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Table of Contents
Index to Financial Statements
Geographic Information
The Company operates in both U.S. and international markets. The Company’s international operations are conducted through offices in
Europe, Japan, Canada and South East Asia. The following information provides a reasonable representation of each region’s contribution to
the consolidated amounts (in thousands):
No single customer accounted for greater than 10% of gross revenues for 2004, 2003 and 2002.
NOTE 30—CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY)
United
States
Europe
South
East Asia
Rest of
World
(1)
Total
Net revenues:
Year ended December 31, 2004
$
1,355,298
$
89,979
$
32,360
$
50,349
$
1,527,986
Year ended December 31, 2003
$
1,316,857
$
67,815
$
10,384
$
43,743
$
1,438,799
Year ended December 31, 2002
$
1,185,672
$
56,554
$
6,696
$
38,283
$
1,287,205
Long
-
lived assets:
At December 31, 2004
$
286,183
$
7,699
$
728
$
7,681
$
302,291
At December 31, 2003
$
269,457
$
7,442
$
1,537
$
8,661
$
287,097
(1)
Comprised primarily of Canada
The following presents the Parent’s condensed balance sheets, statements of operations and cash flows:
BALANCE SHEETS
(in thousands)
125
December 31,
2004
2003
ASSETS
Cash and equivalents
$
69,007
$
82,565
Property and equipment, net
199,706
186,412
Investments
49,530
40,669
Equity in net assets of bank subsidiary
1,246,259
1,021,430
Equity in net assets of other consolidated subsidiaries
1,402,645
1,367,778
Receivable from subsidiaries
3,382
87,799
Other assets
41,709
76,350
Total assets
$
3,012,238
$
2,863,003
LIABILITIES AND SHAREHOLDERS’ EQUITY
Convertible subordinated notes
$
185,165
$
695,330
Senior notes
400,452
—
Other liabilities
198,419
249,380
Payable to subsidiaries
—
—
Shareholders
’
equity
2,228,202
1,918,293
Total liabilities and shareholders
’
equity
$
3,012,238
$
2,863,003