eTrade 2008 Annual Report Download - page 95

E*TRADE FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY—(Continued)
(In thousands)
Common Stock Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Total
Shareholders’
EquityShares Amount
Balance, December 31, 2007 460,898 $4,609 $3,463,220 $(247,368) $(391,396) $2,829,065
Cumulative effect of adoption of
SFAS No. 156 — — — 285 — 285
Cumulative effect of adoption of
SFAS No. 159 — — — (86,894) 86,894 —
Adjusted balance 460,898 4,609 3,463,220 (333,977) (304,502) 2,829,350
Net loss — — — (511,790) — (511,790)
Other comprehensive loss — — — — (328,152) (328,152)
Issuance of common stock related
to the Citadel Investment(1) 46,685 — — — — —
Exchange of debt for common
stock(2) 52,094 521 554,656 — — 555,177
Exercise of stock options and
purchase plans, including tax
benefit 633 6 (7,401) — — (7,395)
Issuance of restricted stock 1,953 20 (20) — — —
Cancellation of restricted stock (556) (6) 6 — — —
Retirement of restricted stock to
pay taxes (933) (9) (2,234) — — (2,243)
Amortization of deferred share-
based compensation to APIC
under SFAS No. 123(R) — — 42,426 — — 42,426
Additional purchase
consideration(3) 2,749 27 9,405 — — 9,432
Other — 467 4,224 — — 4,691
Balance, December 31, 2008 563,523 $5,635 $4,064,282 $(845,767) $(632,654) $2,591,496
(1) Common stock includes 46.7 million shares of common stock that were issued in 2008 in connection with the Citadel investment. The
proceeds received on November 29, 2007 related to the transaction were included in additional paid-in capital for the year ended of
December 31, 2007.
(2) Common stock includes 27.1 million shares of common stock issued in exchange of the Senior Notes and 25.0 million shares issued in
retirement of the Mandatory Convertible Notes.
(3) Amounts represent additional contingent consideration issued in connection with prior acquisitions.
See accompanying notes to consolidated financial statements
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