TD Ameritrade 2018 Annual Report

52 TD AMERITRADE HOLDING CORPORATION CONSOLIDATED BALANCE SHEETS As of September 30, 2018 and 2017 2018 2017 (In millions) ASSETS Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,690 $ 1,472 Cash and investments segregated and on deposit for regulatory purposes . . . . . . 3,185 10,446 Receivable from brokers, dealers and clearing organizations . . . . . . . . . . . . . . . . 1,374 1,334 Receivable from clients, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,616 17,151 Receivable from affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 137 Other receivables, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 304 174 Securities owned, at fair value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156 503 Investments available-for-sale, at fair value (including $98 million and $99 million of securities pledged as collateral for repurchase agreements at September 30, 2018 and 2017, respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . 484 746 Property and equipment at cost, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 792 752 Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,227 4,213 Acquired intangible assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,329 1,470 Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 212 229 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 37,520 $ 38,627 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Payable to brokers, dealers and clearing organizations . . . . . . . . . . . . . . . . . . . $ 2,980 $ 2,504 Payable to clients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,884 25,107 Accounts payable and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 896 815 Payable to affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 109 Securities sold under agreements to repurchase . . . . . . . . . . . . . . . . . . . . . . . . . 96 97 Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,439 2,555 Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 177 193 Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,517 31,380 Stockholders' equity: Preferred stock, $0.01 par value, 100 million shares authorized; none issued . . — — Common stock, $0.01 par value, one billion shares authorized; 670 million shares issued; 2018 — 563 million shares outstanding; 2017 — 567 million shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7 Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,379 3,369 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,011 6,011 Treasury stock, common, at cost: 2018 — 107 million shares; 2017 — 103 million shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,371) (2,116) Deferred compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1 Accumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (27) (25) Total stockholders' equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,003 7,247 Total liabilities and stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 37,520 $ 38,627 See notes to consolidated financial statements.