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 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 |
| 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 |