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Financials › Security Brokers, Dealers And Flotation Companies

SCHW Price Correlated With Financials For Charles Schwab

Free historical financial statements for Charles Schwab Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 49 quarters since 2010. Compare with SCHW stock chart to see long term trends.

SCHW Stock Compared to Quarterly

SCHW Income Statement

Revenue, Net:4672000000
Revenue Per Share:2.4667
Total Operating Expenses:2833000000
Operating Income:1839000000
Income Taxes:437000000
Net Income:1402000000
Earnings Per Share, Basic:0.67
Shares Outstanding, Basic Avg:1894000000

SCHW Cash Flow

Operating Activities Net Income:
Net Cash from Operations:3053000000
Net Cash from Operations Per Share:1.6119
Issuance of Long-term Debt:2971000000
Cash Dividends Paid:509000000
Net Cash from Financing Activities:24609000000
Property, Plant & Equipment Purchases:296000000
Net Cash from Investing Activities:-3642000000
Net Change in Cash & Equivalents:24020000000

SCHW Balance Sheet

Cash and Cash Equivalents:117358000000
Property, Plant & Equipment, Net:3499000000
Total Assets:680950000000
Total Liabilities:632852000000

Insider Trading

SEC Form 4
Bettinger Walter W   CEO
72,911 sh at $67
Bettinger Walter W   CEO
4,341 sh at $69
Bettinger Walter W   CEO
26,108 sh at $69
Bettinger Walter W   CEO
36,640 sh at $69
Introduction and Basis of Presentation The Charles Schwab Corporation (CSC) is a savings and loan holding company. CSC engages, through its subsidiaries (collectively referred to as Schwab or the Company), in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.

Principal business subsidiaries of CSC include the following:

• Charles Schwab & Co., Inc. (CS&Co), incorporated in 1971, a securities broker-dealer;

• TD Ameritrade, Inc., an introducing securities broker-dealer;

• TD Ameritrade Clearing, Inc. (TDAC), a securities broker-dealer that provides trade execution and clearing services to TD Ameritrade, Inc.;

• Charles Schwab Bank, SSB (CSB), our principal banking entity; and

• Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab’s proprietary mutual funds (Schwab Funds ® ) and for Schwab’s exchange-traded funds (Schwab ETFs ™ ).

Schwab’s securities broker-dealers have approximately 400 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore.

Unless otherwise indicated, the terms “Schwab,” “the Company,” “we,” “us,” or “our” mean CSC together with its consolidated subsidiaries.

The accompanying consolidated financial statements include CSC and its subsidiaries. Intercompany balances and transactions have been eliminated. These consolidated financial statements have been prepared in conformity with GAAP, which require management to make certain estimates and assumptions that affect the reported amounts in the accompanying financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgment, actual amounts or results could differ from those estimates. Certain estimates relate to taxes on income, legal and regulatory reserves, and fair values of assets acquired and liabilities assumed, as well as goodwill recognized, in business combinations.

Effective October 6, 2020, the Company completed its acquisition of TDA Holding and its consolidated subsidiaries (collectively referred to as “TD Ameritrade” or “TDA”). Our consolidated financial statements include the results of operations and financial condition of TD Ameritrade beginning on October 6, 2020. See Note 3 for additional information on our acquisition of TD Ameritrade.

Principles of Consolidation

Schwab evaluates all entities in which it has financial interests for consolidation, except for money market funds, which are specifically excluded from consolidation guidance. When an entity is evaluated for consolidation, Schwab determines whether its interest in the entity constitutes a controlling financial interest under either the variable interest entity (VIE) model or the voting interest entity (VOE) model. In evaluating whether Schwab’s interest in a VIE is a controlling financial interest, we consider whether our involvement in the context of the design, purpose, and risks of the VIE, as well as any involvement of related parties, provides us with (i) the power to direct the most significant activities of the VIE, and (ii) the obligation to absorb losses or receive benefits that are significant to the VIE. If both of these conditions exist, then Schwab would be the primary beneficiary of that VIE and consolidate it. Based upon the assessments for all of our interests in VIEs, there are no cases where the Company is the primary beneficiary; therefore, we are not required to consolidate any VIEs. See Note 11 for further information about VIEs. Schwab consolidates all VOEs in which it has majority-voting interests.

Investments in entities in which Schwab does not have a controlling financial interest are accounted for under the equity method of accounting when we have the ability to exercise significant influence over operating and financing decisions of

Data imported from Charles Schwab Corp SEC filings. Check original filings before making any investment decision.