eTrade 2008 Annual Report Download - page 92

E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(In thousands, except share amounts)
December 31,
2008 2007
ASSETS
Cash and equivalents $ 3,853,849 $ 1,778,244
Cash and investments required to be segregated under federal or other regulations 1,141,598 334,831
Trading securities 55,481 130,018
Available-for-sale mortgage-backed and investment securities (includes securities
pledged to creditors with the right to sell or repledge of $8,398,346 and
$10,074,082 at December 31, 2008 and 2007, respectively) 10,806,094 11,255,048
Margin receivables 2,791,168 7,179,175
Loans, net (net of allowance for loan losses of $1,080,611 and $508,164 at
December 31, 2008 and 2007, respectively) 24,451,852 30,139,382
Investment in FHLB stock 200,892 338,585
Property and equipment, net 319,222 355,433
Goodwill 1,938,325 1,933,368
Other intangibles, net 386,130 430,007
Other assets 2,593,604 2,971,846
Total assets $48,538,215 $56,845,937
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits $26,136,246 $25,884,755
Securities sold under agreements to repurchase 7,381,279 8,932,693
Customer payables 3,753,332 5,514,675
Other borrowings 4,353,777 7,446,504
Corporate debt 2,750,532 3,022,698
Accounts payable, accrued and other liabilities 1,571,553 3,215,547
Total liabilities 45,946,719 54,016,872
Commitments and contingencies (see Note 23)
Shareholders’ equity:
Common stock, $0.01 par value, shares authorized:1,200,000,000 and 600,000,000
at December 31, 2008 and 2007, respectively; shares issued and outstanding:
563,523,086 and 460,897,875 at December 31, 2008 and 2007, respectively 5,635 4,609
Additional paid-in capital (“APIC”) 4,064,282 3,463,220
Accumulated deficit (845,767) (247,368)
Accumulated other comprehensive loss (632,654) (391,396)
Total shareholders’ equity 2,591,496 2,829,065
Total liabilities and shareholders’ equity $48,538,215 $56,845,937
See accompanying notes to consolidated financial statements
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