eTrade 2009 Annual Report Download - page 27

(Dollars in millions):
December 31, Variance
2009 2008 2007 2006 2005 2009 vs. 2008
Financial Condition:
Available-for-sale mortgage-
backed and investment
securities $13,319.7 $10,806.1 $11,255.0 $13,677.8 $12,564.7 23%
Margin receivables $ 3,827.2 $ 2,791.2 $ 7,179.2 $ 6,828.4 $ 5,642.0 37%
Loans, net $19,174.9 $24,451.8 $30,139.4 $26,656.2 $19,512.3 (22)%
Total assets $47,366.5 $48,538.2 $56,845.9 $53,739.3 $44,567.7 (2)%
Deposits $25,597.7 $26,136.2 $25,884.8 $24,071.0 $15,948.0 (2)%
Corporate debt
Interest-bearing $ 1,437.8 $ 2,750.5 $ 3,022.7 $ 1,842.2 $ 2,022.7 (48)%
Non-interest-bearing $ 1,020.9 $ — $ — $ — $ — *
Shareholders’ equity $ 3,749.6 $ 2,591.5 $ 2,829.1 $ 4,196.4 $ 3,399.6 45%
* Percentage not meaningful.
(Dollars in billions, except per trade amounts):
At or For the Year Ended December 31, Variance
2009 2008 2007 2006 2005 2009 vs. 2008
Key Measures(1):
Customer assets $ 153.2 $ 112.2 $ 185.0 $ 191.3 $ 175.6 37%
Customer cash and deposits $ 33.8 $ 32.3 $ 32.7 $ 33.0 $ 27.8 5%
Total DARTs 196,521 188,116 177,900 153,146 95,209 4%
Average commission per
trade $ 11.11 $ 10.88 $ 11.72 $ 11.97 $ 13.44 2%
End of period brokerage
accounts(2) 2,630,079 2,515,806 2,373,265 2,368,577 N/A 5%
Enterprise net interest spread
(basis points) 272 252 264 285 249 8%
Enterprise interest-earning
assets (average) $ 44.5 $ 46.9 $ 56.1 $ 44.9 $ 32.0 (5)%
Total employees (period end) 3,084 3,249 3,757 4,126 3,439 (5)%
(1) Metrics have been represented to exclude activity from discontinued operations.
(2) References to “brokerage” in these metrics refer to activity on our domestic platforms and do not include brokerage activity from our
international local brokerage accounts.
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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