| |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Quarter Ended |
|
|
Fiscal Year Ended |
|
| |
|
Sept. 30, 2005 |
|
|
Sept. 24, 2004 |
|
|
Sept. 30, 2005 |
|
|
Sept. 24, 2004 |
|
| |
|
$ |
|
|
% of Rev. |
|
|
$ |
|
|
% of Rev. |
|
|
$ |
|
|
% of Rev. |
|
|
$ |
|
|
% of Rev. |
|
Operating Margin (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating margin |
|
$ |
178,249 |
|
|
|
65.0 |
% |
|
$ |
115,672 |
|
|
|
61.9 |
% |
|
$ |
637,061 |
|
|
|
63.5 |
% |
|
$ |
542,687 |
|
|
|
61.7 |
% |
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising |
|
|
(20,005 |
) |
|
|
(7.3 |
%) |
|
|
(19,950 |
) |
|
|
(10.7 |
%) |
|
|
(92,312 |
) |
|
|
(9.2 |
%) |
|
|
(100,364 |
) |
|
|
(11.4 |
%) |
Gain/(loss) on disposal of property |
|
|
208 |
|
|
|
0.1 |
% |
|
|
(1,741 |
) |
|
|
(0.9 |
%) |
|
|
428 |
|
|
|
0.0 |
% |
|
|
(1,166 |
) |
|
|
(0.1 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income |
|
$ |
158,452 |
|
|
|
57.8 |
% |
|
$ |
93,981 |
|
|
|
50.3 |
% |
|
$ |
545,177 |
|
|
|
54.3 |
% |
|
$ |
441,157 |
|
|
|
50.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
$ |
165,779 |
|
|
|
60.4 |
% |
|
$ |
100,369 |
|
|
|
53.7 |
% |
|
$ |
571,552 |
|
|
|
57.0 |
% |
|
$ |
466,962 |
|
|
|
53.1 |
% |
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
(6,864 |
) |
|
|
(2.5 |
%) |
|
|
(5,766 |
) |
|
|
(3.1 |
%) |
|
|
(24,408 |
) |
|
|
(2.4 |
%) |
|
|
(23,224 |
) |
|
|
(2.6 |
%) |
Interest on borrowings |
|
|
(463 |
) |
|
|
(0.2 |
%) |
|
|
(622 |
) |
|
|
(0.3 |
%) |
|
|
(1,967 |
) |
|
|
(0.2 |
%) |
|
|
(2,581 |
) |
|
|
(0.3 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income |
|
$ |
158,452 |
|
|
|
57.8 |
% |
|
$ |
93,981 |
|
|
|
50.3 |
% |
|
$ |
545,177 |
|
|
|
54.3 |
% |
|
$ |
441,157 |
|
|
|
50.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of |
|
| |
|
Sept. 30 |
|
|
June 24, |
|
|
Mar. 25, |
|
|
Dec. 31, |
|
|
Sept. 24, |
|
| |
|
2005 |
|
|
2005 |
|
|
2005 |
|
|
2004 |
|
|
2004 |
|
Liquid Assets (3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquid assets* |
|
$ |
396,708 |
|
|
$ |
271,117 |
|
|
$ |
152,227 |
|
|
$ |
153,032 |
|
|
$ |
55,942 |
|
Plus: Broker-dealer cash and cash equivalents |
|
|
107,236 |
|
|
|
205,408 |
|
|
|
135,084 |
|
|
|
105,006 |
|
|
|
99,400 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non broker-dealer short-term investments |
|
|
(229,819 |
) |
|
|
(20,000 |
) |
|
|
(64,375 |
) |
|
|
— |
|
|
|
(17,950 |
) |
Excess broker-dealer regulatory net capital* |
|
|
(103,061 |
) |
|
|
(189,209 |
) |
|
|
(33,219 |
) |
|
|
(87,169 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
171,064 |
|
|
$ |
267,316 |
|
|
$ |
189,717 |
|
|
$ |
170,869 |
|
|
$ |
137,392 |
|
|
|
|
|
Delaware
(State or other jurisdiction
of incorporation)
|
|
0-49992
(Commission
File Number)
|
|
82-0543156
(I.R.S. Employer
Identification No.) |
| |
|
|
4211 South 102nd Street
Omaha, Nebraska
(Address of principal executive offices)
|
|
68127
(Zip Code) |
Registrant’s telephone number, including area code: (402) 331-7856
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2.):
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| ý |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition and
Item 8.01 Other Events
On October 25, 2005, the Registrant released its financial results for its fourth fiscal quarter
and fiscal year ended September 30, 2005. A copy of the news release is furnished as Exhibit 99.1
to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
99.1 News Release issued by the Registrant on October 25, 2005
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned thereunto duly authorized.
| |
|
|
|
|
| Dated: October 25, 2005 |
AMERITRADE HOLDING CORPORATION
|
|
| |
By: |
/s/ John R. MacDonald
|
|
| |
|
John R. MacDonald |
|
| |
|
Executive Vice President,
Chief Financial Officer and Treasurer |
|
| |
3
|