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: 2018 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 22, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net Revenues | |||
| Interest revenue | $ 6,680 | 4,624 | 3,493 |
| Interest expense | (857) | (342) | (171) |
| Net interest revenue | 5,823 | 4,282 | 3,322 |
| Other | 317 | 290 | 276 |
| Total net revenues | 10,132 | 8,618 | 7,478 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 3,057 | 2,737 | 2,466 |
| Professional services | 654 | 580 | 506 |
| Occupancy and equipment | 496 | 436 | 398 |
| Advertising and market development | 313 | 268 | 265 |
| Communications | 242 | 231 | 237 |
| Depreciation and amortization | 306 | 269 | 234 |
| Regulatory fees and assessments | 189 | 179 | 144 |
| Other | 313 | 268 | 235 |
| Total expenses excluding interest | 5,570 | 4,968 | 4,485 |
| Income before taxes on income | 4,562 | 3,650 | 2,993 |
| Taxes on income | 1,055 | 1,296 | 1,104 |
| Net Income | 3,507 | 2,354 | 1,889 |
| Preferred stock dividends and other | 178 [1] | 174 | 143 |
| Net Income Available to Common Stockholders | 3,329 | 2,180 | 1,746 |
| Weighted-Average Common Shares Outstanding: | |||
| Basic (in shares) | 1,348 | 1,339 | 1,324 |
| Diluted (in shares) | 1,361 [2] | 1,353 | 1,334 |
| Earnings Per Common Shares Outstanding: | |||
| Basic (USD per share) | 2.47 | 1.63 | 1.32 |
| Diluted (USD per share) | 2.45 | 1.61 | 1.31 |
| Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS (n shares) | 18 | 15 | 26 |
| Product and Service | |||
| Asset Management and administration fees | |||
| Asset management and administration fees and Trading revenue | 3,229 | 3,392 [3] | 3,055 |
| Trading revenue | |||
| Asset management and administration fees and Trading revenue | 763 | 654 | 825 |
| Investment Type | |||
| Money market funds | |||
| Product and Service | |||
| Fee Waivers | |||
| Asset management and administration fees and Trading revenue | 0 | 10 | 224 |
| [2] Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 18 million, 15 million, and 26 million shares in 2018, 2017, and 2016, respectively. | |||
| [3] Includes fee waivers of $0, $10 million, and $224 million during the years ended December 31, 2018, 2017, and 2016, respectively, relating to Schwab-sponsored money market funds. | |||
| [1] Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units. | |||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2018 | |
| 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 |