E*TRADE Financial Corporation ETFC Cash Flow

E*trade financial corporation (ETFC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
181	172	274	219	290	270	285	250	247	129	147	193	145	127	139	133	153	89	-153	292	40	41	86	69	97	58	47	-54	35	-186	-28	39	62	-6	70	47	45	-24	8	35	-47
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (benefit) for credit losses
6	-19	-12	-8	-12	-12	-34	-19	-21	-26	-29	-99	-14	-18	-62	-35	-34	-23	-25	3	5	10	10	12	4	17	37	46	43	74	141	67	71	123	98	103	116	193	151	165	267
Depreciation and amortization (including amortization and accretion on investment securities)
57	57	56	58	54	52	63	64	65	70	68	63	61	65	62	59	53	54	85	97	89	86	86	80	79	84	96	101	114	108	107	100	92	90	85	82	82	86	86	79	86
Gains on securities and other, net
20	14	16	-64	11	11	17	15	10	5	6	7	10	8	14	10	10	9	-358	10	15	9	8	7	15	15	11	20	15	55	76	19	31	29	21	28	26	32	41	36	20
Equity in income of investments and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	3	-	0	1	4	-0	-0	2	-0	-1	0	0	-0	-2	-0	0	1
Losses on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-32	0	-5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
8	15	12	13	13	11	13	12	10	9	11	11	10	9	7	6	8	11	6	10	7	6	5	5	8	0	5	6	9	3	8	4	4	4	3	2	4	7	4	4	9
Deferred tax expense
-11	39	62	51	93	86	83	92	78	162	96	111	81	85	76	72	42	66	-93	-170	21	27	42	50	36	47	34	8	18	-316	103	142	-66	-15	-48	35	36	-108	18	19	-15
Other
-11	16	4	-8	3	8	5	4	1	-2	-2	1	-4	-1	-8	0	4	1	2	-1	-1	-	-	-	-	-	-	-	-	-0	1	-2	1	-0	-3	0	7	1	4	-6	-7
Net effect of changes in assets and liabilities:
Decrease (increase) in cash required to be segregated under federal or other regulations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	337	-337	1,101	914	-624	-82	294	-53	-607	234	-85	328	-117	536	-58	-1,057	672	-650	136	70	537	-231	289	-1,622	-485	1,837	-553
Decrease in receivables from brokers, dealers and clearing organizations
-271	357	136	305	-163	-26	160	-109	-443	71	-126	-165	354	-63	419	81	91	-11	-143	-30	-180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in margin receivables
-2,424	-184	-71	-337	707	-1,624	229	440	1,444	536	762	867	175	179	-272	488	-1,062	-535	-206	-81	545	-442	777	-6	993	164	219	221	-55	196	-196	518	459	-341	-493	1,127	-587	2,170	231	-873	-161
Originations of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	99	92	95	51	22	28	27	36	39	33	28
Net increase in trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-5	47	1	4	5	-30	-13	21	-	-	-	-
Proceeds from sales, repayments and maturities of trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	562	75
Purchases of trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	565	84
Increase in other assets
103	15	-42	48	183	190	59	-41	-367	33	-6	35	-13	30	-27	-5	5	34	-35	5	18	48	75	55	-46	45	5	-163	-102	-85	31	-85	-126	228	-261	42	-42	-51	-14	-341	38
(Decrease) increase in payables to brokers, dealers and clearing organizations
-117	-198	-55	-16	214	-897	179	-1,226	1,350	150	-81	185	305	-244	-517	307	-139	-153	-259	108	181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in customer payables
3,111	1,666	554	29	483	-417	575	1,012	-502	733	724	-934	767	332	1,115	-81	249	504	-662	409	-162	-71	-100	366	-50	480	747	-1	119	-1,048	884	-577	115	196	52	655	-333	-133	-571	1,233	-392
Proceeds from sales and repayments of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-	-	2	58	105	85	93	42	23	28	28	37	36	47	33
Decrease in other liabilities
-997	332	-113	-351	-209	-87	39	46	-38	59	-14	33	-44	-3	64	8	-83	37	-20	-7	-23	-796	194	155	559	33	-230	179	-78	-148	-295	240	36	126	-69	-97	34	-112	166	101	48
Net cash provided by operating activities
4,821	1,878	743	41	185	463	747	-70	546	639	342	-1,180	781	1,299	405	232	108	175	279	919	-530	333	68	443	-143	229	619	-190	459	-517	347	199	-189	519	417	-199	359	-66	717	444	-46
Cash flows from investing activities:
Purchases of available-for-sale securities
3,479	926	2,428	1,439	3,589	1,420	4,157	527	2,282	2,299	1,172	1,922	4,426	2,215	803	1,694	1,993	2,600	116	1,432	2,002	218	695	372	279	1,609	1,041	2,415	1,977	1,687	2,323	2,109	3,928	3,531	2,210	1,224	3,285	6,742	3,690	3,921	2,626
Proceeds from sales of available-for-sale securities
2,102	1,015	1,088	6,872	1,760	1,130	4,319	1,177	797	407	443	547	248	700	873	918	703	180	2,962	403	360	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of and principal payments on available-for-sale securities
368	414	386	427	361	389	564	532	459	442	445	365	336	429	430	396	285	297	457	509	404	-1,124	849	462	1,281	-2,783	892	1,616	2,682	3,140	3,651	3,577	2,076	2,907	2,593	2,491	1,937	4,259	3,959	4,736	2,726
Purchases of held-to-maturity securities
4,367	828	107	669	3,084	479	1,598	977	1,109	1,432	2,247	2,877	3,963	168	1,099	744	2,378	1,716	0	199	699	772	768	367	1,302	495	500	603	929	399	1,661	1,023	1,729	1,292	254	1,526	967	82	1,762	781	0
Proceeds from maturities of and principal payments on held-to-maturity securities
1,235	1,131	1,953	1,189	1,034	614	762	426	593	675	774	594	513	592	612	434	430	305	692	411	380	315	352	250	227	249	443	542	594	526	397	221	162	130	161	69	47	145	14	0	0
Proceeds from sales of loans
-	-	-	-	-	0	15	0	15	0	0	40	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in loans receivable
-65	-87	-112	-119	-145	-158	-140	-148	-163	-190	-238	-282	-273	-288	-309	-297	-282	-307	-362	-365	-303	-300	-331	-301	-341	-408	-475	-427	-414	-430	-429	-460	-445	-516	-545	-512	-627	-741	-681	-686	-635
Capital expenditures for property and equipment
34	32	36	43	38	34	29	28	21	25	27	27	23	24	13	18	20	18	20	16	16	25	32	23	7	16	8	8	15	14	20	22	22	17	28	23	19	20	22	16	22
Proceeds from Securities Purchased under Agreements to Resell
200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of G1 Execution Services, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	76	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash transferred on sale of G1 Execution Services, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of real estate owned and repossessed assets
3	4	4	2	4	5	6	4	9	4	9	8	8	5	5	5	5	4	7	10	7	10	7	10	10	9	13	18	22	20	26	24	29	37	34	40	44	44	53	65	50
Net cash flow from derivative contracts
89	81	107	60	29	-21	-165	-25	-10	-12	-3	-9	-42	2	51	18	38	3	-1	0	0	9	0	0	6	-8	-8	1	-4	13	30	2	38	-13	29	-24	-6	48	0	4	0
Other
1	6	-2	12	18	-7	-10	38	4	20	4	21	-2	-1	-7	24	-20	2	-85	12	-2	54	20	0	-5	0	-16	16	-6	-61	-2	-8	2	-6	-6	-13	-12	-6	-19	156	0
Net cash provided by (used in) investing activities
-3,997	879	617	6,386	-3,454	277	197	706	-1,370	-2,046	-1,538	-3,002	-6,990	-394	-453	-448	-2,704	-3,246	4,470	39	-1,261	289	24	1,063	337	-373	298	-440	801	2,065	471	1,135	-3,007	-1,229	817	377	-1,596	-1,695	-747	606	762
Cash flows from financing activities:
Increase in deposits
3,540	-1,776	93	-6,039	1,015	2,239	410	-1,028	160	1,199	1,471	2,688	5,702	-15	-1,267	1,135	2,384	3,835	-604	-58	1,382	-37	-157	-665	-222	101	321	-329	-2,515	-734	1,215	-1,670	3,121	1,221	-759	26	731	1,072	398	-864	19
Common stock dividends
31	32	34	34	35	36	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
20	0	20	0	20	0	24	0	12	0	12	0	13	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	980
Net decrease in securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-82	82	-3,617	-51	-4	-245	175	-603	-198	93	-149	139	5	-154	-108	-304	6	-29	-139	-682	-21	-19	-343	-133	-55
Net increase in advances from FHLB
0	0	-300	0	300	-550	-300	350	0	300	0	200	0	-	-	-	-	150	270	270	270	170	170	170	220	1,170	170	670	170	470	820	820	820	720	500	500	500	-	-	-	-
Payments on advances from FHLB
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	150	1,190	270	270	170	170	170	220	1,170	520	320	170	1,404	1,240	820	820	750	500	500	500	500	500	500	850
Proceeds from issuance of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	460	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
95	177	566	222	120	501	309	189	140	175	187	0	0	0	0	151	301	50	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from FHLB
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	850
Claims settlement under Section 16(b)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	35
Net cash flow from derivatives hedging liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	108	16	32	-1	-8	0	4	-43	9	0	9	30	27	-0	-16	42	-3	32	146
Other
-12	-1	-3	-4	-15	0	-8	-7	-17	-6	-14	0	-16	-4	-11	-2	-11	-11	-1	-2	-5	48	0	0	5	-	-	-	-	37	-50	-0	-3	0	-0	-18	1	30	5	2	1
Net cash (used in) financing activities
3,382	-1,986	-830	-6,299	1,125	1,152	-644	-454	-9	1,618	808	3,288	5,673	-19	-878	982	1,990	3,851	-5,168	-111	1,033	-648	-90	-1,284	-447	186	-166	167	-2,514	-1,610	627	-1,975	3,115	1,131	-926	-672	727	1,005	64	-1,028	-1,127
Effect of exchange rates on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	2	2	-3
Decrease in cash, cash equivalents and segregated cash
4,206	771	530	128	-2,144	1,892	300	182	-833	211	-388	-894	-536	886	-926	766	-606	780	-419	847	-758	-26	2	222	-253	42	751	-463	-1,254	-63	1,446	-639	-81	420	309	-494	-510	-756	37	24	-414
Supplemental disclosures:
Cash paid for interest
46	56	69	65	65	51	51	25	30	9	76	21	20	19	-1	42	17	23	43	38	108	139	35	91	53	97	42	99	39	333	57	139	61	149	73	143	69	127	72	135	89
(Refund received) cash paid for income taxes, net
-22	60	29	20	3	2	4	1	4	2	1	4	1	0	1	3	2	4	1	0	3	2	0	-2	0	-1	1	1	1	-0	1	0	3	-7	1	-0	-0	1	15	-98	2
Right-of-use assets recognized upon adoption of new lease standard
0	0	0	0	193	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained during the period
4	7	11	12	13	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in the measurement of operating lease liabilities
9	-	-	-	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Transfers of loans held-for-investment to loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	795	0	0	0	41	-	-	-	0	-	-	-	-	0	0	0	252
Transfers from loans to other real estate owned and repossessed assets
4	4	3	6	4	2	4	3	6	4	8	9	6	11	9	9	5	7	8	4	8	13	11	13	16	16	30	10	19	26	30	46	24	34	39	55	51	60	92	71	89
Transfers from other real estate owned and repossessed assets to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of convertible debentures to common stock
-	-	-	-	-	-	-	-	-	0	0	0	3	0	0	1	4	26	1	3	0	4	0	0	1	-	-	-	-	-	-	-	-	0	57	325	278	0	5	250	60
TransferOfAvailableForSaleSecuritiesToHeldToMaturity
-	-	-	-	-	39	0	0	1,161	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of held-to-maturity securities to available-for-sale securities
-	-	-	-	-	28	0	-28	4,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-