10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHWAB CHARLES CORP | |||
Ticker: SCHW Fiscal Year: 2009 | |||
Statement Of Income Securities Based Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 25, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Net Revenues | |||
| Asset management and administration fees | $ 1,875 | 2,355 | 2,358 |
| Interest revenue | 1,428 | 1,908 | 2,270 |
| Interest expense | (221) | (243) | (623) |
| Net interest revenue | 1,207 | 1,665 | 1,647 |
| Trading revenue | 996 | 1,080 | 860 |
| Other | 175 | 94 | 129 |
| Total other-than-temporary impairment losses | (278) | (44) | 0 |
| Noncredit portion of loss recognized in other comprehensive income | 218 | 0 | 0 |
| Net impairment losses on securities | (60) | (44) | 0 |
| Total net revenues | 4,193 | 5,150 | 4,994 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 1,544 | 1,667 | 1,781 |
| Professional services | 275 | 334 | 324 |
| Occupancy and equipment | 318 | 299 | 282 |
| Advertising and market development | 191 | 243 | 230 |
| Communications | 206 | 211 | 200 |
| Depreciation and amortization | 159 | 152 | 156 |
| Other | 224 | 216 | 168 |
| Total expenses excluding interest | 2,917 | 3,122 | 3,141 |
| Income from continuing operations before taxes on income | 1,276 | 2,028 | 1,853 |
| Taxes on income | (489) | (798) | (733) |
| Income from continuing operations | 787 | 1,230 | 1,120 |
| (Loss) income from discontinued operations, net of tax | 0 | (18) | 1,287 |
| Net Income | 787 | 1,212 | 2,407 |
| Weighted-Average Common Shares Outstanding - Diluted | 1,160 | 1,157 | 1,222 |
| Earnings Per Share - Basic | |||
| Income from continuing operations | 0.68 | 1.07 | 0.93 |
| (Loss) income from discontinued operations, net of tax | 0.00 | (0.01) | 1.05 |
| Net income | 0.68 | 1.06 | 1.98 |
| Earnings Per Share - Diluted | |||
| Income from continuing operations | 0.68 | 1.06 | 0.92 |
| (Loss) income from discontinued operations, net of tax | 0.00 | (0.01) | 1.04 |
| Net income | 0.68 | 1.05 | 1.96 |
| Dividends Declared Per Common Share | 0.24 | 0.22 | 1.20 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHWAB CHARLES CORP | |||
Ticker: SCHW Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect Securities Based Operations | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 25, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 787 | 1,212 | 2,407 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Loss (income) from discontinued operations, net of tax | 0 | 18 | (1,287) |
| Depreciation and amortization expense | 159 | 152 | 156 |
| Stock-based compensation expense | 75 | 69 | 58 |
| Excess tax benefits from stock-based compensation | (8) | (50) | (108) |
| Provision for deferred income taxes | 16 | 97 | 175 |
| Net impairment losses on securities | 60 | 44 | 0 |
| Other | (4) | 70 | 16 |
| Originations of loans held for sale | (2,746) | (1,526) | (863) |
| Proceeds from sales of loans held for sale | 2,695 | 1,522 | 849 |
| Net change in: | |||
| Cash and investments segregated and on deposit for regulatory purposes | (3,688) | (5,882) | 2,059 |
| Other securities owned | (290) | 48 | (277) |
| Receivables from brokers, dealers, and clearing organizations | 202 | (32) | (75) |
| Receivables from brokerage clients | (1,503) | 5,171 | (1,394) |
| Other assets | (253) | 51 | (33) |
| Payables to brokers, dealers, and clearing organizations | 56 | (822) | 424 |
| Payables to brokerage clients | 5,990 | (34) | (331) |
| Accrued expenses and other liabilities | (111) | (106) | (419) |
| Net cash provided by discontinued operations | 0 | 0 | 389 |
| Net cash provided by operating activities | 1,437 | 2 | 1,746 |
| Cash Flows from Investing Activities | |||
| Purchases of securities available for sale | (14,342) | (9,839) | (3,554) |
| Proceeds from sales of securities available for sale | 107 | 14 | 0 |
| Principal payments on securities available for sale | 7,063 | 2,003 | 2,034 |
| Purchases of securities held to maturity | (5,470) | (245) | 0 |
| Principal payments on securities held to maturity | 139 | 2 | 0 |
| Net increase in loans to banking clients | (1,411) | (2,642) | (1,129) |
| Purchase of equipment, office facilities, and property | (140) | (188) | (168) |
| Proceeds from sale of U.S. Trust, net of transaction costs | 0 | 0 | 3,237 |
| Cash payments for business combinations, net of cash acquired | 0 | (5) | (119) |
| Other investing activities | (3) | (1) | (1) |
| Net cash provided by discontinued operations | 0 | 0 | 67 |
| Net cash (used for) provided by investing activities | (14,057) | (10,901) | 367 |
| Cash Flows from Financing Activities | |||
| Net change in deposits from banking clients | 14,979 | 10,019 | 2,802 |
| Issuance of long-term debt | 747 | 0 | 549 |
| Repayment of long-term debt | (80) | (20) | (43) |
| Excess tax benefits from stock-based compensation | 8 | 50 | 108 |
| Dividends paid | (279) | (253) | (1,500) |
| Purchase of treasury stock | 0 | (350) | (2,742) |
| Proceeds from stock options exercised and other | 53 | 131 | 414 |
| Other financing activities | (9) | 0 | (7) |
| Net cash provided by discontinued operations | 0 | 0 | 563 |
| Net cash provided by financing activities | 15,419 | 9,577 | 144 |
| Increase (decrease) in Cash and Cash Equivalents | 2,799 | (1,322) | 2,257 |
| Cash and Cash Equivalents at Beginning of Year | 5,442 | 6,764 | |
| Cash and Cash Equivalents at End of Year | 8,241 | 5,442 | 6,764 |
| Supplemental Cash Flow Information | |||
| Cash paid during the year for: | |||
| Interest | 173 | 232 | 616 |
| Income taxes (2008 and 2007 amounts include discontinued operations) | 446 | 767 | 1,071 |
| Non-cash investing activity: | |||
| Securities purchased during the year but settled after year end | 1,267 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SCHWAB CHARLES CORP | ||
Ticker: SCHW Fiscal Year: 2009 | ||
Statement Of Financial Position Unclassified | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 25, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Cash and cash equivalents | $ 8,241 | 5,442 |
| Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $8,346 in 2009 and $6,701 in 2008) | 18,373 | 14,685 |
| Receivables from brokers, dealers, and clearing organizations | 560 | 759 |
| Receivables from brokerage clients - net | 8,627 | 7,129 |
| Other securities owned - at fair value | 916 | 626 |
| Securities available for sale | 22,120 | 14,446 |
| Securities held to maturity (fair value - $6,880 in 2009 and $244 in 2008) | 6,839 | 243 |
| Loans to banking clients - net | 7,348 | 6,044 |
| Loans held for sale | 104 | 41 |
| Equipment, office facilities, and property - net | 641 | 661 |
| Goodwill | 528 | 528 |
| Other assets | 1,134 | 1,071 |
| Total assets | 75,431 | 51,675 |
| Liabilities and Stockholders' Equity | ||
| Deposits from banking clients | 38,820 | 23,841 |
| Payables to brokers, dealers, and clearing organizations | 2,373 | 1,100 |
| Payables to brokerage clients | 26,246 | 20,256 |
| Accrued expenses and other liabilities | 1,407 | 1,534 |
| Long-term debt | 1,512 | 883 |
| Total liabilities | 70,358 | 47,614 |
| Stockholders' equity: | ||
| Preferred stock - 9,940,000 shares authorized; $.01 par value per share; none issued | 0 | 0 |
| Common stock - 3 billion shares authorized; $.01 par value per share; 1,392,091,544 shares issued | 14 | 14 |
| Additional paid-in capital | 2,298 | 2,214 |
| Retained earnings | 7,243 | 6,735 |
| Treasury stock, at cost - 229,983,936 shares in 2009 and 234,991,565 shares in 2008 | (4,291) | (4,349) |
| Accumulated other comprehensive loss | (191) | (553) |
| Total stockholders' equity | 5,073 | 4,061 |
| Total liabilities and stockholders' equity | 75,431 | 51,675 |
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |