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: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net Revenues | |||
| Interest revenue | $ 8,506 | 6,531 | 7,580 |
| Interest expense | (476) | (418) | (1,064) |
| Net interest revenue | 8,030 | 6,113 | 6,516 |
| Other | 749 | 332 | 242 |
| Total net revenues | 18,520 | 11,691 | 10,721 |
| Expenses Excluding Interest | |||
| Compensation and benefits | 5,450 | 3,954 | 3,320 |
| Professional services | 994 | 843 | 702 |
| Occupancy and equipment | 976 | 703 | 559 |
| Advertising and market development | 485 | 326 | 307 |
| Communications | 587 | 353 | 253 |
| Depreciation and amortization | 549 | 414 | 322 |
| Amortization of acquired intangible assets | 615 | 190 | 27 |
| Regulatory fees and assessments | 275 | 163 | 122 |
| Other | 876 | 445 | 261 |
| Total expenses excluding interest | 10,807 | 7,391 | 5,873 |
| Income before taxes on income | 7,713 | 4,300 | 4,848 |
| Taxes on income | 1,858 | 1,001 | 1,144 |
| Net Income | 5,855 | 3,299 | 3,704 |
| Preferred stock dividends and other | 495 | 256 | 178 |
| Net Income Available to Common Stockholders | 5,360 | 3,043 | 3,526 |
| Weighted-Average Common Shares Outstanding: | |||
| Basic (in shares) | 1,887 | 1,429 | 1,311 |
| Diluted (in shares) | 1,897 | 1,435 | 1,320 |
| Earnings Per Common Shares Outstanding | |||
| Basic (USD per share) | 2.84 | 2.13 | 2.69 |
| Diluted (USD per share) | 2.83 [1] | 2.12 | 2.67 |
| Product and Service | |||
| Asset management and administration fees | |||
| Revenues from contracts with customers | 4,274 | 3,475 | 3,211 |
| Trading revenue | |||
| Revenues from contracts with customers | 4,152 | 1,416 | 752 |
| Bank deposit account fees | |||
| Revenues from contracts with customers | 1,315 | 355 | 0 |
| [1] For the years ended December 31, 2021 and 2020, the Company had voting and nonvoting common stock outstanding. As the participation rights, including dividend and liquidation rights, are identical between the voting and nonvoting stock classes, basic and diluted earnings per share are the same for each class. See Notes 19 and 25 for additional information. | |||
| External Links | |
| SCHWAB CHARLES CORP (SCHW) Fiscal Year 2021 | |
| 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 |