eTrade 2005 Annual Report Download - page 105

Table of Contents
E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
December31,
2005
2004
ASSETS
Cash and equivalents
$
844,188
$
939,906
Cash and investments required to be segregated under Federal or other regulations
610,174
724,026
Brokerage receivables, net
7,174,175
3,034,548
Trading securities
146,657
593,245
Available-for-sale mortgage-backed and investment securities (includes securities pledged to creditors with the right to sell or repledge of
$11,792,684 at December31, 2005 and $10,113,049 at December31, 2004)
12,564,738
12,543,818
Loans receivable (net of allowance for loan losses of $63,286 at December31, 2005 and $47,681 at December31, 2004)
19,424,895
11,505,755
Loans held-for-sale, net
87,371
279,280
Property and equipment, net
299,256
302,291
Derivative assets
152,477
115,867
Accrued interest receivable
183,814
117,131
Investment in Federal Home Loan Bank stock
198,700
92,005
Goodwill
2,003,456
395,043
Other intangibles, net
532,108
134,121
Other assets
345,677
255,547
Total assets
$
44,567,686
$
31,032,583
LIABILITIES AND SHAREHOLDERS’ EQUITY
Brokerage payables
$
7,315,659
$
3,618,892
Deposits
15,948,015
12,302,974
Securities sold under agreements to repurchase
11,101,542
9,897,191
Other borrowings by Bank subsidiary
4,166,592
1,760,732
Derivative liabilities
38,072
52,208
Senior notes
1,401,947
400,452
Mandatory convertible notes
435,589
—
Convertible subordinated notes
185,165
185,165
Accounts payable, accrued and other liabilities
575,545
586,767
Total liabilities
41,168,126
28,804,381
Shareholders’ equity:
Preferred stock, shares authorized: 1,000,000; issued and outstanding: none at December31, 2005 and 2004
—
—
Shares exchangeable into common stock, $0.01 par value, shares authorized: 10,644,223; issued and outstanding: None at December31,
2005 and 1,302,801 at December31, 2004
—
13
Common stock, $0.01 par value, shares authorized: 600,000,000; issued and outstanding: 416,582,164 at December31, 2005 and
369,623,604 at December31, 2004
4,166
3,696
Additional paid-in capital
2,990,676
2,234,093
Deferred stock compensation
—
(18,419
)
Retained earnings
580,430
150,018
Accumulated other comprehensive loss
(175,712
)
(141,199
)
Total shareholders’ equity
3,399,560
2,228,202
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