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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 3,507 | 2,354 | 1,889 |
| Adjustments to reconcile net income to net cash (used for) provided by operating activities: | |||
| Share-based compensation | 197 | 153 | 141 |
| Depreciation and amortization | 306 | 269 | 234 |
| Provision (benefit) for deferred income taxes | 49 | 58 | 15 |
| Premium amortization, net, on available for sale and held to maturity securities | 350 | 342 | 266 |
| Other | 137 | 51 | 4 |
| Net change in: | |||
| Investments segregated and on deposit for regulatory purposes | 6,922 | 4,933 | (1,635) |
| Receivables from brokers, dealers, and clearing organizations | 96 | 74 | (147) |
| Receivables from brokerage clients | (1,100) | (3,428) | 150 |
| Other securities owned | 0 | (90) | 84 |
| Other assets | (104) | (177) | (93) |
| Payables to brokers, dealers, and clearing organizations | 573 | (1,148) | (181) |
| Payables to brokerage clients | 1,483 | (4,651) | 2,709 |
| Accrued expenses and other liabilities | 40 | 421 | 167 |
| Net cash provided by (used for) operating activities | 12,456 | (839) | 3,603 |
| Cash Flows from Investing Activities | |||
| Purchases of available for sale securities | (32,801) | (15,033) | (29,248) |
| Proceeds from sales of available for sale securities | 115 | 8,617 | 5,537 |
| Principal payments on available for sale securities | 16,016 | 9,095 | 11,903 |
| Purchases of held to maturity securities | (40,873) | (32,925) | (31,162) |
| Principal payments on held to maturity securities | 17,410 | 11,627 | 5,747 |
| Net increase in bank loans | (129) | (1,071) [1] | (1,103) |
| Purchases of equipment, office facilities, and property | (570) | (400) | (346) |
| Purchases of Federal Home Loan Bank stock | (156) | (430) | (152) |
| Proceeds from sales of Federal Home Loan Bank stock | 529 | 106 | 88 |
| Other investing activities | (96) | (59) | (39) |
| Net cash provided by (used for) investing activities | (40,555) | (20,473) | (38,775) |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | 61,767 | 6,186 [2] | 33,952 |
| Net change in short-term borrowings | (15,000) | 15,000 | 0 |
| Issuance of long-term debt | 3,024 | 2,129 | 0 |
| Repayment of long-term debt | (909) | (257) | (7) |
| Repurchases of common stock | (1,000) | 0 | 0 |
| Net proceeds from preferred stock offerings | 0 | 492 | 1,316 |
| Redemption of preferred stock | 0 | (485) | 0 |
| Dividends paid | (787) | (592) | (486) |
| Proceeds from stock options exercised | 125 | 171 | 144 |
| Other financing activities | (54) | (45) | 44 |
| Net cash provided by (used for) financing activities | 47,166 | 22,599 | 34,963 |
| Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted | 19,067 | 1,287 | (209) |
| Cash and Cash Equivalents including Amounts Restricted at Beginning of Year | 19,160 | 17,873 | |
| Cash and Cash Equivalents, including Amounts Restricted at End of Year | 38,227 [3] | 19,160 | 17,873 |
| Supplemental Cash Flow Information | |||
| Cash paid during the year for: | |||
| Interest | 798 | 327 | 160 |
| Income taxes | 927 | 1,212 | 991 |
| Non-cash investing activity: | |||
| Securities purchased during the period but settled after period end | 0 | 29 | 0 |
| [3] Reconciliation of cash, cash equivalents and amounts reported within the balance sheet | |||
| [1] Adjusted for the retrospective adoption of ASU 2016-18. See Note 2. | |||
| [2] Includes transfers from other sweep features to bank sweep of $72 billion, $5 billion and $8 billion for the years ended December 31, 2018, 2017 and 2016, respectively. | |||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2018 | |
| 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 |