eTrade 2011 Annual Report Download - page 30
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ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(Dollars in millions, shares in thousands, except per share amounts):
Year Ended December 31, Variance
2011 2010 2009 2008 2007 2011 vs. 2010
Results of Operations:(1)
Net operating interest income $ 1,220.0 $ 1,226.3 $ 1,260.6 $1,268.0 $ 1,583.6 (1)%
Total net revenue $ 2,036.6 $ 2,077.9 $ 2,217.0 $1,925.6 $ 161.7 (2)%
Provision for loan losses $ 440.6 $ 779.4 $ 1,498.1 $1,583.7 $ 640.1 (43)%
Income (loss) from continuing
operations $ 156.7 $ (28.5) $(1,297.8) $ (809.4) $(1,442.3) *
Net income (loss) $ 156.7 $ (28.5) $(1,297.8) $ (511.8) $(1,441.8) *
Basic earnings (loss) per share
from continuing operations $ 0.59 $ (0.13) $ (11.85) $ (15.88) $ (33.98) *
Diluted earnings (loss) per share
from continuing operations $ 0.54 $ (0.13) $ (11.85) $ (15.88) $ (33.98) *
Basic net earnings (loss) per share $ 0.59 $ (0.13) $ (11.85) $ (10.04) $ (33.97) *
Diluted net earnings (loss) per
share $ 0.54 $ (0.13) $ (11.85) $ (10.04) $ (33.97) *
Weighted average shares—
basic 267,291 211,302 109,544 50,986 42,444 26%
Weighted average shares—
diluted 289,822 211,302 109,544 50,986 42,444 37%
* Percentage not meaningful.
(1) In 2008, the Company sold its Canadian brokerage business and exited its direct retail lending business.
(Dollars in millions):
December 31, Variance
2011 2010 2009 2008 2007 2011 vs. 2010
Financial Condition:
Available-for-sale securities $15,651.5 $14,805.7 $13,319.7 $10,806.1 $11,255.0 6%
Held-to-maturity securities $ 6,079.5 $ 2,462.7 $ — $ — $ — 147%
Margin receivables $ 4,826.3 $ 5,120.6 $ 3,827.2 $ 2,791.2 $ 7,179.2 (6)%
Loans receivable, net $12,332.8 $15,121.9 $19,167.1 $24,451.8 $30,038.8 (18)%
Total assets $47,940.5 $46,373.0 $47,366.5 $48,538.2 $56,845.9 3%
Deposits $26,460.0 $25,240.3 $25,597.7 $26,136.2 $25,884.8 5%
Corporate debt
Interest-bearing $ 1,450.5 $ 1,441.9 $ 1,437.8 $ 2,750.5 $ 3,022.7 1%
Non-interest-bearing $ 43.0 $ 704.0 $ 1,020.9 $ — $ — (94)%
Shareholders’ equity $ 4,928.0 $ 4,052.4 $ 3,749.6 $ 2,591.5 $ 2,829.1 22%
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