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: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net Revenues | |||
| Asset management and administration fees | $ 2,043 | 1,928 | 1,822 |
| Interest revenue | 1,914 | 1,900 | 1,723 |
| Interest expense | (150) | (175) | (199) |
| Net interest revenue | 1,764 | 1,725 | 1,524 |
| Trading revenue | 868 | 927 | 830 |
| Other - net | 256 | 160 | 135 |
| Provision for loan losses | (16) | (18) | (27) |
| Net impairment losses on securities | (32) [1] | (31) | (36) |
| Total net revenues | 4,883 | 4,691 | 4,248 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 1,803 | 1,732 | 1,573 |
| Professional services | 388 | 387 | 341 |
| Occupancy and equipment | 311 | 301 | 272 |
| Advertising and market development | 241 | 228 | 196 |
| Communications | 220 | 220 | 207 |
| Depreciation and amortization | 196 | 155 | 146 |
| Class action litigation and regulatory reserve | 7 | 320 | |
| Money market mutual fund charges | 132 | ||
| Other | 274 | 269 | 282 |
| Total expenses excluding interest | 3,433 | 3,299 | 3,469 |
| Income before taxes on income | 1,450 | 1,392 | 779 |
| Taxes on income | 522 | 528 | 325 |
| Net Income | 928 | 864 | 454 |
| Preferred stock dividends | 45 | ||
| Net Income Available to Common Stockholders | 883 | 864 | 454 |
| Weighted-Average Common Shares Outstanding - Diluted | 1,275 [2] | 1,229 | 1,194 |
| Earnings Per Common Share - Basic | 0.69 | 0.70 | 0.38 |
| Earnings Per Common Share - Diluted | 0.69 | 0.70 | 0.38 |
| [2] Antidilutive stock options and restricted stock awards excluded from the calculation of diluted EPS totaled 74 million, 63 million, and 52 million shares in 2012, 2011, and 2010, respectively. | |||
| [1] Net impairment losses on securities include total other-than-temporary impairment losses of $15 million, $18 million, and $41 million, net of $(17) million, $(13) million, and $5 million recognized in other comprehensive income in 2012, 2011, and 2010, respectively. | |||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2012 | |
| 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 |