E*TRADE Financial Corporation (ETFC) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7504933805232,333596
Cash and cash equivalents7504933805232,333596
Total current assets:7504933805232,333596
Noncurrent Assets
Operating lease, right-of-use asset195211206 
Property, plant and equipment339338325308281261
Intangible assets, net (including goodwill)2,9432,9312,9462,9612,9762,876
Goodwill2,5102,4852,4852,4852,4852,485
Intangible assets, net (excluding goodwill)433446461476491391
Total noncurrent assets:3,4773,4803,4773,2693,2573,137
Other undisclosed assets57,18957,73457,73363,72659,41360,973
TOTAL ASSETS:61,41661,70761,59067,51865,00364,706
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned8381,0281,0981,1098871,794
Total current liabilities:8381,0281,0981,1098871,794
Noncurrent Liabilities
Other undisclosed liabilities54,03554,11053,62259,62757,55456,146
Total liabilities:54,87355,13854,72060,73658,44157,940
Stockholders' equity
Stockholders' equity attributable to parent6,5436,5696,8706,7826,5626,766
Preferred stock689689689689689689
Common stock222223
Additional paid in capital4,4164,5785,1335,3425,4625,953
Accumulated other comprehensive loss(28)(24)(58)(170)(275)(329)
Retained earnings1,4641,3241,104919684450
Total stockholders' equity:6,5436,5696,8706,7826,5626,766
TOTAL LIABILITIES AND EQUITY:61,41661,70761,59067,51865,00364,706

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net investment income475521560555 514
Brokerage commissions revenue     117
Gross profit:679767685755735720
Operating expenses(185)(146)(150)(138)(240)(114)
Operating income:494621535617495606
Interest and debt expense(60)(66)(70)(63) (4)
Income from continuing operations before equity method investments, income taxes:434555465554495602
Other undisclosed loss from continuing operations before income taxes(182)(175)(170)(162)(130)(228)
Income from continuing operations before income taxes:252380295392365374
Income tax expense(80)(106)(76)(102)(95)(89)
Net income attributable to parent:172274219290270285
Preferred stock dividends and other adjustments (20) (20) (24)
Net income available to common stockholders, diluted:172254219270270261

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income:172274219290270285
Other comprehensive income (loss)(4)3411210554(94)
Comprehensive income, net of tax, attributable to parent:168308331395324191

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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