eTrade 1999 Annual Report Download - page 46

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Years Ended September 30,
-----------------------------------
1999 1998 1997
----------- ----------- ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)........................ $ (54,438) $ 1,927 $ 19,193
Non-cash items included in net income
(loss):
Deferred income taxes.................. (39,018) 573 1,704
Depreciation and amortization.......... 32,372 13,189 4,409
Gain on sale of investments............ (49,957) -- --
Equity in losses of investments........ 9,103 -- --
Options issued to consultants.......... 2,200 -- --
Other.................................. 1,143 (4,440)
(2,334)
Net effect of changes in brokerage
related assets and liabilities:
Cash and investments required to be
segregated under Federal or other
regulations........................... (98,500) 10,001 20,499
Brokerage receivables.................. (1,547,334) (526,601)
(585,372)
Brokerage payables..................... 1,579,699 443,079 513,985
Bank loan payable...................... -- (9,400) 9,400
Other changes, net:
Other assets........................... (23,763) (9,128)
(5,570)
Accounts payable, accrued and other
liabilities........................... 82,186 53,073 17,618
----------- ----------- ---------
Net cash used in operating
activities.......................... (106,307) (27,727)
(6,468)
----------- ----------- ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment....... (130,189) (36,849)
(16,404)
Purchase of investments.................. (110,726) (32,435)
(303)
Proceeds from sale of investments........ 50,870 -- 167
Purchase of investment securities........ (4,286,523) (3,237,706)
(993,282)
Sale/maturity of investment securities... 4,598,416 2,924,167 836,888
Related party transactions............... 3,719 --
(3,147)
Acquisition of OptionsLink............... -- (3,500) --
Distributions received from equity
investment.............................. -- 4,108 658
----------- ----------- ---------
Net cash provided by (used in)
investing activities................ 125,567 (382,215)
(175,423)
----------- ----------- ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock,
net of issuance costs................... -- 399,458 188,825
Proceeds from stock purchase plan and
exercise of stock options............... 20,788 6,300 2,331
Cash dividends--ShareData/TIR............ (222) (240)
(1,399)
Redemption of mandatorily redeemable
preferred securities.................... (3,000) -- --
Other.................................... 1,132 5,059
(863)
----------- ----------- ---------
Net cash provided by financing
activities.......................... 18,698 410,577 188,894
----------- ----------- ---------
INCREASE IN CASH AND EQUIVALENTS.......... 37,958 635 7,003
2002. EDGAR Online, Inc.