eTrade 2010 Annual Report Download - page 150
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NOTE 15—OTHER LIABILITIES
Other liabilities consist of the following (dollars in thousands):
December 31,
2010 2009
Deposits received for securities loaned $ 570,691 $ 438,566
Income tax-related liabilities 171,411 41,440
Other payables to brokers, dealers and clearing organizations 157,031 161,484
Accounts payable and accrued expenses 144,390 148,704
Subserviced loan advances 114,232 135,693
Derivative liabilities 106,863 143,602
Other 29,711 67,996
Total other liabilities $1,294,329 $1,137,485
NOTE 16—INCOME TAXES
The components of income tax expense (benefit) are as follows (dollars in thousands):
Year Ended December 31,
2010 2009 2008
Current:
Federal $ (17,393) $ (58,042) $ (8,773)
State 6,092 6,049 (2,383)
Foreign 448 24 2,379
Tax expense (benefit) recognized for uncertainties 122,383 2,989 (14,000)
Total current 111,530 (48,980) (22,777)
Deferred:
Federal (24,589) (448,903) (404,217)
State (61,578) (39,993) (43,774)
Foreign (32) 207 1,233
Total deferred (86,199) (488,689) (446,758)
Income tax expense (benefit) $ 25,331 $(537,669) $(469,535)
The components of loss before income tax expense (benefit) and discontinued operations are as follows
(dollars in thousands):
Year Ended December 31,
2010 2009 2008
Domestic $ 7,426 $(1,771,693) $(1,274,987)
Foreign (10,567) (63,738) (3,932)
Loss before income tax expense (benefit) and
discontinued operations $ (3,141) $(1,835,431) $(1,278,919)
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