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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 2,354 | 1,889 | 1,447 |
| Adjustments to reconcile net income to net cash (used for) provided by operating activities: | |||
| Provision for loan losses | 0 | (5) | (11) |
| Share-based compensation | 153 | 141 | 135 |
| Depreciation and amortization | 269 | 234 | 224 |
| Provision (Benefit) for deferred income taxes | 58 | 15 | (7) |
| Premium amortization, net, on available for sale and held to maturity securities | 342 | 266 | 162 |
| Other | 51 | 9 | (4) |
| Net change in: | |||
| Cash and investments segregated and on deposit for regulatory purposes | 7,035 | (2,576) | 1,183 |
| Receivables from brokers, dealers, and clearing organizations | 74 | (147) | (108) |
| Receivables from brokerage clients | (3,428) | 150 | (1,652) |
| Other securities owned | (90) | 84 | (17) |
| Other assets | (177) | (93) | (98) |
| Payables to brokers, dealers, and clearing organizations | (1,148) | (181) | 808 |
| Payables to brokerage clients | (4,651) | 2,709 | (1,120) |
| Accrued expenses and other liabilities | 421 | 167 | 304 |
| Net cash provided by operating activities | 1,263 | 2,662 | 1,246 |
| Cash Flows from Investing Activities | |||
| Purchases of available for sale securities | (15,033) | (29,248) | (21,351) |
| Proceeds from sales of available for sale securities | 8,617 | 5,537 | 2,424 |
| Principal payments on available for sale securities | 9,095 | 11,903 | 7,340 |
| Purchases of held to maturity securities | (32,925) | (31,162) | (19,303) |
| Principal payments on held to maturity securities | 11,627 | 5,747 | 3,540 |
| Net increase in bank loans | (1,071) | (1,103) | (980) |
| Purchase of equipment, office facilities, and property | (400) | (346) | (266) |
| Purchases of Federal Home Loan Bank stock | (430) | (152) | 0 |
| Proceeds from sales of Federal Home Loan Bank stock | 106 | 88 | 8 |
| Other investing activities | (59) | (39) | (35) |
| Net cash used for investing activities | (20,473) | (38,775) | (28,623) |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | 6,186 | 33,952 | 26,687 |
| Net proceeds from short-term borrowings | 15,000 | 0 | 0 |
| Issuance of long-term debt | 2,129 | 0 | 1,346 |
| Repayment of long-term debt | (257) | (7) | (357) |
| Net proceeds from preferred stock offerings | 492 | 1,316 | 581 |
| Redemption of preferred stock | (485) | 0 | 0 |
| Dividends paid | (592) | (486) | (387) |
| Proceeds from stock options exercised and other | 171 | 144 | 90 |
| Other financing activities | (45) | 44 | 32 |
| Net cash provided by financing activities | 22,599 | 34,963 | 27,992 |
| Increase (Decrease) in Cash and Cash Equivalents | 3,389 | (1,150) | 615 |
| Cash and Cash Equivalents at Beginning of Year | 10,828 | 11,978 | |
| Cash and Cash Equivalents at End of Year | 14,217 | 10,828 | 11,978 |
| Supplemental Cash Flow Information | |||
| Cash paid during the year for: | |||
| Interest | 327 | 160 | 121 |
| Income taxes | 1,212 | 991 | 810 |
| Non-cash investing activity: | |||
| Securities purchased during the year but settled after year end | 29 | 0 | 0 |
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2017 | |
| 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 |