eTrade 2012 Annual Report Download - page 176

NOTE 21—CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)
The following presents the Parent’s condensed statement of comprehensive income (loss), balance sheet and
statement of cash flows:
CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
Year Ended December 31,
2012 2011 2010
Dividends from subsidiaries $ 99,432 $ 160,452 $ 157,810
Other revenues 269,943 271,607 254,016
Total net revenue 369,375 432,059 411,826
Total operating expense 339,472 375,083 353,839
Income before other income (expense), income tax benefit, and equity in
income of consolidated subsidiaries 29,903 56,976 57,987
Total other income (expense) (433,796) (175,792) (157,705)
Loss before income tax benefit and equity in income of consolidated
subsidiaries (403,893) (118,816) (99,718)
Income tax benefit (188,316) (121,141) (64,109)
Equity in undistributed income of subsidiaries 102,994 154,376 7,137
Net income (loss) (112,583) 156,701 (28,472)
Other comprehensive income (loss) 76,701 52,011 (34,510)
Comprehensive income (loss) $ (35,882) $ 208,712 $ (62,982)
CONDENSED BALANCE SHEET
(In thousands)
December 31,
2012 2011
ASSETS
Cash and equivalents $ 399,624 $ 478,410
Property and equipment, net 142,333 148,184
Investment in consolidated subsidiaries 5,558,742 5,347,942
Receivable from subsidiaries 7,984 40,906
Other assets 719,765 737,491
Total assets $6,828,448 $6,752,933
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Corporate debt $1,764,982 $1,493,552
Other liabilities 158,996 331,431
Total liabilities 1,923,978 1,824,983
Total shareholders’ equity 4,904,470 4,927,950
Total liabilities and shareholders’ equity $6,828,448 $6,752,933
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