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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 24, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 3,299 | 3,704 | 3,507 |
| Adjustments to reconcile net income to net cash (used for) provided by operating activities: | |||
| Share-based compensation | 204 | 183 | 197 |
| Depreciation and amortization | 414 | 322 | 277 |
| Amortization of acquired intangible assets | 190 | 27 | 29 |
| Provision (benefit) for deferred income taxes | (138) | 2 | 49 |
| Premium amortization, net, on available for sale and held to maturity securities | 1,586 | 446 | 350 |
| Other | 349 | 199 | 137 |
| Net change in: | |||
| Investments segregated and on deposit for regulatory purposes | (10,208) | (977) | 6,922 |
| Receivables from brokerage clients | (14,609) | (125) | (1,100) |
| Other assets | 4 | (709) | (8) |
| Payables to brokerage clients | 22,909 | 6,494 | 1,483 |
| Accrued expenses and other liabilities | 2,852 | (241) | 613 |
| Net cash provided by (used for) operating activities | 6,852 | 9,325 | 12,456 |
| Cash Flows from Investing Activities | |||
| Purchases of available for sale securities | (202,171) | (31,815) | (32,801) |
| Proceeds from sales of available for sale securities | 4,801 | 24,495 | 115 |
| Principal payments on available for sale securities | 63,247 | 21,616 | 16,016 |
| Purchases of held to maturity securities | 0 | (19,441) | (40,873) |
| Principal payments on held to maturity securities | 0 | 19,606 | 17,410 |
| Net change in bank loans | (5,675) | (1,730) | (129) |
| Cash acquired in acquisitions, net of cash paid | 14,748 | 0 | 0 |
| Purchases of equipment, office facilities, and property | (631) | (708) | (570) |
| Purchases of Federal Home Loan Bank stock | (26) | (27) | (156) |
| Proceeds from sales of Federal Home Loan Bank stock | 32 | 24 | 529 |
| Purchases of Federal Reserve stock | (191) | 0 | 0 |
| Other investing activities | 15 | (56) | (96) |
| Net cash provided by (used for) investing activities | (125,851) | 11,964 | (40,555) |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | 137,928 | (11,329) | 61,767 |
| Net change in short-term borrowings | 0 | 0 | (15,000) |
| Issuance of long-term debt | 3,070 | 593 | 3,024 |
| Repayment of long-term debt | (700) | 0 | (909) |
| Repurchases of common stock | 0 | (2,220) | (1,000) |
| Net proceeds from preferred stock offerings | 4,940 | 0 | 0 |
| Dividends paid | (1,280) | (1,060) | (787) |
| Proceeds from stock options exercised | 79 | 118 | 125 |
| Other financing activities | (55) | (41) [1] | (54) |
| Net cash provided by (used for) financing activities | 143,982 | (13,939) | 47,166 |
| Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted | 24,983 | 7,350 | 19,067 |
| Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year | 45,577 | 38,227 | |
| Cash and Cash Equivalents, including Amounts Restricted at End of Year | 70,560 | 45,577 | 38,227 |
| Supplemental Cash Flow Information | |||
| Non-cash investing activity: | |||
| Securities transferred from held to maturity to available for sale, at fair value | 136,099 | 8,771 | 0 |
| Additions of equipment, office facilities, and property | 110 | 45 | 6 |
| Acquisition of TD Ameritrade | 21,758 | 0 | 0 |
| Non-cash financing activity: | |||
| Extinguishment of finance lease obligation through an assignment agreement | 0 | 52 | 0 |
| Cash paid during the period for: | |||
| Interest | 434 | 1,075 | 798 |
| Income taxes | 803 | 1,199 | 927 |
| Amounts included in the measurement of lease liabilities | 163 | 133 | |
| Leased assets obtained in exchange for new operating lease liabilities | 160 | 97 | |
| [1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information. | |||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2020 | |
| 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 |