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Table of Contents
Index to Financial Statements
E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY—(Continued)
(in thousands)
Preferred
Stock
Shares Exchangeable
into Common Stock
Common Stock
Additional
Paid-in-
Capital
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
)
Other comprehensive
loss
(34,080
)
(34,080
)
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
Net income
203,027
203,027
Other comprehensive
income
141,480
141,480
Exercise of stock
options and
warrants,
including tax
benefit
8,543
85
58,917
59,002
Employee stock
purchase plan
1,572
16
5,908
5,924
Adjustment related to
change in
original option