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

Company profile

Business Address 3000 SCHWAB WAY
WESTLAKE, TX 76262
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,34829,34527,93814,21710,82811,97811,363
Cash and cash equivalents40,34829,34527,93814,21710,82811,97811,363
Total current assets:40,34829,34527,93814,21710,82811,97811,363
Noncurrent Assets
Operating lease, right-of-use asset937577
Property, plant and equipment2,8832,1281,7691,4711,2991,1451,039
Intangible assets, net (including goodwill)21,9431,3551,3781,3351,3711,4081,454
Goodwill11,9521,2271,2271,2271,2271,2271,227
Intangible assets, net (excluding goodwill)9,991128151108144181227
Total noncurrent assets:25,7634,0603,1472,8062,6702,5532,493
Other undisclosed assets482,898260,600265,397226,251209,885169,187140,786
TOTAL ASSETS:549,009294,005296,482243,274223,383183,718154,642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   15,000   
Securities loaned7,5491,2511,1849661,9962,2331,477
Total current liabilities:7,5491,2511,18415,9661,9962,2331,477
Noncurrent Liabilities
Long-term debt and lease obligation, including:  6,8784,7532,8762,8901,899
Other undisclosed long-term debt and lease obligation  6,8784,7532,8762,8901,899
Total noncurrent liabilities:  6,8784,7532,8762,8901,899
Other undisclosed liabilities485,400271,009267,750204,030202,090165,193139,463
Total liabilities:492,949272,260275,812224,749206,962170,316142,839
Stockholders' equity
Stockholders' equity attributable to parent, including:56,06021,74520,67018,52516,42113,40211,803
Preferred stock7,7332,7932,7932,7932,7831,459872
Common stock20151515151515
Treasury stock, value(5,578)(5,767)(3,714)(2,892)(3,130)(3,343)(3,497)
Additional paid in capital26,5154,6564,4994,3534,2674,1524,050
Accumulated other comprehensive income (loss)5,39488(252)(152)(163)(134)165
Retained earnings21,97519,96017,32914,40812,64911,25310,198
Other undisclosed stockholders' equity attributable to parent1      
Total stockholders' equity:56,06021,74520,67018,52516,42113,40211,803
TOTAL LIABILITIES AND EQUITY:549,009294,005296,482243,274223,383183,718154,642

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11,69110,72110,1328,6187,4786,3806,058
Net investment income6,5317,5806,6804,6243,4932,6572,374
Financial services revenue3,3923,0552,6503,440
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(10)      
Gross profit:11,68110,72110,1328,6187,4786,3806,058
Operating expenses(2,225)(2,170)(2,011)(4,521)(4,106)(3,759)(3,801)
Other operating expense, net
(Other Expenses)
(445)(261)(313)(268)(379)(342)(311)
Operating income:9,0118,2907,8083,8292,9932,2791,946
Nonoperating income
(Investment Income, Nonoperating)
      29
Interest and debt expense(418)(1,064)(857)(342)(171)(132)(102)
Other undisclosed income from continuing operations before equity method investments, income taxes      242
Income from continuing operations before equity method investments, income taxes:8,5937,2266,9513,4872,8222,1472,115
Other undisclosed income (loss) from continuing operations before income taxes(4,293)(2,378)(2,389)163171132 
Income from continuing operations before income taxes:4,3004,8484,5623,6502,9932,2792,115
Income tax expense(1,001)(1,144)(1,055)(1,296)(1,104)(832)(794)
Net income attributable to parent:3,2993,7043,5072,3541,8891,4471,321
Preferred stock dividends and other adjustments(256)(178)(178)(174)(143)(83)(60)
Net income available to common stockholders, diluted:3,0433,5263,3292,1801,7461,3641,261

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3,2993,7043,5072,3541,8891,4471,321
Other comprehensive income (loss)5,306340(67)11(29)(299)156
Comprehensive income, net of tax, attributable to parent:8,6054,0443,4402,3651,8601,1481,477

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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