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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 7,183 | 5,855 | 3,299 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Share-based compensation | 366 | 254 | 204 |
| Depreciation and amortization | 652 | 549 | 414 |
| Amortization of acquired intangible assets | 596 | 615 | 190 |
| Provision (benefit) for deferred income taxes | (18) | 53 | (138) |
| Premium amortization, net, on available for sale and held to maturity securities | 1,375 | 2,346 | 1,586 |
| Other | 490 | 372 | 349 |
| Net change in: | |||
| Investments segregated and on deposit for regulatory purposes | (874) | (3,398) | (10,208) |
| Receivables from brokerage clients | 23,947 | (26,168) | (14,609) |
| Other assets | 99 | (1,152) | 4 |
| Payables to brokerage clients | (28,233) | 21,470 | 22,909 |
| Accrued expenses and other liabilities | (3,526) | 1,322 | 2,852 |
| Net cash provided by (used for) operating activities | 2,057 | 2,118 | 6,852 |
| Cash Flows from Investing Activities | |||
| Purchases of available for sale securities | (51,009) | (171,732) | (202,171) |
| Proceeds from sales of available for sale securities | 24,704 | 13,306 | 4,801 |
| Principal payments on available for sale securities | 49,944 | 94,912 | 63,247 |
| Principal payments on held to maturity securities | 15,712 | 0 | 0 |
| Net change in bank loans | (5,788) | (10,845) | (5,675) |
| Cash acquired in acquisitions, net of cash paid | 0 | 0 | 14,748 |
| Purchases of equipment, office facilities, and property | (971) | (916) | (631) |
| Purchases of Federal Home Loan Bank stock | (518) | 0 | (26) |
| Proceeds from sales of Federal Home Loan Bank stock | 19 | 0 | 32 |
| Purchases of Federal Reserve stock | (106) | (245) | (191) |
| Proceeds from sales of Federal Reserve stock | 197 | 0 | 0 |
| Other investing activities | (136) | (143) | 15 |
| Net cash provided by (used for) investing activities | 32,048 | (75,663) | (125,851) |
| Cash Flows from Financing Activities | |||
| Net change in bank deposits | (77,054) | 85,756 | 137,928 |
| Proceeds from commercial paper and secured lines of credit | 1,900 | 11,107 | 1,234 |
| Repayments of commercial paper and secured lines of credit | (6,511) | (6,255) | (1,234) |
| Net change in other short-term borrowings | 16,802 | 0 | 0 |
| Issuances of long-term debt | 2,971 | 7,036 | 3,070 |
| Repayments of long-term debt | (1,036) | (1,822) | (700) |
| Repurchases of common stock and nonvoting common stock | (3,395) | 0 | 0 |
| Net proceeds from preferred stock offerings | 740 | 2,806 | 4,940 |
| Redemption of preferred stock | (1,000) | (600) | 0 |
| Dividends paid | (2,110) | (1,822) | (1,280) |
| Proceeds from stock options exercised | 64 | 221 | 79 |
| Other financing activities | (94) | (104) | (55) |
| Net cash provided by (used for) financing activities | (68,723) | 96,323 | 143,982 |
| Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted | (34,618) | 22,778 | 24,983 |
| Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year | 93,338 | 70,560 | |
| Cash and Cash Equivalents, including Amounts Restricted at End of Year | 58,720 | 93,338 | 70,560 |
| Supplemental Cash Flow Information | |||
| Non-cash investing activity: | |||
| Securities transferred from held to maturity to available for sale, at fair value | 0 | 0 | 136,099 |
| Securities transferred from available for sale to held to maturity, at fair value | 188,555 | 0 | 0 |
| Changes in accrued equipment, office facilities, and property purchases | (19) | 125 | 110 |
| Acquisition of TD Ameritrade | 0 | 0 | 21,758 |
| Non-cash financing activity: | |||
| Common stock repurchased during the period but settled after period end | 40 | 0 | 0 |
| Cash paid during the period for: | |||
| Interest | 1,355 | 501 | 434 |
| Income taxes | 2,130 | 2,053 | 803 |
| Amounts included in the measurement of lease liabilities | 228 | 212 | 163 |
| Leased assets obtained in exchange for new operating lease liabilities | 274 | 89 | 160 |
| Leased assets obtained in exchange for new finance lease liabilities | 4 | 109 | 0 |
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2022 | |
| 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 |