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 investments62,97540,34829,34527,93814,21710,82811,978
Cash and cash equivalents62,97540,34829,34527,93814,21710,82811,978
Total current assets:62,97540,34829,34527,93814,21710,82811,978
Noncurrent Assets
Finance lease, right-of-use asset93  
Operating lease, right-of-use asset842937577
Property, plant and equipment 2,8832,1281,7691,4711,2991,145
Intangible assets, net (including goodwill)21,33121,9431,3551,3781,3351,3711,408
Goodwill11,95211,9521,2271,2271,2271,2271,227
Intangible assets, net (excluding goodwill)9,3799,991128151108144181
Total noncurrent assets:22,26625,7634,0603,1472,8062,6702,553
Other undisclosed assets582,029482,898260,600265,397226,251209,885169,187
TOTAL ASSETS:667,270549,009294,005296,482243,274223,383183,718
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,855   15,000  
Securities loaned7,1587,5491,2511,1849661,9962,233
Total current liabilities:12,0137,5491,2511,18415,9661,9962,233
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,914  6,8784,7532,8762,890
Other undisclosed long-term debt and lease obligation18,914  6,8784,7532,8762,890
Total noncurrent liabilities:18,914  6,8784,7532,8762,890
Other undisclosed liabilities580,082485,400271,009267,750204,030202,090165,193
Total liabilities:611,009492,949272,260275,812224,749206,962170,316
Stockholders' equity
Stockholders' equity attributable to parent, including:56,26156,06021,74520,67018,52516,42113,402
Preferred stock9,9547,7332,7932,7932,7932,7831,459
Common stock 201515151515
Treasury stock, value(5,338)(5,578)(5,767)(3,714)(2,892)(3,130)(3,343)
Additional paid in capital26,74126,5154,6564,4994,3534,2674,152
Accumulated other comprehensive income (loss)(1,109)5,39488(252)(152)(163)(134)
Retained earnings25,99221,97519,96017,32914,40812,64911,253
Other undisclosed stockholders' equity attributable to parent211     
Total stockholders' equity:56,26156,06021,74520,67018,52516,42113,402
TOTAL LIABILITIES AND EQUITY:667,270549,009294,005296,482243,274223,383183,718

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
Revenues18,52011,69110,72110,1328,6187,4786,380
Net investment income8,5066,5317,5806,6804,6243,4932,657
Financial services revenue3,3923,0552,650
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (10)     
Gross profit:18,52011,68110,72110,1328,6187,4786,380
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:14,6029,0118,2907,8083,8292,9932,279
Interest and debt expense(476)(418)(1,064)(857)(342)(171)(132)
Income from continuing operations before equity method investments, income taxes:14,1268,5937,2266,9513,4872,8222,147
Other undisclosed income (loss) from continuing operations before income taxes(6,413)(4,293)(2,378)(2,389)163171132
Income from continuing operations before income taxes:7,7134,3004,8484,5623,6502,9932,279
Income tax expense(1,858)(1,001)(1,144)(1,055)(1,296)(1,104)(832)
Net income attributable to parent:5,8553,2993,7043,5072,3541,8891,447
Preferred stock dividends and other adjustments(495)(256)(178)(178)(174)(143)(83)
Net income available to common stockholders, diluted:5,3603,0433,5263,3292,1801,7461,364

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:5,8553,2993,7043,5072,3541,8891,447
Other comprehensive income (loss)(6,503)5,306340(67)11(29)(299)
Comprehensive income (loss), net of tax, attributable to parent:(648)8,6054,0443,4402,3651,8601,148

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.

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