eTrade 2002 Annual Report Download - page 97
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Table of Contents
Index to Financial Statements
E*TRADE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY—(Continued)
(in thousands)
Preferred Stock Shares Exchangeable
into
Common Stock
Common Stock Additional Paid-in
Capital
Unearned
ESOP
Shares
Shareholders’
Notes
Receivable
Deferred
Stock
Compensation
Accumulated
Deficit
Accumulated Other
Comprehensive
Income (Loss)
Total Shareholders’
Equity
Shares Amount Shares Amount Shares Amount
Balance, December 31,
2001
— $ — 1,826 $ 18 347,592 $ 3,476 $ 2,072,701 $ — $ (32,707 ) $ (28,110 )
$ (247,087 )
$ (197,377 )
$ 1,570,914
Income before cumulative
effect of accounting change 107,264 107,264
Cumulative effect of
accounting change (293,669 )
(293,669 )
Unrealized loss on
available-for-sale securities
arising during the period
(106,457 )
(106,457 )
Plus realized loss on
available-for-sale securities
included in net loss
101,947 101,947
Decrease in unrealized
losses on cash flow hedges 10,349 10,349
Recognized losses on cash
flow hedges included in net
loss
(79,554 )
(79,554 )
Foreign currency translation 8,609 8,609
Tax benefit on other
comprehensive income items 31,026 31,026
Total comprehensive loss (220,485 )
Exercise of stock options
and warrants, including tax
benefit
2,568 26 14,811 14,837
Employee stock purchase
plan 454 4 2,449 2,453
Repurchases of common
stock (10,171 ) (102 )
(43,379 ) (43,481 )
Issuance of common stock
in exchange for retirements
of convertible subordinated
notes
6,452 64 55,284 55,348
Collection of shareholders’
notes receivable (5,021 ) (50 )
(28,740 ) 32,707 3,917
Amortization of deferred
stock compensation, net of
cancellations and retirements
(1,002 ) (10 )
(6,127 ) 8,712 2,575
Ascribed value of restricted
stock contributed to Rabbi
Trust
(3,660 )
(3,660 )
Issuance of common stock
for purchase acquisitions and
equity investments
16,973 170 123,201 123,371
Conversion of Exchangeable
Shares of EGI Canada
Corporation to common
stock
(199 ) (2 )
199 2 —
Balance, December 31,
2002
— $ — 1,627 $ 16 358,044 $ 3,580 $ 2,190,200 $ — $ — $ (23,058 )
$ (433,492 )
$ (231,457 )
$ 1,505,789
See accompanying notes to consolidated financial statements
69
2003. EDGAR Online, Inc.