eTrade 2002 Annual Report Download - page 100

Table of Contents
Index to Financial Statements
E*TRADE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—(Continued)
(in thousands)
YearEnded December31,
2002 YearEnded December31, 2001 ThreeMonths Ended December 31, 2000 Year Ended September30, 2000
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in banking deposits, net of deposits received in business
acquisition $ 317,474 $ 2,332,650 $ 947,749 $ 2,418,274
Advances from the Federal Home Loan Bank 2,068,945 2,296,476 2,483,500 4,704,500
Payments on advances from the Federal Home Loan Bank (1,664,945 )
(3,127,176 ) (2,383,500 ) (3,544,500 )
Net increase in securities sold under agreements to repurchase 2,728,774 368,634 998,353 1,103,525
Proceeds from bank loans and lines of credit, net of transaction costs 18,500 4,381 18,000 177,037
Payments on bank loans and lines of credit (23,283 )
(34,813 ) (1,367 ) (154,802 )
Net proceeds from convertible subordinated notes — 315,250 — 631,312
Repurchase of convertible subordinated notes — (15,283 )
— —
Proceeds from issuance of common stock from employee stock transactions 13,746 29,663 3,206 20,117
Repayment of capital lease obligations (14,431 )
(14,086 ) (3,039 ) —
Issuance of loans to related parties (11,299 )
(7,152 ) (30,500 ) —
Proceeds from repayments of principal and prepayments of interest on
loans to related parties 14,013 13,195 — —
Purchases of treasury stock (43,481 )
(239,080 ) — —
Collection on shareholders’ notes receivable 3,073 1,048 — —
Issuance of shareholders’ notes receivable — (12,500 )
— —
Proceeds from issuance of trust preferred securities 73,836 38,856 — —
Net cash purchases of financial derivative instruments, net of sales (120,297 )
(65,735 ) — —
Other (25,264 )
4,881 (189 ) (13,435 )
Net cash provided by financing activities 3,335,361 1,889,209 2,032,213 5,342,028
INCREASE (DECREASE) IN CASH AND EQUIVALENTS (62,596 )
379,323 23,501 166,304
CASH AND EQUIVALENTS, Beginning of period 836,201 456,878 433,377 267,073
CASH AND EQUIVALENTS, End of period $ 773,605 $ 836,201 $ 456,878 $ 433,377
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest $ 621,140 $ 847,989 $ 186,742 $ 608,232
Cash paid for income taxes $ 6,111 $ 1,457 $ 9,982 $ 4,037
Non-cash investing and financing activities:
Tax benefit on exercise of stock options and warrants $ 3,145 $ 9,002 $ 1,828 $ 32,276
Transfers from loans to other real estate owned and repossessed assets $ 38,897 $ 3,567 $ 349 —
Reclassification of loans held-for-investment to loans held-for-sale $ 2,707,844 $ — $ — $ —
Issuance of shares in exchange for increased ownership in E*TRADE
Japan K.K. $ 30,698 $ — $ — $ —
Notes receivable repaid with common stock $ 28,790 $ — $ — $ —
Issuance of common stock to retire debentures $ 55,348 $ 137,095 $ — $ —
Acquisitions, net of cash acquired:
2003. EDGAR Online, Inc.