10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SCHWAB CHARLES CORP | |||
Ticker: SCHW Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,447 | 1,321 | 1,071 |
| Adjustments to reconcile net income to net cash (used for) provided by operating activities: | |||
| Provision for loan losses | (11) | (4) | (1) |
| Net impairment losses on securities | 1 | 10 | |
| Stock-based compensation | 135 | 115 | 116 |
| Depreciation and amortization | 224 | 199 | 202 |
| (Benefit) Provision for deferred income taxes | (7) | (25) | (21) |
| Premium amortization, net, on securities available for sale and securities held to maturity | 162 | 125 | 162 |
| Other | (4) | (7) | 15 |
| Net change in: | |||
| Cash and investments segregated and on deposit for regulatory purposes | 1,183 | 2,772 | 4,916 |
| Receivables from brokers, dealers, and clearing organizations | (108) | 44 | (175) |
| Receivables from brokerage clients | (1,652) | (1,725) | (496) |
| Other securities owned | (17) | 1 | 119 |
| Other assets | (98) | (30) | 17 |
| Payables to brokers, dealers, and clearing organizations | 808 | 393 | 318 |
| Payables to brokerage clients | (1,120) | (1,028) | (4,997) |
| Accrued expenses and other liabilities | 304 | 196 | 400 |
| Net cash provided by operating activities | 1,246 | 2,348 | 1,656 |
| Cash Flows from Investing Activities | |||
| Purchases of securities available for sale | (21,351) | (15,134) | (22,942) |
| Proceeds from sales of securities available for sale | 2,424 | 6,556 | 6,167 |
| Principal payments on securities available for sale | 7,340 | 5,843 | 10,772 |
| Purchases of securities held to maturity | (19,303) | (6,920) | (16,061) |
| Principal payments on securities held to maturity | 3,540 | 2,687 | 3,895 |
| Net increase in bank loans | (980) | (1,016) | (1,634) |
| Purchase of equipment, office facilities, and property | (266) | (400) | (249) |
| Other investing activities | (27) | (11) | 2 |
| Net cash used for investing activities | (28,623) | (8,395) | (20,050) |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | 26,687 | 9,843 | 13,595 |
| Repayment of commercial paper | (300) | ||
| Issuance of long-term debt | 1,346 | 275 | |
| Repayment of long-term debt | (357) | (6) | (6) |
| Net proceeds from preferred stock offerings | 581 | ||
| Dividends paid | (387) | (373) | (368) |
| Proceeds from stock options exercised and other | 90 | 189 | 258 |
| Other financing activities | 32 | 29 | 5 |
| Net cash provided by financing activities | 27,992 | 9,682 | 13,459 |
| Increase (Decrease) in Cash and Cash Equivalents | 615 | 3,635 | (4,935) |
| Cash and Cash Equivalents at Beginning of Year | 11,363 | 7,728 | |
| Cash and Cash Equivalents at End of Year | 11,978 | 11,363 | 7,728 |
| Supplemental Cash Flow Information | |||
| Cash paid during the period for: | |||
| Interest | 121 | 103 | 99 |
| Income taxes | 810 | 778 | 624 |
| Non-cash investing activity: | |||
| Securities purchased during the year but settled after year end | 143 | 81 | |
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2015 | |
| 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 |