eTrade 2009 Annual Report Download - page 149

NOTE 15—ACCOUNTS PAYABLE, ACCRUED AND OTHER LIABILITIES
Accounts payable, accrued and other liabilities consist of the following (dollars in thousands):
December 31,
2009 2008
Deposits received for securities loaned $ 438,566 $ 288,384
Other payables to brokers, dealers and clearing organizations 161,484 148,603
Accounts payable and accrued expenses 148,704 192,613
Derivative liabilities 143,602 485,181
Subserviced loan advances 135,693 92,081
Reserves for legal and regulatory matters 24,435 54,954
Senior and convertible debt accrued interest 20,217 32,054
Facility restructuring and other exit activities liability 18,529 21,883
Other 46,255 255,800
Total accounts payable, accrued and other liabilities $1,137,485 $1,571,553
NOTE 16—INCOME TAXES
The components of income tax benefit from continuing operations are as follows (dollars in thousands):
Year Ended December 31,
2009 2008 2007
Current:
Federal $ (58,042) $ (8,773) $(316,799)
Foreign 24 2,379 4,628
State 6,049 (2,383) 7,904
Tax benefit recognized for uncertainties 2,989 (14,000) (3,327)
Total current (48,980) (22,777) (307,594)
Deferred:
Federal (448,903) (404,217) (422,218)
Foreign 207 1,233 1,560
State (39,993) (43,774) (4,697)
Total deferred (488,689) (446,758) (425,355)
Income tax benefit $(537,669) $(469,535) $(732,949)
The components of loss before income tax benefit and discontinued operations are as follows (dollars in
thousands):
Years Ended December 31,
2009 2008 2007
Domestic $(1,771,693) $(1,274,987) $(2,178,430)
Foreign (63,738) (3,932) 3,144
Loss before income tax benefit and discontinued
operations $(1,835,431) $(1,278,919) $(2,175,286)
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