eTrade 2010 Annual Report Download - page 29
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ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(Dollars in millions, shares in thousands, except per share amounts):
Year Ended December 31, Variance
2010 2009 2008 2007 2006 2010 vs. 2009
Results of Operations:(1)
Net operating interest income $ 1,226.3 $ 1,260.6 $1,268.0 $ 1,583.6 $1,385.5 (3)%
Total net revenue $ 2,077.9 $ 2,217.0 $1,925.6 $ 161.7 $2,368.6 (6)%
Provision for loan losses $ 779.4 $ 1,498.1 $1,583.7 $ 640.1 $ 45.0 (48)%
Income (loss) from continuing
operations $ (28.5) $(1,297.8) $ (809.4) $(1,442.3) $ 626.9 *
Net income (loss) $ (28.5) $(1,297.8) $ (511.8) $(1,441.8) $ 628.9 *
Basic earnings (loss) per share from
continuing operations(2) $ (0.13) $ (11.85) $ (15.88) $ (33.98) $ 14.88 *
Diluted earnings (loss) per share from
continuing operations(2) $ (0.13) $ (11.85) $ (15.88) $ (33.98) $ 14.37 *
Basic net earnings (loss) per share(2) $ (0.13) $ (11.85) $ (10.04) $ (33.97) $ 14.93 *
Diluted net earnings (loss) per share(2) $ (0.13) $ (11.85) $ (10.04) $ (33.97) $ 14.41 *
Weighted average shares—basic(2) 211,302 109,544 50,986 42,444 42,113 93%
Weighted average shares—diluted(2) 211,302 109,544 50,986 42,444 43,636 93%
* Percentage not meaningful.
(1) In 2008, the Company sold its Canadian brokerage business and exited its direct retail lending business. In 2006, the Company
completed the sale of its professional agency trading business.
(2) In 2010, the Company completed a 1-for-10 reverse stock split. All prior periods presented have been adjusted to reflect the impact of the
reverse stock split, including the impact on basic and diluted weighted-average shares.
(Dollars in millions):
December 31, Variance
2010 2009 2008 2007 2006 2010 vs. 2009
Financial Condition:
Available-for-sale securities $14,805.7 $13,319.7 $10,806.1 $11,255.0 $13,677.8 11%
Held-to-maturity securities $ 2,462.7 $ — $ — $ — $ — 100%
Margin receivables $ 5,120.6 $ 3,827.2 $ 2,791.2 $ 7,179.2 $ 6,828.4 34%
Loans, net $15,127.4 $19,174.9 $24,451.8 $30,139.4 $26,656.2 (21)%
Total assets $46,373.0 $47,366.5 $48,538.2 $56,845.9 $53,739.3 (2)%
Deposits $25,240.3 $25,597.7 $26,136.2 $25,884.8 $24,071.0 (1)%
Corporate debt
Interest-bearing $ 1,441.9 $ 1,437.8 $ 2,750.5 $ 3,022.7 $ 1,842.2 0%
Non-interest-bearing $ 704.0 $ 1,020.9 $ — $ — $ — (31)%
Shareholders’ equity $ 4,052.4 $ 3,749.6 $ 2,591.5 $ 2,829.1 $ 4,196.4 8%
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