Charles Schwab Corporation (The) (SCHW) financial statements (2022 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 62,975 | 40,348 | 29,345 | 27,938 | 14,217 | 10,828 | 11,978 | ||
| Cash and cash equivalents | 62,975 | 40,348 | 29,345 | 27,938 | 14,217 | 10,828 | 11,978 | ||
| Total current assets: | 62,975 | 40,348 | 29,345 | 27,938 | 14,217 | 10,828 | 11,978 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 93 | ✕ | ✕ | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 842 | 937 | 577 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,883 | 2,128 | 1,769 | 1,471 | 1,299 | 1,145 | |||
| Intangible assets, net (including goodwill) | 21,331 | 21,943 | 1,355 | 1,378 | 1,335 | 1,371 | 1,408 | ||
| Goodwill | 11,952 | 11,952 | 1,227 | 1,227 | 1,227 | 1,227 | 1,227 | ||
| Intangible assets, net (excluding goodwill) | 9,379 | 9,991 | 128 | 151 | 108 | 144 | 181 | ||
| Total noncurrent assets: | 22,266 | 25,763 | 4,060 | 3,147 | 2,806 | 2,670 | 2,553 | ||
| Other undisclosed assets | 582,029 | 482,898 | 260,600 | 265,397 | 226,251 | 209,885 | 169,187 | ||
| TOTAL ASSETS: | 667,270 | 549,009 | 294,005 | 296,482 | 243,274 | 223,383 | 183,718 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 4,855 | 15,000 | |||||||
| Securities loaned | 7,158 | 7,549 | 1,251 | 1,184 | 966 | 1,996 | 2,233 | ||
| Total current liabilities: | 12,013 | 7,549 | 1,251 | 1,184 | 15,966 | 1,996 | 2,233 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 18,914 | 6,878 | 4,753 | 2,876 | 2,890 | ||||
| Other undisclosed long-term debt and lease obligation | 18,914 | 6,878 | 4,753 | 2,876 | 2,890 | ||||
| Total noncurrent liabilities: | 18,914 | 6,878 | 4,753 | 2,876 | 2,890 | ||||
| Other undisclosed liabilities | 580,082 | 485,400 | 271,009 | 267,750 | 204,030 | 202,090 | 165,193 | ||
| Total liabilities: | 611,009 | 492,949 | 272,260 | 275,812 | 224,749 | 206,962 | 170,316 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 56,261 | 56,060 | 21,745 | 20,670 | 18,525 | 16,421 | 13,402 | ||
| Preferred stock | 9,954 | 7,733 | 2,793 | 2,793 | 2,793 | 2,783 | 1,459 | ||
| Common stock | 20 | 15 | 15 | 15 | 15 | 15 | |||
| Treasury stock, value | (5,338) | (5,578) | (5,767) | (3,714) | (2,892) | (3,130) | (3,343) | ||
| Additional paid in capital | 26,741 | 26,515 | 4,656 | 4,499 | 4,353 | 4,267 | 4,152 | ||
| Accumulated other comprehensive income (loss) | (1,109) | 5,394 | 88 | (252) | (152) | (163) | (134) | ||
| Retained earnings | 25,992 | 21,975 | 19,960 | 17,329 | 14,408 | 12,649 | 11,253 | ||
| Other undisclosed stockholders' equity attributable to parent | 21 | 1 | |||||||
| Total stockholders' equity: | 56,261 | 56,060 | 21,745 | 20,670 | 18,525 | 16,421 | 13,402 | ||
| TOTAL LIABILITIES AND EQUITY: | 667,270 | 549,009 | 294,005 | 296,482 | 243,274 | 223,383 | 183,718 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,520 | 11,691 | 10,721 | 10,132 | 8,618 | 7,478 | 6,380 | |
| Net investment income | 8,506 | 6,531 | 7,580 | 6,680 | 4,624 | 3,493 | 2,657 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 3,392 | 3,055 | 2,650 | |
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (10) | |||||||
| Gross profit: | 18,520 | 11,681 | 10,721 | 10,132 | 8,618 | 7,478 | 6,380 | |
| Operating expenses | (3,042) | (2,225) | (2,170) | (2,011) | (4,521) | (4,106) | (3,759) | |
| Other operating expense, net (Other Expenses) | (876) | (445) | (261) | (313) | (268) | (379) | (342) | |
| Operating income: | 14,602 | 9,011 | 8,290 | 7,808 | 3,829 | 2,993 | 2,279 | |
| Interest and debt expense | (476) | (418) | (1,064) | (857) | (342) | (171) | (132) | |
| Income from continuing operations before equity method investments, income taxes: | 14,126 | 8,593 | 7,226 | 6,951 | 3,487 | 2,822 | 2,147 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (6,413) | (4,293) | (2,378) | (2,389) | 163 | 171 | 132 | |
| Income from continuing operations before income taxes: | 7,713 | 4,300 | 4,848 | 4,562 | 3,650 | 2,993 | 2,279 | |
| Income tax expense | (1,858) | (1,001) | (1,144) | (1,055) | (1,296) | (1,104) | (832) | |
| Net income attributable to parent: | 5,855 | 3,299 | 3,704 | 3,507 | 2,354 | 1,889 | 1,447 | |
| Preferred stock dividends and other adjustments | (495) | (256) | (178) | (178) | (174) | (143) | (83) | |
| Net income available to common stockholders, diluted: | 5,360 | 3,043 | 3,526 | 3,329 | 2,180 | 1,746 | 1,364 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,855 | 3,299 | 3,704 | 3,507 | 2,354 | 1,889 | 1,447 | |
| Other comprehensive income (loss) | (6,503) | 5,306 | 340 | (67) | 11 | (29) | (299) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (648) | 8,605 | 4,044 | 3,440 | 2,365 | 1,860 | 1,148 | |
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.