E*TRADE Financial Corporation (ETFC) financial statements (2021 and earlier)

Company profile

Business Address BALLSTON TOWER
ARLINGTON, VA 22203
State of Incorp. DE
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4361,1057504933805232,333
Cash and cash equivalents4361,1057504933805232,333
Total current assets:4361,1057504933805232,333
Noncurrent Assets
Operating lease, right-of-use asset  195211206 
Property, plant and equipment356339339338325308281
Intangible assets, net (including goodwill)2,9142,9282,9432,9312,9462,9612,976
Goodwill2,5092,5092,5102,4852,4852,4852,485
Intangible assets, net (excluding goodwill)405419433446461476491
Total noncurrent assets:3,2703,2673,4773,4803,4773,2693,257
Other undisclosed assets66,66563,48457,18957,73457,73363,72659,413
TOTAL ASSETS:70,37167,85661,41661,70761,59067,51865,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned1,4096968381,0281,0981,109887
Total current liabilities:1,4096968381,0281,0981,109887
Noncurrent Liabilities
Other undisclosed liabilities62,14260,64154,03554,11053,62259,62757,554
Total liabilities:63,55161,33754,87355,13854,72060,73658,441
Stockholders' equity
Stockholders' equity attributable to parent6,8206,5196,5436,5696,8706,7826,562
Preferred stock689689689689689689689
Common stock2222222
Additional paid in capital4,3284,3184,4164,5785,1335,3425,462
Accumulated other comprehensive loss(42)(168)(28)(24)(58)(170)(275)
Retained earnings1,8431,6781,4641,3241,104919684
Total stockholders' equity:6,8206,5196,5436,5696,8706,7826,562
TOTAL LIABILITIES AND EQUITY:70,37167,85661,41661,70761,59067,51865,003

Income statement (P&L) ($ in millions)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Revenues716707679767685755735
Net investment income409443475521560555 
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (6)     
Gross profit:716701679767685755735
Operating expenses(183)(175)(185)(146)(150)(138)(240)
Operating income:533526494621535617495
Interest and debt expense(21)(43)(60)(66)(70)(63) 
Income from continuing operations before equity method investments, income taxes:512483434555465554495
Other undisclosed loss from continuing operations before income taxes(248)(227)(182)(175)(170)(162)(130)
Income from continuing operations before income taxes:264256252380295392365
Income tax expense(68)(75)(80)(106)(76)(102)(95)
Net income attributable to parent:196181172274219290270
Preferred stock dividends and other adjustments (20) (20) (20) 
Net income available to common stockholders, diluted:196161172254219270270

Comprehensive Income ($ in millions)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Net income:196181172274219290270
Other comprehensive income (loss)126(140)(4)3411210554
Comprehensive income, net of tax, attributable to parent:32241168308331395324

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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