eTrade 2006 Annual Report Download - page 115
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Assuming no future impairments of these assets or additional acquisitions, annual amortization expense will
be as follows (dollars in thousands):
Years ending December 31,
2007 $ 40,251
2008 35,581
2009 31,252
2010 29,123
2011 27,981
Thereafter 307,745
Total future amortization expense $471,933
Amortization of other intangibles was $46.2 million, $43.8 million and $19.4 million for the years ended
December 31, 2006, 2005 and 2004, respectively.
NOTE 13—OTHER ASSETS
Other assets consist of the following (dollars in thousands):
December 31,
2006 2005
Third party loan servicing receivable $241,511 $ 85,820
Derivative assets 208,136 152,477
Accrued interest receivable 182,265 183,814
Other investments 138,006 65,189
Prepaids 41,216 26,239
Unamortized debt issue costs 26,498 36,088
Deferred compensation plan 20,584 18,419
Servicing rights 8,487 11,026
Deferred tax assets — 3,851
Other 122,374 99,045
Total other assets $989,077 $681,968
Other Investments
The Company has made investments in low income housing tax credit partnerships, venture funds and
several non-public, venture capital-backed, high technology companies. The Company recorded $1.5 million
other-than-temporary impairments for 2006 and none for 2005 and 2004, associated with these privately held
equity investments. These impairments are recorded in gain on sales and impairment of investments in the
consolidated statements of income. The Company has $35.0 million in commitments to fund low income housing
tax credit partnerships, venture funds and joint ventures.
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