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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7502,3339311,9502,2331,783
Cash and cash equivalents7502,3339311,9502,2331,783
Total current assets:7502,3339311,9502,2331,783
Noncurrent Assets
Operating lease, right-of-use asset195
Property, plant and equipment339281253239236245
Intangible assets, net (including goodwill)2,9432,9762,6542,6901,9661,986
Goodwill2,5102,4852,3702,3701,7921,792
Intangible assets, net (excluding goodwill)433491284320174194
Amortization method qualified affordable housing project investments    35
Total noncurrent assets:3,4773,2572,9072,9292,2372,231
Other undisclosed assets57,18959,41359,52744,12040,95741,516
TOTAL ASSETS:61,41665,00363,36548,99945,42745,530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    823,672
Securities loaned8388871,3739261,5351,649
Total current liabilities:8388871,3739261,6175,321
Noncurrent Liabilities
Other undisclosed liabilities54,03557,55455,06141,80138,01134,834
Total liabilities:54,87358,44156,43442,72739,62840,155
Stockholders' equity
Stockholders' equity attributable to parent6,5436,5626,9316,2725,7995,375
Preferred stock689689689394  
Common stock223333
Additional paid in capital4,4165,4626,5826,9217,3567,350
Accumulated other comprehensive loss(28)(275)(26)(137)(99)(249)
Retained earnings (accumulated deficit)1,464684(317)(909)(1,461)(1,729)
Total stockholders' equity:6,5436,5626,9316,2725,7995,375
TOTAL LIABILITIES AND EQUITY:61,41665,00363,36548,99945,42745,530

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,8862,8732,3661,9411,4282,176
Net investment income2,1112,0091,5711,2331,2151,706
Financial services revenue441442426470
Cost of revenue
(Financial Services Costs)
     (36)
Gross profit:2,8862,8732,3661,9411,4282,140
Operating expenses(619)(591)(983)(874)(820)(766)
Other operating income, net
(Noninterest Income, Other Operating Income)
     38
Other undisclosed operating loss    (347)(779)
Operating income:2,2672,2821,3831,067261633
Nonoperating expense    (170)(181)
Investment income, nonoperating    3836
Interest and debt expense(259)(4)(58)(85)(112)(211)
Income (loss) from continuing operations before equity method investments, income taxes:2,0082,2781,325982(21)241
Income from equity method investments     3
Other undisclosed income (loss) from continuing operations before income taxes(689)(860)(261)(144)112208
Income from continuing operations before income taxes:1,3191,4181,06483891452
Income tax expense (benefit)(364)(366)(450)(286)177(159)
Net income attributable to parent:9551,052614552268293
Preferred stock dividends and other adjustments(40)(36)(25)   
Net income available to common stockholders, diluted:9151,016589552268293

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:9551,052614552268293
Other comprehensive income (loss)247(228)111(88)  
Comprehensive income:1,202824725464268293
Other undisclosed comprehensive income, net of tax, attributable to parent   50150204
Comprehensive income, net of tax, attributable to parent:1,202824725514418497

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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