eTrade 2000 Annual Report Download - page 70

See notes to consolidated financial statements
76
E*TRADE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Years Ended September 30,
2000 1999 1998
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) $ 19,152 $ (56,769 ) $ (402 )
Adjustments to reconcile net income(loss) to net cash provided
by (used in) operating activities:
Minority interest and equity in income/loss of subsidiaries and
investments
13,388 6,899 4,939
Depreciation, amortization and discount accretion 97,638 34,307 15,873
Net realized gains on available-for-sale securities, loans held-for-sale
and
trading securities
(219,274 ) (54,730 ) (4,105 )
Provision for loan losses 4,003 2,783 905
Deferred income taxes 54,964 (38,785 ) 352
Other 6,200 3,654 (4,090 )
Net effect of changes in brokerage-related assets and liabilities:
Cash and investments required to be segregated under Federal or
other regulations
42,470 (110,365 ) 5,012
Brokerage receivables (3,562,795 ) (1,530,608 ) (574,464 )
Brokerage payables 3,107,026 1,574,869 495,942
Net effect of changes in banking-related assets and liabilities:
Cash and investments required to be segregated under Federal or
other regulations
(2,481 ) 1,400 (2,323 )
Proceeds from sales, repayments and maturities of loans held for sale 141,207 129,189 69,762
Purchases of loans held for sale (128,607 ) (69,274 ) (2,297 )
Proceeds from sales, repayments and maturities of trading securities 1,599,539 1,286,852 616,110
Purchases of trading securities (1,565,989 ) (1,268,736 ) (623,913 )
Interest credited to deposits (140,845 ) 84,666 45,023
Other changes-net:
Other assets (61,333 ) (44,372 ) (28,076 )
Accrued interest receivable (23,894 ) (14,149 ) (7,089 )
Accounts payable, accrued and other liabilities, net of business
acquisitions
199,249 86,937 40,835
Net cash provided by (used in) operating activities (138,692 ) 23,768 47,994
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash acquired (used) in business acquisitions, net (32,490 ) — 6,847
Net increase in loans receivable, net of loans received in business
acquisition
(2,047,022 ) (1,421,628 ) (281,603 )
Restricted deposits (72,689 ) — —
Purchase of mortgage-backed securities, available-for-sale securities,
and other investments, net of securities received in business
acquisition
(10,180,722 ) (5,680,123 ) (4,557,430 )
Proceeds from sales, maturities of and principal payments on
mortgage-backed securities, available-for-sale securities, and other
investments
7,343,076 5,299,483 3,517,799
Purchases of property and equipment, net of property and equipment
received
in business acquisition
(184,449 ) (154,073 ) (39,572 )
Other (11,302 ) 13,874 (3,287 )
Net cash used in investing activities (5,185,598 ) (1,942,467 ) (1,357,246 )
CASH FLOWS FROM FINANCING ACTIVITIES:
2002. EDGAR Online, Inc.