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Table of Contents
Index to Financial Statements
E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
See accompanying notes to consolidated financial statements.
61
Preferred Stock
Shares Exchangeable into
Common Stock
Common Stock
Additional
Paid-in-
Capital
Shareholders’
Notes
Receivable
Deferred Stock
Compensation
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
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 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