The Charles Schwab Corporation (SCHW) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,34527,93814,21710,82811,97811,3637,728
Cash and cash equivalents29,34527,93814,21710,82811,97811,3637,728
Total current assets:29,34527,93814,21710,82811,97811,3637,728
Noncurrent Assets
Operating lease, right-of-use asset577
Property, plant and equipment2,1281,7691,4711,2991,1451,039790
Intangible assets, net (including goodwill)1,3551,3781,3351,3711,4081,4541,493
Goodwill1,2271,2271,2271,2271,2271,2271,227
Intangible assets, net (excluding goodwill)128151108144181227266
Total noncurrent assets:4,0603,1472,8062,6702,5532,4932,283
Other undisclosed assets260,600265,397226,251209,885169,187140,786133,631
TOTAL ASSETS:294,005296,482243,274223,383183,718154,642143,642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  15,000    
Securities loaned1,2511,1849661,9962,2331,4771,200
Total current liabilities:1,2511,18415,9661,9962,2331,4771,200
Noncurrent Liabilities
Long-term debt and lease obligation, including: 6,8784,7532,8762,8901,8991,903
Other undisclosed long-term debt and lease obligation 6,8784,7532,8762,8901,8991,903
Total noncurrent liabilities: 6,8784,7532,8762,8901,8991,903
Other undisclosed liabilities271,009267,750204,030202,090165,193139,463130,158
Total liabilities:272,260275,812224,749206,962170,316142,839133,261
Stockholders' equity
Stockholders' equity attributable to parent21,74520,67018,52516,42113,40211,80310,381
Preferred stock2,7932,7932,7932,7831,459872869
Common stock15151515151515
Treasury stock, value(5,767)(3,714)(2,892)(3,130)(3,343)(3,497)(3,716)
Additional paid in capital4,6564,4994,3534,2674,1524,0503,951
Accumulated other comprehensive income (loss)88(252)(152)(163)(134)1659
Retained earnings19,96017,32914,40812,64911,25310,1989,253
Total stockholders' equity:21,74520,67018,52516,42113,40211,80310,381
TOTAL LIABILITIES AND EQUITY:294,005296,482243,274223,383183,718154,642143,642

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net investment income7,5806,6804,6243,4932,6572,374 
Financial services revenue3,3923,0552,6503,4404,400
Gross profit:10,72110,1328,6187,4786,3806,0585,435
Operating expenses(2,170)(2,011)(4,521)(4,106)(3,759)(3,801)(2,694)
Other operating income (expense), net
(Other Expenses)
(261)(313)(268)(379)(342)(311)300
Operating income:8,2907,8083,8292,9932,2791,9463,041
Nonoperating income
(Investment Income, Nonoperating)
     29 
Interest and debt expense(1,064)(857)(342)(171)(132)(102)(105)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     242(1,231)
Income from continuing operations before equity method investments, income taxes:7,2266,9513,4872,8222,1472,1151,705
Other undisclosed income (loss) from continuing operations before income taxes(2,378)(2,389)163171132  
Income from continuing operations before income taxes:4,8484,5623,6502,9932,2792,1151,705
Income tax expense(1,144)(1,055)(1,296)(1,104)(832)(794)(634)
Net income attributable to parent:3,7043,5072,3541,8891,4471,3211,071
Preferred stock dividends and other adjustments(178)(178)(174)(143)(83)(60)(61)
Net income available to common stockholders, diluted:3,5263,3292,1801,7461,3641,2611,010

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,7043,5072,3541,8891,4471,3211,071
Other comprehensive income (loss)340(67)11(29)(299)156(289)
Comprehensive income, net of tax, attributable to parent:4,0443,4402,3651,8601,1481,477782

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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