eTrade 2010 Annual Report Download - page 99
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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(In thousands, except share amounts)
December 31,
2010 2009
ASSETS
Cash and equivalents $ 2,374,346 $ 3,483,238
Cash and investments required to be segregated under federal or other regulations 609,510 1,545,280
Trading securities 62,173 38,303
Available-for-sale securities (includes securities pledged to creditors with the right
to sell or repledge of $5,621,156 and $7,298,631 at December 31, 2010 and
2009, respectively) 14,805,677 13,319,712
Held-to-maturity securities (fair value of $2,422,335 and includes securities
pledged to creditors with the right to sell or repledge of $884,214 at
December 31, 2010) 2,462,710 —
Margin receivables 5,120,575 3,827,212
Loans, net (net of allowance for loan losses of $1,031,169 and $1,182,738 at
December 31, 2010 and 2009, respectively) 15,127,390 19,174,933
Investment in FHLB stock 164,381 183,863
Property and equipment, net 302,658 320,169
Goodwill 1,939,976 1,952,326
Other intangibles, net 325,403 356,404
Other assets 3,078,202 3,165,045
Total assets $46,373,001 $47,366,485
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits $25,240,297 $25,597,721
Securities sold under agreements to repurchase 5,888,249 6,441,875
Customer payables 5,020,086 5,234,199
FHLB advances and other borrowings 2,731,714 2,746,959
Corporate debt 2,145,881 2,458,691
Other liabilities 1,294,329 1,137,485
Total liabilities 42,320,556 43,616,930
Commitments and contingencies (see Note 22)
Shareholders’ equity:
Common stock, $0.01 par value, shares authorized: 400,000,000 at
December 31, 2010 and 4,000,000,000 at December 31, 2009; shares issued
and outstanding: 220,840,821 at December 31, 2010 and 189,397,099 at
December 31, 2009 2,208 1,894
Additional paid-in-capital (“APIC”) 6,640,715 6,275,157
Accumulated deficit (2,151,838) (2,123,366)
Accumulated other comprehensive loss (438,640) (404,130)
Total shareholders’ equity 4,052,445 3,749,555
Total liabilities and shareholders’ equity $46,373,001 $47,366,485
See accompanying notes to the consolidated financial statements
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