eTrade 2008 Annual Report Download - page 156
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Geographic Information
The Company operates in both U.S. and international markets. The Company’s international operations are
conducted through offices in Europe and Asia. In 2008, the Company re-defined total net revenue by removing
provision for loan losses and separately stating it as its own line item, and reclassified hedge ineffectiveness
recorded in accordance with SFAS No. 133, as amended from other operating expense to the loss on loans and
securities, net line item. Results of operations from the Canadian brokerage business and direct retail lending
business have been reclassified to discontinued operations. Therefore, net revenue from these businesses has
been excluded from total net revenue. The following information provides a representation of each region’s
contribution to the consolidated amounts (dollars in thousands):
United States Europe Asia Canada Total
Total net revenue:
Year ended December 31, 2008 $1,824,310 $ 88,920 $12,366 $ — $1,925,596
Year ended December 31, 2007 $ (63,158) $162,981 $61,903 $ — $ 161,726
Year ended December 31, 2006 $2,167,373 $147,768 $53,505 $ — $2,368,646
Long-lived assets:
At December 31, 2008 $ 310,717 $ 7,356 $ 1,149 $ — $ 319,222
At December 31, 2007 $ 337,625 $ 6,212 $ 1,927 $9,669 $ 355,433
No single customer accounted for greater than 10% of gross revenues for the years ended
December 31, 2008, 2007 and 2006.
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