eTrade 2009 Annual Report Download - page 26

ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(Dollars in millions, shares in thousands, except per share amounts):
Year Ended December 31, Variance
2009 2008 2007 2006 2005 2009 vs. 2008
Results of Operations:(1)
Net operating interest income $ 1,260.6 $ 1,268.0 $ 1,583.6 $ 1,385.5 $ 861.8 (1)%
Total net revenue $ 2,217.0 $ 1,925.6 $ 161.7 $ 2,368.6 $ 1,647.9 15%
Provision for loan losses $ 1,498.1 $ 1,583.7 $ 640.1 $ 45.0 $ 54.0 (5)%
Income (loss) from continuing
operations $ (1,297.8) $ (809.4) $(1,442.3) $ 626.9 $ 427.3 *
Net income (loss) $ (1,297.8) $ (511.8) $(1,441.8) $ 628.9 $ 430.4 *
Basic earnings (loss) per share from
continuing operations $ (1.18) $ (1.58) $ (3.40) $ 1.49 $ 1.15 *
Diluted earnings (loss) per share
from continuing operations $ (1.18) $ (1.58) $ (3.40) $ 1.44 $ 1.11 *
Basic net earnings (loss) per share $ (1.18) $ (1.00) $ (3.40) $ 1.49 $ 1.16 *
Diluted net earnings (loss) per share $ (1.18) $ (1.00) $ (3.40) $ 1.44 $ 1.12 *
Weighted average shares—basic 1,095,437 509,862 424,439 421,127 371,468 115%
Weighted average shares—
diluted 1,095,437 509,862 424,439 436,357 384,630 115%
* Percentage not meaningful.
(1) In 2008, the Company sold its Canadian brokerage business and exited its direct retail lending business. In 2006, the Company
completed the sale of its professional agency trading business. In 2005, the Company exited the professional proprietary business and
completed the sale of E*TRADE Consumer Finance Corporation.
23