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: 2009 | |||
Statement Of Income Securities Based Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 25, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Net Revenues | |||
| Asset management and administration fees | $ 1,875 | 2,355 | 2,358 |
| Interest revenue | 1,428 | 1,908 | 2,270 |
| Interest expense | (221) | (243) | (623) |
| Net interest revenue | 1,207 | 1,665 | 1,647 |
| Trading revenue | 996 | 1,080 | 860 |
| Other | 175 | 94 | 129 |
| Total other-than-temporary impairment losses | (278) | (44) | 0 |
| Noncredit portion of loss recognized in other comprehensive income | 218 | 0 | 0 |
| Net impairment losses on securities | (60) | (44) | 0 |
| Total net revenues | 4,193 | 5,150 | 4,994 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 1,544 | 1,667 | 1,781 |
| Professional services | 275 | 334 | 324 |
| Occupancy and equipment | 318 | 299 | 282 |
| Advertising and market development | 191 | 243 | 230 |
| Communications | 206 | 211 | 200 |
| Depreciation and amortization | 159 | 152 | 156 |
| Other | 224 | 216 | 168 |
| Total expenses excluding interest | 2,917 | 3,122 | 3,141 |
| Income from continuing operations before taxes on income | 1,276 | 2,028 | 1,853 |
| Taxes on income | (489) | (798) | (733) |
| Income from continuing operations | 787 | 1,230 | 1,120 |
| (Loss) income from discontinued operations, net of tax | 0 | (18) | 1,287 |
| Net Income | 787 | 1,212 | 2,407 |
| Weighted-Average Common Shares Outstanding - Diluted | 1,160 | 1,157 | 1,222 |
| Earnings Per Share - Basic | |||
| Income from continuing operations | 0.68 | 1.07 | 0.93 |
| (Loss) income from discontinued operations, net of tax | 0.00 | (0.01) | 1.05 |
| Net income | 0.68 | 1.06 | 1.98 |
| Earnings Per Share - Diluted | |||
| Income from continuing operations | 0.68 | 1.06 | 0.92 |
| (Loss) income from discontinued operations, net of tax | 0.00 | (0.01) | 1.04 |
| Net income | 0.68 | 1.05 | 1.96 |
| Dividends Declared Per Common Share | 0.24 | 0.22 | 1.20 |
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2009 | |
| 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 |