eTrade 2007 Annual Report Download - page 84
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E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(In thousands, except share amounts)
December 31,
2007 2006
ASSETS
Cash and equivalents $ 1,778,244 $ 1,212,234
Cash and investments required to be segregated under Federal or other regulations 334,831 281,622
Trading securities 130,018 178,600
Available-for-sale mortgage-backed and investment securities (includes securities
pledged to creditors with the right to sell or repledge of $10,074,082 and
$11,087,961 at December 31, 2007 and 2006, respectively) 11,255,048 13,677,771
Loans held-for-sale 100,539 283,496
Margin receivables 7,179,175 6,828,448
Loans receivable, net (net of allowance for loan losses of $508,164 and $67,628 at
December 31, 2007 and 2006, respectively) 30,038,843 26,372,697
Investment in FHLB stock 338,585 244,212
Property and equipment, net 355,433 318,389
Goodwill 1,933,368 2,072,920
Other intangibles, net 430,007 471,933
Other assets 2,971,846 1,796,981
Total assets $56,845,937 $53,739,303
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits $25,884,755 $24,071,012
Securities sold under agreements to repurchase 8,932,693 9,792,422
Customer payables 5,514,675 6,182,672
Other borrowings 7,446,504 5,323,962
Corporate debt 3,022,698 1,842,169
Accounts payable, accrued and other liabilities 3,215,547 2,330,696
Total liabilities 54,016,872 49,542,933
Shareholders’ equity:
Common stock, $0.01 par value, shares authorized: 600,000,000; shares issued and
outstanding: 460,897,875 and 426,304,136 at December 31, 2007 and 2006,
respectively 4,609 4,263
Additional paid-in capital (“APIC”) 3,463,220 3,184,290
Retained earnings (accumulated deficit) (247,368) 1,209,289
Accumulated other comprehensive loss (391,396) (201,472)
Total shareholders’ equity 2,829,065 4,196,370
Total liabilities and shareholders’ equity $56,845,937 $53,739,303
See accompanying notes to consolidated financial statements
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