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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 5,855 | 3,299 | 3,704 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Share-based compensation | 254 | 204 | 183 |
| Depreciation and amortization | 549 | 414 | 322 |
| Amortization of acquired intangible assets | 615 | 190 | 27 |
| Provision (benefit) for deferred income taxes | 53 | (138) | 2 |
| Premium amortization, net, on available for sale securities | 2,346 | 1,586 | 446 |
| Other | 372 | 349 | 199 |
| Net change in: | |||
| Investments segregated and on deposit for regulatory purposes | (3,398) | (10,208) | (977) |
| Receivables from brokerage clients | (26,168) | (14,609) | (125) |
| Other assets | (1,152) | 4 | (709) |
| Payables to brokerage clients | 21,470 | 22,909 | 6,494 |
| Accrued expenses and other liabilities | 1,322 | 2,852 | (241) |
| Net cash provided by (used for) operating activities | 2,118 | 6,852 | 9,325 |
| Cash Flows from Investing Activities | |||
| Purchases of available for sale securities | (171,732) | (202,171) | (31,815) |
| Proceeds from sales of available for sale securities | 13,306 | 4,801 | 24,495 |
| Principal payments on available for sale securities | 94,912 | 63,247 | 21,616 |
| Purchases of held to maturity securities | 0 | 0 | (19,441) |
| Principal payments on held to maturity securities | 0 | 0 | 19,606 |
| Net change in bank loans | (10,845) | (5,675) | (1,730) |
| Cash acquired in acquisitions, net of cash paid | 0 | 14,748 | 0 |
| Purchases of equipment, office facilities, and property | (916) | (631) | (708) |
| Purchases of Federal Home Loan Bank stock | 0 | (26) | (27) |
| Proceeds from sales of Federal Home Loan Bank stock | 0 | 32 | 24 |
| Purchases of Federal Reserve stock | (245) | (191) | 0 |
| Other investing activities | (143) | 15 | (56) |
| Net cash provided by (used for) investing activities | (75,663) | (125,851) | 11,964 |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | 85,756 | 137,928 | (11,329) |
| Proceeds from commercial paper and secured lines of credit | 11,107 | 1,234 | 1,400 |
| Repayment of commercial paper and secured lines of credit | (6,255) | (1,234) | (1,400) |
| Issuance of long-term debt | 7,036 | 3,070 | 593 |
| Repayment of long-term debt | (1,822) | (700) | 0 |
| Repurchases of common stock | 0 | 0 | (2,220) |
| Net proceeds from preferred stock offerings | 2,806 | 4,940 | 0 |
| Redemption of preferred stock | (600) | 0 | 0 |
| Dividends paid | (1,822) | (1,280) | (1,060) |
| Proceeds from stock options exercised | 221 | 79 | 118 |
| Other financing activities | (104) | (55) | (41) |
| Net cash provided by (used for) financing activities | 96,323 | 143,982 | (13,939) |
| Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted | 22,778 | 24,983 | 7,350 |
| Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year | 70,560 | 45,577 | |
| Cash and Cash Equivalents, including Amounts Restricted at End of Year | 93,338 | 70,560 | 45,577 |
| Supplemental Cash Flow Information | |||
| Non-cash investing activity: | |||
| Securities transferred from held to maturity to available for sale, at fair value | 0 | 136,099 | 8,771 |
| Additions of equipment, office facilities, and property | 125 | 110 | 45 |
| Acquisition of TD Ameritrade | 0 | 21,758 | 0 |
| Non-cash financing activity: | |||
| Extinguishment of finance lease obligation through an assignment agreement | 0 | 0 | 52 |
| Cash paid during the period for: | |||
| Interest | 501 | 434 | 1,075 |
| Income taxes | 2,053 | 803 | 1,199 |
| Amounts included in the measurement of lease liabilities | 212 | 163 | 133 |
| Leased assets obtained in exchange for new operating lease liabilities | 89 | 160 | 97 |
| Leased assets obtained in exchange for new finance lease liabilities | 109 | 0 | 0 |
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2021 | |
| 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 |