eTrade 2007 Annual Report Download - page 86

E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
(In thousands)
Shares
Exchangeable into
Common Stock Common Stock Additional
Paid-in
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Loss
Total
Shareholders’
EquityShares Amount Shares Amount
Balance, December 31, 2004 1,303 $ 13 369,624 $3,696 $2,215,674 $ 150,018 $(141,199) $2,228,202
Net income — — — — — 430,412 — 430,412
Cumulative effect of accounting
change — — — — (2,777) — — (2,777)
Other comprehensive loss — — — — — — (34,513) (34,513)
Exercise of stock options and
purchase plans, including tax
benefit — — 7,779 78 77,657 — — 77,735
Issuance of common stock upon
exercise of forward contract — — — — 14,479 — — 14,479
Employee stock purchase plan — — 902 9 8,377 — — 8,386
Repurchases of common stock — — (4,548) (45) (58,170) — — (58,215)
Issuance of common stock upon
acquisition — — 1,632 17 26,634 — — 26,651
Issuance of common stock
BrownCo Financing — — 39,722 397 691,385 — — 691,782
Issuance of restricted stock — — 830 8 (8) — — —
Cancellation of restricted stock — — (516) (5) 5 — — —
Amortization of deferred stock
compensation prior to adoption
of SFAS No. 123(R), net of
cancellations and retirements — — (46) (1) 1,265 — — 1,264
Amortization of deferred share-
based compensation to APIC
under SFAS No. 123(R) — — — — 16,276 — — 16,276
Conversion of Exchangeable
Shares to common stock (1,303) (13) 1,303 13 — — — —
Other — — (100) (1) (121) — — (122)
Balance, December 31, 2005 — $— 416,582 $4,166 $2,990,676 $ 580,430 $(175,712) $3,399,560
Net income — — — — — 628,859 — 628,859
Other comprehensive loss — — — — — — (25,760) (25,760)
Exercise of stock options and
purchase plans, including tax
benefit — — 5,931 60 82,824 — — 82,884
Issuance of common stock upon
conversion of 6% convertible
debt — — 7,772 78 183,333 — — 183,411
Issuance of common stock upon
acquisition — — 847 8 19,742 — — 19,750
Repurchases of common stock — — (5,267) (53) (122,548) — — (122,601)
Issuance of restricted stock — — 640 6 (6) — — —
Cancellation of restricted stock — — (103) (1) 1 — — —
Retirement of restricted stock to
pay taxes — — (98) (1) (2,364) — — (2,365)
Amortization of deferred share-
based compensation to APIC
under SFAS No. 123(R) — — — — 32,584 — — 32,584
Other — — — — 48 — — 48
Balance, December 31, 2006 — $— 426,304 $4,263 $3,184,290 $1,209,289 $(201,472) $4,196,370
See accompanying notes to consolidated financial statements
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