eTrade 2002 Annual Report Download - page 98
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Table of Contents
Index to Financial Statements
E*TRADE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Year Ended
December31, 2002 Year Ended
December31, 2001 ThreeMonths Ended
December 31, 2000 YearEnded
September30, 2000
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) $ (186,405 )
$ (241,532 )
$ 1,353 $ 19,152
Non-cash items included in net income (loss):
Cumulative effect of accounting change 293,669 — 83 —
Provision for loan losses 14,664 7,476 1,647 4,003
Depreciation, amortization and discount accretion 325,980 179,126 25,041 97,638
Net realized gains on available-for-sale securities, loans held-for-sale and
trading securities (223,159 )
(166,806 )
(17,902 )
(219,274 )
Realized loss on impairment of investments 24,972 43,499 — —
Minority interest and equity in income (loss) of subsidiaries and investments (9,040 )
6,654 (51 )
13,388
Unrealized loss on venture funds 9,683 34,716 6,158 736
Noncash restructuring costs and other exit charges 11,880 96,793 — —
Executive agreement and loan settlement (23,485 )
15,000 — —
Amortization of deferred stock compensation 8,712 9,142 — —
Deferred income taxes 82,568 (19,575 )
2,688 54,964
Gain on early extinguishment of debt (8,669 )
(59,921 )
— —
Other (35,370 )
(6,741 )
(29,634 )
2,983
Net effect of changes in brokerage-related assets and liabilities:
Cash and investments required to be segregated under Federal or other
regulations (675,514 )
(629,555 )
4,793 42,470
Brokerage receivables 646,240 2,540,569 1,903,683 (3,562,795 )
Brokerage payables 132,270 (1,585,645 )
(1,831,219 )
3,107,026
Net effect of changes in banking-related assets and liabilities:
Proceeds from sales, repayments and maturities of loans held-for-sale 12,794,746 5,713,797 553,179 141,207
Purchases of loans held-for-sale (10,261,694 )
(6,318,696 )
(5,697 )
(128,607 )
Proceeds from sales, repayments and maturities of trading securities 12,892,384 4,768,073 6,236 1,599,539
Purchases of trading securities (13,246,949 )
(4,639,368 )
(555,218 )
(1,565,989 )
Accrued interest receivable and payable, net (8,452 )
(41,765 )
85,298 116,951
Other changes, net:
Other assets (325,223 )
48,503 (62,923 )
(61,333 )
Accounts payable, accrued and other liabilities 11,236 (68,805 )
3,555 199,249
Operating cash from derivative activities (328,960 )
(29,176 )
— —
Restructuring liabilities (18,846 )
89,543 — —
Net cash provided by (used in) operating activities 1,897,238 (254,694 )
91,070 (138,692 )
2003. EDGAR Online, Inc.