The Charles Schwab Corporation (SCHW) financial statements (2021 and earlier)

Company profile

Business Address 211 MAIN STREET
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End December 31
SIC 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,34520,25224,19932,55827,93821,83013,250
Cash and cash equivalents29,34520,25224,19932,55827,93821,83013,250
Total current assets:29,34520,25224,19932,55827,93821,83013,250
Noncurrent Assets
Operating lease, right-of-use asset577596601 
Property, plant and equipment2,1282,0171,9091,8131,7691,6831,599
Intangible assets, net (including goodwill)1,3551,2271,2271,2271,3781,2271,320
Goodwill1,2271,2271,2271,2271,2271,2271,227
Intangible assets, net (excluding goodwill)128   151 93
Total noncurrent assets:4,0603,8403,7373,0403,1472,9102,919
Other undisclosed assets260,600254,895248,385247,217265,397247,362245,713
TOTAL ASSETS:294,005278,987276,321282,815296,482272,102261,882
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Securities loaned1,2511,4711,5541,4431,1841,062946
Total current liabilities:1,2511,4711,5541,4431,1841,062946
Noncurrent Liabilities
Long-term debt and lease obligation, including: 7,4277,4246,8296,8785,7905,789
Other undisclosed long-term debt and lease obligation 7,4277,4246,8296,8785,7905,789
Total noncurrent liabilities: 7,4277,4246,8296,8785,7905,789
Other undisclosed liabilities271,009248,735246,023252,918267,750244,416235,050
Total liabilities:272,260257,633255,001261,190275,812251,268241,785
Stockholders' equity
Stockholders' equity attributable to parent21,74521,35421,32021,62520,67020,83420,097
Preferred stock2,7932,7932,7932,7932,7932,7932,793
Common stock15151515151515
Treasury stock, value(5,767)(5,612)(4,866)(3,677)(3,714)(2,769)(2,783)
Additional paid in capital4,6564,6404,5994,5484,4994,4844,447
Accumulated other comprehensive income (loss)8814499(71)(252)(304)(278)
Retained earnings19,96019,37418,68018,01717,32916,61515,903
Total stockholders' equity:21,74521,35421,32021,62520,67020,83420,097
TOTAL LIABILITIES AND EQUITY:294,005278,987276,321282,815296,482272,102261,882

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net investment income1,7631,8921,9271,998 1,7551,590
Financial services revenue809814
Gross profit:2,6062,7112,6812,7232,6692,5792,486
Operating expenses(587)(534)(534)(515)1,710(1,232)(1,233)
Other operating expense, net
(Other Expenses)
(71)(54)(74)(62)(81)(71)(72)
Operating income:1,9482,1232,0732,1464,2981,2761,181
Interest and debt expense(168)(261)(318)(317)(288)(228)(183)
Income from continuing operations before equity method investments, income taxes:1,7801,8621,7551,8294,0101,048998
Other undisclosed income (loss) from continuing operations before income taxes(668)(626)(519)(565)(2,800)171133
Income from continuing operations before income taxes:1,1121,2361,2361,2641,2101,2191,131
Income tax expense(260)(285)(299)(300)(275)(296)(265)
Net income attributable to parent:852951937964935923866
Preferred stock dividends and other adjustments(51)(38)(50)(39)(50)(38)(53)
Net income available to common stockholders, diluted:801913887925885885813

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:852951937964935923866
Other comprehensive income (loss)(56)4517018152(26)(18)
Comprehensive income, net of tax, attributable to parent:7969961,1071,145987897848

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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