2,123,366) (845,767)
Accumulated other comprehensive loss (404,130) (632,654)
Total shareholders’ equity 3,749,555 2,591,496
Total liabilities and shareholders’ equity $47,366,485 $48,538,215
See accompanying notes to consolidated financial statements
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