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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,889 | 1,447 | 1,321 |
| Adjustments to reconcile net income to net cash (used for) provided by operating activities: | |||
| Provision for loan losses | (5) | (11) | (4) |
| Net impairment losses on securities | 1 | ||
| Share-based compensation | 141 | 135 | 115 |
| Depreciation and amortization | 234 | 224 | 199 |
| (Benefit) provision for deferred income taxes | 15 | (7) | (25) |
| Premium amortization, net, on securities available for sale and securities held to maturity | 266 | 162 | 125 |
| Other | 9 | (4) | (7) |
| Net change in: | |||
| Cash and investments segregated and on deposit for regulatory purposes | (2,576) | 1,183 | 2,772 |
| Receivables from brokers, dealers, and clearing organizations | (147) | (108) | 44 |
| Receivables from brokerage clients | 150 | (1,652) | (1,725) |
| Other securities owned | 84 | (17) | 1 |
| Other assets | (93) | (98) | (30) |
| Payables to brokers, dealers, and clearing organizations | (181) | 808 | 393 |
| Payables to brokerage clients | 2,709 | (1,120) | (1,028) |
| Accrued expenses and other liabilities | 167 | 304 | 196 |
| Net cash provided by operating activities | 2,662 | 1,246 | 2,348 |
| Cash Flows from Investing Activities | |||
| Purchases of securities available for sale | (29,248) | (21,351) | (15,134) |
| Proceeds from sales of available for sale securities | 5,537 | 2,424 | 6,556 |
| Principal payments on available for sale securities | 11,903 | 7,340 | 5,843 |
| Purchases of securities held to maturity | (31,162) | (19,303) | (6,920) |
| Principal payments on held to maturity securities | 5,747 | 3,540 | 2,687 |
| Net increase in bank loans | (1,103) | (980) | (1,016) |
| Purchase of equipment, office facilities, and property | (346) | (266) | (400) |
| Purchases of Federal Home Loan Bank stock | (152) | ||
| Proceeds from sales of Federal Home Loan Bank stock | 88 | 8 | |
| Other investing activities | (39) | (35) | (11) |
| Net cash used for investing activities | (38,775) | (28,623) | (8,395) |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | 33,952 | 26,687 | 9,843 |
| Proceeds from short-term Federal Home Loan Bank borrowings | 8,504 | ||
| Repayment of short-term Federal Home Loan Bank borrowings | (8,504) | ||
| Issuance of long-term debt | 1,346 | ||
| Repayment of long-term debt | (7) | (357) | (6) |
| Net proceeds from preferred stock offerings | 1,316 | 581 | |
| Dividends paid | (486) | (387) | (373) |
| Proceeds from stock options exercised and other | 144 | 90 | 189 |
| Other financing activities | 44 | 32 | 29 |
| Net cash provided by financing activities | 34,963 | 27,992 | 9,682 |
| Increase (Decrease) in Cash and Cash Equivalents | (1,150) | 615 | 3,635 |
| Cash and Cash Equivalents at Beginning of Year | 11,978 | 11,363 | |
| Cash and Cash Equivalents at End of Year | 10,828 | 11,978 | 11,363 |
| Supplemental Cash Flow Information | |||
| Cash paid during the period for: | |||
| Interest | 160 | 121 | 103 |
| Income taxes | 991 | 810 | 778 |
| Non-cash investing activity: | |||
| Securities purchased during the year but settled after year end | 143 | ||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2016 | |
| 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 |