 |
| As of September 27,
2002 and September 28, 2001 |
| (In thousands, except
share amounts) |
| |
|
2002 |
|
2001 |
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
| Cash and
cash equivalents |
|
$ |
198,398 |
|
$ |
24,134 |
| Cash and
investments segregated in compliance with federal
regulations |
|
|
5,665,109 |
|
|
2,044,257 |
| Receivable
frombrokers, dealers and clearing organizations |
|
|
1,397,862 |
|
|
198,535 |
| Receiveable
from clients and correspondents - net of allowance
for doubtful accounts: 2002 - $13.8 million; 2001
-$3.8 million |
|
|
1,408,730 |
|
|
971,823 |
|
| Property
and equipment - net of accumulated depreciation
and amortization: 2002 - $51.6 million; 2001 - $34.4
million |
|
|
57,219 |
|
|
83,671 |
|
| Goodwill |
|
|
708,030 |
|
|
210,794 |
| Acquired
intangible assets, net of accumulated amortization:
2002 - $1.8 million; 2001 - $0.1 million |
|
|
256,949 |
|
|
15,067 |
| Investments |
|
|
34,684 |
|
|
62,717 |
| Other assets
|
|
|
73,860 |
|
|
42,873 |
|
|
|
|
|
|
Total assets |
|
$ |
9,800,841 |
|
$ |
3,653,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| LIABILITIES
AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
Payable
to brokers, dealers and clearing organizations |
|
$ |
1,917,482 |
|
$ |
304,301 |
|
Payable
to clients and correspondents |
|
|
6,350,207 |
|
|
2,777,916 |
|
Accounts
payable and accrued liabilities |
|
|
252,833 |
|
|
121,933 |
|
Notes Payable |
|
|
- |
|
|
22,500 |
|
Convertible
subordinated notes |
|
|
47,645 |
|
|
47,645 |
|
Income
taxes payable |
|
|
78,481 |
|
|
- |
|
Deferred
income taxes |
|
|
55,794 |
|
|
8,143 |
|
|
|
|
|
|
Total liabilities |
|
|
8,702,442 |
|
|
3,282,438 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Commitments
and contingencies |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Stockholders'
equity: |
|
|
|
|
|
|
| |
Preferred
Stock, 2002 - $0.01 par value, 100,000,000 shares
authorized; 2001 - $1 par value, 3,000,000 shares
authorized; none issued |
|
|
- |
|
|
- |
| |
Common
Stock, $0.01 par value: |
|
|
|
|
|
|
|
|
Common Stock: 2002
- 650,000,000 shares authorized; 433,598,239 shares
issued |
|
|
4,336 |
|
|
- |
|
|
|
Class A: 2001 - 270,000,000
shares authorized;
198,922,132 shares issued |
|
|
- |
|
|
1,990 |
|
|
|
Convertible Class B:
2001 - 18,000,000 shares authorized; 16,372,800
shares issued and outstanding |
|
|
- |
|
|
164 |
|
|
|
|
|
|
|
|
|
|
Total Common Stock |
|
|
4,336 |
|
|
2,154 |
| Additional
paid-in capital |
|
|
1,160,200 |
|
|
384,175 |
| Accumulated
deficit |
|
|
(78,470) |
|
|
(49,507) |
| Treasury
stock: 2002 - 1,491,747 Common shares at cost; 2001
- 166,821 Class A Common shares at cost |
|
|
(7,317) |
|
|
(1,746) |
|
| Deferred
compensation |
|
|
967 |
|
|
215 |
| Accumulated
other comprehensive income |
|
|
18,683 |
|
|
36,142 |
|
|
|
|
|
|
|
|
|
Total stockholders'
equity |
|
|
1,098,399 |
|
|
371,433 |
|
|
|
|
|
|
|
| |
|
Total liabilities and
stockholders' equity |
|
$ |
9,800,841 |
|
$ |
3,653,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| See notes
to consolidated financial statements. |
|
|
