eTrade 2006 Annual Report Download - page 83

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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS—(Continued)
(In thousands)
Year Ended December 31,
2006 2005 2004
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits $ 8,095,971 $ 3,668,914 $ (202,544)
Advances from other long-term borrowings 5,978,100 19,638,000 7,064,500
Payments on advances from other long-term borrowings (4,969,100) (17,267,000) (6,472,753)
Net increase (decrease) in securities sold under agreements to
repurchase (1,317,025) 1,181,832 4,603,641
Net increase (decrease) in other borrowed funds 26,469 (12,151) (64,215)
Payments for redemption of convertible notes (1,754) — (428,902)
Proceeds from issuance of senior notes — 992,064 394,000
Proceeds from issuance of mandatory convertible notes — 436,500 —
Proceeds from issuance of common stock from employee stock
transactions 52,718 61,351 43,974
Proceeds from issuance of common stock upon acquisitions — 691,783 —
Tax benefit from tax deductions in excess of compensation expense
recognition 30,166 24,530 22,441
Repurchases of common stock (122,601) (58,215) (175,776)
Proceeds from issuance of subordinated debentures and trust
preferred securities 79,900 50,000 75,630
Payments on trust preferred securities — — (23,375)
Net cash flow from derivative hedging liabilities 56,156 45,056 (159,591)
Other — (490) 25
Net cash provided by financing activities 7,909,000 9,452,174 4,677,055
INCREASE (DECREASE) IN CASH AND EQUIVALENTS 368,046 (95,718) 18,542
CASH AND EQUIVALENTS, Beginning of period 844,188 939,906 921,364
CASH AND EQUIVALENTS, End of period $ 1,212,234 $ 844,188 $ 939,906
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest $ 1,348,636 $ 723,718 $ 437,714
Cash paid for income taxes $ 151,851 $ 206,494 $ 101,309
Non-cash investing and financing activities:
Transfers from loans to other real estate owned and repossessed
assets $ 56,476 $ 50,191 $ 47,080
Reclassification of loans held-for-sale to loans
held-for-investment $ 202,269 $ 178,347 $ —
Issuance of common stock to retire debentures $ 183,411 $ — $ 79,963
See accompanying notes to consolidated financial statements
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