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: 2019 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 26, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net Revenues | |||
| Interest revenue | $ 7,580 | 6,680 | 4,624 |
| Interest expense | (1,064) | (857) | (342) |
| Net interest revenue | 6,516 | 5,823 | 4,282 |
| Other | 377 | 317 | 290 |
| Total net revenues | 10,721 | 10,132 | 8,618 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 3,320 | 3,057 | 2,737 |
| Professional services | 702 | 654 | 580 |
| Occupancy and equipment | 559 | 496 | 436 |
| Advertising and market development | 307 | 313 | 268 |
| Communications | 253 | 242 | 231 |
| Depreciation and amortization | 349 | 306 | 269 |
| Regulatory fees and assessments | 122 | 189 | 179 |
| Other | 261 | 313 | 268 |
| Total expenses excluding interest | 5,873 | 5,570 | 4,968 |
| Income before taxes on income | 4,848 | 4,562 | 3,650 |
| Taxes on income | 1,144 | 1,055 | 1,296 |
| Net Income | 3,704 | 3,507 | 2,354 |
| Preferred stock dividends and other | 178 | 178 [1] | 174 |
| Net Income Available to Common Stockholders | 3,526 | 3,329 | 2,180 |
| Weighted-Average Common Shares Outstanding: | |||
| Basic (in shares) | 1,311 | 1,348 | 1,339 |
| Diluted (in shares) | 1,320 [2] | 1,361 | 1,353 |
| Earnings Per Common Shares Outstanding: | |||
| Basic (USD per share) | 2.69 | 2.47 | 1.63 |
| Diluted (USD per share) | 2.67 | 2.45 | 1.61 |
| Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS (in shares) | 21 | 18 | 15 |
| Product and Service | |||
| Asset Management and administration fees | |||
| Asset management and administration fees and Trading revenue | 3,211 | 3,229 | 3,392 |
| Trading revenue | |||
| Asset management and administration fees and Trading revenue | 617 | 763 | 654 |
| [1] Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units. | |||
| [2] Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 21 million, 18 million, and 15 million shares in 2019, 2018, and 2017, respectively. | |||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2019 | |
| 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 |