E*trade financial corporation (ETFC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Cash and equivalents

1,105

750

493

380

523

2,333

596

532

498

931

896

1,091

998

1,950

1,467

2,393

1,627

2,233

1,453

1,872

1,025

1,783

1,809

1,807

1,585

1,838

1,796

1,045

1,507

2,761

2,825

1,378

2,018

2,099

1,678

1,369

1,864

2,374

3,130

3,093

3,483

Cash segregated under federal or other regulations

5,730

1,879

1,365

948

677

1,011

856

620

472

872

696

889

1,876

1,460

2,159

1,821

2,158

1,057

143

767

849

555

608

1,215

981

1,066

738

855

318

376

1,434

761

1,411

1,275

1,205

668

319

609

636

145

1,545

Available-for-sale securities (amortized cost of $19,863 and $18,708 at March 31, 2020 and December 31, 2019, respectively)

21,440

19,501

21,020

19,714

24,971

23,153

22,864

23,810

24,835

20,679

19,173

18,890

17,769

13,892

13,493

13,895

14,005

12,589

10,680

13,866

13,841

12,388

12,516

12,837

12,766

13,592

13,281

13,060

12,676

13,443

14,925

16,152

17,496

15,651

15,013

15,032

16,124

14,805

12,687

12,905

13,319

Trading securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

100

101

107

60

58

54

49

79

83

62

60

49

38

Held-to-maturity securities (fair value of $25,926 and $22,246 at March 31, 2020 and December 31, 2019, respectively)

25,090

21,969

21,542

23,398

23,927

21,884

22,026

21,199

20,657

23,839

22,920

21,502

19,191

15,751

16,189

15,716

14,968

13,013

11,586

12,291

12,517

12,248

11,847

11,356

11,248

10,181

9,944

9,900

9,856

9,539

9,684

8,433

7,640

6,079

4,923

4,834

3,381

2,462

2,528

781

0

Margin receivables

7,251

9,675

9,859

9,930

10,267

9,560

11,184

10,955

10,515

9,071

8,535

7,773

6,906

6,731

6,552

6,824

6,336

7,398

7,933

8,139

8,220

7,675

8,117

7,340

7,346

6,353

6,188

5,970

5,748

5,804

5,608

5,804

5,285

4,826

5,167

5,661

5,707

5,120

4,559

4,777

3,827

Loans receivable, net (net of allowance for credit losses of $86 and ($17) at March 31, 2020 and December 31, 2019, respectively)

1,634

1,595

1,747

1,849

1,965

2,103

2,251

2,375

2,506

2,654

2,838

3,055

3,288

3,551

3,832

4,089

4,360

4,613

4,906

5,252

5,664

5,979

6,302

6,656

6,982

8,123

8,564

9,105

9,585

10,098

10,627

11,225

11,796

12,332

13,002

13,679

14,340

15,121

16,108

17,024

19,174

Receivables from brokers, dealers and clearing organizations

1,124

1,395

1,038

902

597

760

786

626

735

1,178

1,108

1,237

1,410

1,056

1,118

692

611

520

-

-

-

884

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

795

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

89

86

-

77

56

56

61

61

77

61

67

128

131

140

140

146

152

164

164

170

183

183

Property and equipment, net

339

339

338

325

308

281

261

259

251

253

250

245

239

239

231

231

232

236

236

238

241

245

240

227

224

237

246

261

278

288

294

297

298

299

305

301

300

302

308

309

320

Goodwill

2,509

2,510

2,485

2,485

2,485

2,485

2,485

2,485

2,370

2,400

2,370

2,370

2,370

2,370

2,370

1,792

1,792

1,792

1,792

1,792

1,792

1,792

1,792

1,792

1,792

1,792

1,791

1,791

1,934

1,934

1,934

1,934

1,934

1,934

1,934

1,934

1,934

1,939

1,939

1,928

1,952

Other intangibles, net

419

433

446

461

476

491

391

403

275

284

294

303

312

320

328

164

169

174

179

184

189

194

199

205

210

216

221

227

254

260

266

273

279

285

292

298

305

325

332

342

356

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

416

519

653

756

725

830

940

1,033

-

-

-

951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

1,215

1,370

1,374

1,198

1,322

942

1,006

1,089

1,073

1,234

879

879

867

923

735

755

745

769

2,282

2,625

2,401

836

2,312

2,257

2,453

2,821

2,713

2,710

2,643

2,710

2,518

2,702

2,931

2,960

2,804

2,971

3,071

3,083

2,804

2,806

3,165

Total assets

67,856

61,416

61,707

61,590

67,518

65,003

64,706

64,353

64,187

63,365

60,375

58,753

55,879

48,999

49,199

49,202

47,943

45,427

41,205

47,115

46,825

45,530

45,819

45,748

46,438

46,280

45,547

45,006

44,966

47,386

50,355

49,155

51,291

47,940

46,524

46,984

47,596

46,373

45,268

44,347

47,366

LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits

42,146

38,606

40,382

40,289

46,328

45,313

43,074

42,664

42,902

42,742

41,543

40,072

37,384

31,682

31,697

32,964

31,829

29,445

25,610

26,214

26,272

24,890

24,927

25,084

25,749

25,971

25,869

25,548

25,877

28,392

29,127

27,911

29,581

26,459

25,238

25,998

25,971

25,240

24,167

23,768

25,597

Customer payables

15,960

12,849

11,183

10,629

10,600

10,117

10,534

9,959

8,947

9,449

8,716

7,992

8,926

8,159

7,827

6,712

6,793

6,544

6,040

6,702

6,293

6,455

6,526

6,626

6,260

6,310

5,830

5,082

5,084

4,964

6,013

5,128

5,706

5,590

5,394

5,341

5,353

5,020

4,629

3,984

5,234

Securities sold under agreements to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,617

3,668

-

3,917

3,742

4,345

4,543

4,449

4,598

4,459

4,454

4,609

4,717

5,022

5,015

5,044

5,184

5,866

5,888

5,907

6,251

6,441

Payables to brokers, dealers and clearing organizations

776

893

1,091

1,146

1,162

948

1,845

1,666

2,892

1,542

1,392

1,473

1,288

983

1,227

1,744

1,437

1,576

-

-

-

1,699

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other borrowings

-

-

-

300

300

-

550

1,259

910

910

609

1,009

409

409

409

409

409

491

414

1,309

1,304

4,971

1,294

1,291

1,287

1,279

1,285

1,627

1,265

1,260

2,325

2,741

2,732

2,736

2,761

2,730

2,728

2,731

2,756

2,750

2,746

Corporate debt

1,411

1,410

1,410

1,410

1,409

1,409

1,408

1,408

992

991

991

992

991

994

994

993

993

997

1,023

1,023

1,025

1,366

1,771

1,770

1,769

1,768

1,767

1,766

1,765

1,764

1,505

1,501

1,497

1,493

1,489

1,543

1,868

2,145

2,145

2,150

2,458

Other liabilities

1,044

1,115

1,072

946

937

654

529

494

655

800

476

532

437

500

729

595

745

575

2,306

2,536

2,810

774

2,110

2,047

1,996

1,553

1,515

1,621

1,561

1,644

1,679

2,076

1,715

1,715

1,648

1,373

1,410

1,294

1,498

1,301

1,137

Total liabilities

61,337

54,873

55,138

54,720

60,736

58,441

57,940

57,450

57,298

56,434

53,727

52,070

49,435

42,727

42,883

43,417

42,206

39,628

35,393

41,401

41,372

40,155

40,545

40,560

41,406

41,424

40,717

40,245

40,014

42,482

45,261

44,076

46,255

43,012

41,578

42,171

43,198

42,320

41,104

40,206

43,616

Commitments and contingencies (see Note 14)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Shareholders’ equity:
Preferred stock, $0.01 par value, 1,000,000 shares authorized, 403,000 shares issued and outstanding at both March 31, 2020 and December 31, 2019, respectively; aggregate liquidation preference of $700 at both March 31, 2020 and December 31, 2019, respectively

689

689

689

689

689

689

689

689

689

689

394

394

394

394

394

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, $0.01 par value, 400,000,000 shares authorized, 221,032,420 and 222,622,333 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

2

2

2

2

2

2

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

2

2

2

2

2

2

2

2

2

2

2

2

2

2

1

Additional paid-in-capital

4,318

4,416

4,578

5,133

5,342

5,462

5,953

6,257

6,434

6,582

6,747

6,929

6,919

6,921

6,916

6,911

7,056

7,356

7,368

7,361

7,350

7,350

7,340

7,336

7,333

7,328

7,326

7,324

7,320

7,319

7,316

7,310

7,307

7,306

7,307

7,247

6,920

6,640

6,636

6,627

6,275

Retained earnings

1,678

1,464

1,324

1,104

919

684

450

189

-61

-317

-446

-581

-774

-909

-1,036

-1,175

-1,308

-1,461

-1,550

-1,397

-1,689

-1,729

-1,770

-1,856

-1,925

-2,022

-2,079

-2,126

-2,072

-2,107

-1,921

-1,893

-1,932

-1,995

-1,988

-2,059

-2,106

-2,151

-2,127

-2,136

-2,123

Accumulated other comprehensive loss

-168

-28

-24

-58

-170

-275

-329

-235

-176

-26

-50

-62

-98

-137

39

46

-14

-99

-9

-253

-211

-249

-299

-295

-379

-453

-420

-439

-298

-309

-303

-340

-341

-386

-375

-378

-418

-438

-346

-352

-404

Total shareholders’ equity

6,519

6,543

6,569

6,870

6,782

6,562

6,766

6,903

6,889

6,931

6,648

6,683

6,444

6,272

6,316

5,785

5,737

5,799

5,812

5,714

5,453

5,375

5,274

5,188

5,032

4,856

4,829

4,760

4,951

4,904

5,093

5,079

5,035

4,927

4,946

4,812

4,397

4,052

4,164

4,140

3,749

Total liabilities and shareholders’ equity

67,856

61,416

61,707

61,590

67,518

65,003

64,706

64,353

64,187

63,365

60,375

58,753

55,879

48,999

49,199

49,202

47,943

45,427

41,205

47,115

46,825

45,530

45,819

45,748

46,438

46,280

45,547

45,006

44,966

47,386

50,355

49,155

51,291

47,940

46,524

46,984

47,596

46,373

45,268

44,347

47,366