eTrade 2012 Annual Report Download - page 158

Future Maturities of Corporate Debt
Scheduled principal payments of corporate debt as of December 31, 2012 were as follows (dollars in
thousands):
Years ending December 31,
2013 $ —
2014 —
2015 —
2016 435,000
2017 505,000
Thereafter 842,657
Total future principal payments of corporate debt 1,782,657
Unamortized discount (17,675)
Total corporate debt $1,764,982
NOTE 13—OTHER LIABILITIES
Other liabilities consisted of the following at December 31, 2012 and 2011 (dollars in thousands):
December 31,
2012 2011
Deposits received for securities loaned $ 735,720 $ 505,548
Derivative liabilities 328,504 358,203
Income tax-related liabilities 219,040 347,579
Accounts payable, accrued expenses and other 203,192 335,631
Other payables to brokers, dealers and clearing organizations 143,180 135,094
Subserviced loan advances 14,600 33,618
Total other liabilities $1,644,236 $1,715,673
NOTE 14—INCOME TAXES
The components of income tax expense (benefit) for the years ended December 31, 2012, 2011 and 2010
were as follows (dollars in thousands):
Year Ended December 31,
2012 2011 2010
Current:
Federal $ — $ (2,645) $ (17,393)
State 2,428 15,651 6,092
Foreign 163 523 448
Total current 2,591 13,529 (10,853)
Deferred:
Federal (136,877) 8,136 (24,589)
State (199) (241) (61,578)
Foreign — — (32)
Total deferred (137,076) 7,895 (86,199)
Non-current tax expense 116,104 7,205 122,383
Income tax expense (benefit) $ (18,381) $28,629 $ 25,331
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