E TRADE FINANCIAL CORP (ETFC) [Rocket]

Overview

E TRADE FINANCIAL CORP (ETFC)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/13/2020	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]:
10/08/2020	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
10/06/2020	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/06/2020	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/06/2020	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/06/2020	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
10/06/2020	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
Revenues	2,886.0	2,873.0	2,366.0	1,941.0	1,370.0	1,704.0	1,723.0	1,900.0
Revenue growth	0.5%	21.4%	21.9%	41.7%	-19.6%	-1.1%	-9.3%	-6.7%
Cost of goods sold	805.0	745.0	662.0	599.0	466.0	412.0	363.0	353.0
Gross profit	2,081.0	2,128.0	1,704.0	1,342.0	904.0	1,292.0	1,360.0	1,547.0
Gross margin	72.1%	74.1%	72.0%	69.1%	66.0%	75.8%	78.9%	81.4%
Selling, general and administrative
Sales and marketing	196.0	200.0	166.0	131.0	124.0	120.0	108.0	139.0
Research and development
General and administrative	204.0	212.0	220.0	184.0	193.0	112.0	85.0	86.0
EBITA	1,403.0	1,482.0	1,173.0	949.0	278.0	595.0	503.0	417.0
EBITA margin	48.6%	51.6%	49.6%	48.9%	20.3%	34.9%	29.2%	21.9%
Amortization of intangibles	61.0	48.0	36.0	23.0	20.0	22.0	24.0	25.0
EBIT	1,342.0	1,434.0	1,137.0	926.0	258.0	573.0	479.0	392.0
EBIT margin	46.5%	49.9%	48.1%	47.7%	18.8%	33.6%	27.8%	20.6%
Pre-tax income	1,319.0	1,418.0	1,064.0	838.0	91.0	452.0	195.0	-131.0
Income taxes	364.0	366.0	450.0	286.0	-177.0	159.0	109.0	-18.0
Tax rate	27.6%	25.8%	42.3%	34.1%		35.2%	55.9%	13.7%
Net income	915.0	1,016.0	589.0	552.0	268.0	293.0	86.0	-113.0
Net margin	31.7%	35.4%	24.9%	28.4%	19.6%	17.2%	5.0%	-5.9%

Diluted EPS	$3.85	$3.88	$2.15	$1.98	$0.91	$1.00	$0.29	($0.40)
Shares outstanding (diluted)	237.9	261.7	274.4	279.0	295.0	294.1	292.6	285.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.