Cash flow Charles Schwab

Equities

SCHW

US8085131055

Investment Banking & Brokerage Services

Market Closed - Nyse Other stock markets 21:00:02 09/09/2024 BST			After market 00:23:39
63.01 ^USD	+0.17%		63.42	+0.66%

09-04	TD Cowen Adjusts Price Target on Charles Schwab to $69 From $71, Maintains Hold Rating	MT
08-23	Toronto-Dominion Bank May See Additional Weather-Related Impact in Fiscal Q4, RBC Says	MT

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Published financial data: CHARLES SCHWAB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	7.58B	6.53B	8.51B	12.23B	16.11B
Interest Expense, Total	1.06B	418M	476M	1.54B	6.68B
Net Interest Income	6.52B	6.11B	8.03B	10.68B	9.43B
Trading and Principal Transactions	617M	1.42B	4.15B	3.67B	3.23B
Asset Management Fee	3.21B	3.48B	4.27B	4.22B	4.76B
Gain (Loss) on Sale of Investments, Total (Rev)	6M	4M	4M	-9M	61M
Other Revenues, Total	371M	683M	2.06B	2.2B	1.36B
Revenues Before Provison For Loan Losses	10.72B	11.69B	18.52B	20.76B	18.84B
Provision For Loan Losses	-	-	-	-	-
Total Revenues	10.72B	11.69B	18.52B	20.76B	18.84B
Salaries And Other Employee Benefits	3.26B	3.72B	5.17B	5.72B	5.84B
Cost of Services Provided, Total	1.94B	2.23B	3.15B	3.32B	3.7B
Depreciation & Amortization - (IS) - (Collected)	349M	414M	549M	652M	804M
Amortization of Goodwill and Intangible Assets - (IS)	-	190M	615M	596M	534M
Other Operating Expenses	261M	415M	876M	714M	713M
Total Operating Expenses	5.81B	6.97B	10.35B	10.99B	11.59B
Operating Income	4.91B	4.72B	8.17B	9.77B	7.24B
EBT, Excl. Unusual Items	4.91B	4.72B	8.17B	9.77B	7.24B
Restructuring Charges	-62M	-	-	-	-490M
Total Merger & Related Restructuring Charges	-	-423M	-454M	-381M	-377M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	4.85B	4.3B	7.71B	9.39B	6.38B
Income Tax Expense	1.14B	1B	1.86B	2.2B	1.31B
Earnings From Continuing Operations	3.7B	3.3B	5.86B	7.18B	5.07B
Net Income to Company	3.7B	3.3B	5.86B	7.18B	5.07B
Net Income - (IS)	3.7B	3.3B	5.86B	7.18B	5.07B
Preferred Dividend and Other Adjustments	178M	256M	495M	548M	418M
Net Income to Common Incl Extra Items	3.53B	3.04B	5.36B	6.64B	4.65B
Net Income to Common Excl. Extra Items	3.53B	3.04B	5.36B	6.64B	4.65B
Per Share Items
Net EPS - Basic	2.69	2.13	2.84	3.52	2.55
Basic EPS - Continuing Operations	2.69	2.13	2.84	3.52	2.55
Basic Weighted Average Shares Outstanding	1.31B	1.43B	1.89B	1.88B	1.82B
Net EPS - Diluted	2.67	2.12	2.83	3.5	2.54
Diluted EPS - Continuing Operations	2.67	2.12	2.83	3.5	2.54
Diluted Weighted Average Shares Outstanding	1.32B	1.44B	1.9B	1.89B	1.83B
Normalized Basic EPS	2.34	2.07	2.71	3.24	2.48
Normalized Diluted EPS	2.32	2.06	2.69	3.22	2.47
Dividend Per Share	0.68	0.72	0.72	0.84	1
Payout Ratio	28.62	38.8	31.12	29.37	44.92
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
Effective Tax Rate - (Ratio)	23.6	23.28	24.09	23.49	20.56
Current Domestic Taxes	1.14B	1.14B	1.8B	2.22B	1.79B
Total Current Taxes	1.14B	1.14B	1.8B	2.22B	1.79B
Deferred Domestic Taxes	2M	-138M	53M	-18M	-478M
Total Deferred Taxes	2M	-138M	53M	-18M	-478M
Normalized Net Income	3.07B	2.95B	5.1B	6.11B	4.53B
Non-Cash Pension Expense	13M	17M	16M	19M	12M
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	183M	204M	254M	366M	320M
Total Stock-Based Compensation	183M	204M	254M	366M	320M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	29.34B	40.35B	62.98B	40.2B	43.34B
Cash & Securities Segregated	20.48B	50.4B	53.95B	42.98B	31.84B
Securities Owned	718M	687M	1.58B	1.43B	1.91B
Securities Borrowed	735M	873M	582M	705M	1.56B
Accounts Receivable, Total	22.12B	65.02B	91.2B	67.15B	69.27B
Other Receivables	19.24B	26.74B	38.73B	44.6B	44.98B
Gross Property Plant And Equipment	4.94B	6.49B	7.17B	7.84B	8.08B
Accumulated Depreciation	-2.24B	-2.67B	-2.89B	-3.23B	-3.76B
Net Property Plant And Equipment	2.7B	3.82B	4.28B	4.61B	4.32B
Goodwill	1.23B	11.95B	11.95B	11.95B	11.95B
Other Intangibles, Total	128M	9.99B	9.38B	8.79B	8.26B
Investment In Debt and Equity Securities	196B	338B	390B	320B	269B
Other Current Assets, Total	1.2B	300M	999M	2.23B	100M
Deferred Tax Assets Long-Term (Collected)	-	-	-	5.37B	4.3B
Deferred Charges Long-Term	281M	303M	344M	379M	416M
Other Long-Term Assets, Total	299M	486M	1.18B	1.41B	2.35B
Total Assets	294B	549B	667B	552B	493B
Liabilities
Accounts Payable, Total	39.22B	104B	126B	97.44B	84.79B
Accrued Expenses, Total	3.23B	4.5B	7.54B	7.19B	10.38B
Short-Term Borrowings	1.25B	7.55B	12.01B	21.25B	38.35B
Current Portion of Long-Term Debt	-	-	-	800M	3.65B
Current Portion of Leases	128M	182M	191M	263M	231M
Long-Term Debt	7.43B	13.63B	18.91B	19.96B	22.39B
Long-Term Leases	522M	851M	741M	799M	746M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	220B	358B	444B	367B	290B
Pension & Other Post Retirement Benefits	-	92M	119M	78M	125M
Deferred Tax Liability Non-Current	110M	3.46B	1.48B	-	556M
Other Non Current Liabilities	275M	454M	565M	665M	1.05B
Total Liabilities	272B	493B	611B	515B	452B
Preferred Stock Redeemable	2.79B	7.73B	9.95B	9.71B	9.19B
Total Preferred Equity	2.79B	7.73B	9.95B	9.71B	9.19B
Common Stock, Total	15M	21M	21M	21M	21M
Additional Paid In Capital	4.66B	26.52B	26.74B	27.08B	27.33B
Retained Earnings	19.96B	21.98B	25.99B	31.07B	33.9B
Treasury Stock	-5.77B	-5.58B	-5.34B	-8.64B	-11.35B
Comprehensive Income and Other	88M	5.39B	-1.11B	-22.62B	-18.13B
Total Common Equity	18.95B	48.33B	46.31B	26.9B	31.77B
Total Equity	21.74B	56.06B	56.26B	36.61B	40.96B
Total Liabilities And Equity	294B	549B	667B	552B	493B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.29B	1.88B	1.89B	1.84B	1.82B
ECS Total Common Shares Outstanding	1.29B	1.88B	1.89B	1.85B	1.82B
Book Value / Share	14.74	25.7	24.46	14.52	17.42
Tangible Book Value	17.6B	26.38B	24.98B	6.16B	11.56B
Tangible Book Value Per Share	13.69	14.03	13.19	3.33	6.34
Total Debt	9.33B	22.21B	31.86B	43.07B	65.37B
Debt Equivalent of Unfunded Proj. Benefit Obligation	83M	92M	119M	78M	125M
Net Debt	-41.95B	-70.09B	-87.23B	-42.24B	-13.28B
Full Time Employees	19.7K	32K	33.4K	35.3K	33K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.7B	3.3B	5.86B	7.18B	5.07B
Depreciation, Depletion & Amortization	322M	414M	549M	652M	804M
Amortization of Goodwill and Intangible Assets - (CF)	27M	190M	615M	596M	534M
Total Depreciation, Depletion & Amortization	349M	604M	1.16B	1.25B	1.34B
(Gain) Loss on Sale of Investments - (CF)	446M	1.59B	2.35B	1.38B	830M
Provision for Credit Losses	-	-	-	-	-
Stock-Based Compensation (CF)	183M	204M	254M	366M	320M
Change in Accounts Receivable	-125M	-14.61B	-26.17B	23.95B	-2.14B
Change in Accounts Payable	6.49B	22.91B	21.47B	-28.23B	-12.65B
Change in Other Net Operating Assets (Collected)	-1.93B	-7.35B	-3.23B	-4.3B	26.6B
Other Operating Activities	201M	211M	425M	472M	224M
Cash from Operations	9.32B	6.85B	2.12B	2.06B	19.59B
Capital Expenditure	-708M	-631M	-916M	-971M	-700M
Cash Acquisitions	-	14.75B	-	-	-
Investment in Marketable and Equity Securities, Total	14.46B	-134B	-63.51B	39.35B	58.95B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.73B	-5.68B	-10.84B	-5.79B	99M
Other Investing Activities, Total	-59M	-170M	-388M	-544M	-935M
Cash from Investing	11.96B	-126B	-75.66B	32.05B	57.41B
Short Term Debt Issued, Total	-	-	11.11B	18.7B	66.2B
Long-Term Debt Issued, Total	593M	3.07B	7.04B	2.97B	6.1B
Total Debt Issued	593M	3.07B	18.14B	21.67B	72.3B
Short Term Debt Repaid, Total	-	-	-6.26B	-6.51B	-50.3B
Long-Term Debt Repaid, Total	-	-700M	-1.82B	-1.04B	-831M
Total Debt Repaid	-	-700M	-8.08B	-7.55B	-51.14B
Issuance of Common Stock	118M	79M	221M	64M	49M
Repurchase of Common Stock	-2.22B	-	-	-3.4B	-2.84B
Issuance of Preferred Stock	-	4.94B	2.81B	740M	-
Repurchase of Preferred Stock	-	-	-600M	-1B	-467M
Common Dividends Paid	-899M	-1.04B	-1.37B	-1.6B	-1.84B
Preferred Dividends Paid	-161M	-240M	-456M	-505M	-438M
Common & Preferred Stock Dividends Paid	-1.06B	-1.28B	-1.82B	-2.11B	-2.28B
Other Financing Activities, Total	-11.37B	138B	85.65B	-77.15B	-76.87B
Cash from Financing	-13.94B	144B	96.32B	-68.72B	-61.24B
Net Change in Cash	7.35B	24.98B	22.78B	-34.62B	15.75B
Supplemental Items
Cash Interest Paid	1.08B	434M	501M	1.36B	5.62B
Cash Income Tax Paid (Refund)	1.2B	803M	2.05B	2.13B	1.62B
Net Debt Issued / Repaid	593M	2.37B	10.07B	14.13B	21.16B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.25	0.78	0.96	1.18	0.97
Return On Equity %	17.47	8.48	10.43	15.47	13.06
Return on Common Equity	19.15	9.05	11.33	18.13	15.85
Margin Analysis
Gross Profit Margin %	97.64	96.98	96.83	97.17	96.66
SG&A Margin	46.15	47.87	41.72	40.67	47.31
Income From Continuing Operations Margin %	34.55	28.22	31.61	34.6	26.9
Net Income Margin %	34.55	28.22	31.61	34.6	26.9
Net Avail. For Common Margin %	32.89	26.03	28.94	31.96	24.68
Normalized Net Income Margin	28.62	25.25	27.56	29.41	24.04
Asset Turnover
Asset Turnover	0.04	0.03	0.03	0.03	0.04
Short Term Liquidity
Current Ratio	0.36	0.39	0.42	0.4	0.45
Quick Ratio	0.35	0.39	0.42	0.4	0.45
Operating Cash Flow to Current Liabilities	0.04	0.01	0	0	0.05
Long Term Solvency
Total Debt/Equity	42.91	39.63	56.63	117.66	159.6
Total Debt / Total Capital	30.03	28.38	36.15	54.06	61.48
LT Debt/Equity	36.57	25.83	34.94	56.71	56.49
Long-Term Debt / Total Capital	25.59	18.5	22.3	26.05	21.76
Total Liabilities / Total Assets	92.6	89.79	91.57	93.37	91.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.81	9.05	58.41	12.11	-9.27
Gross Profit, 1 Yr. Growth %	5.84	8.31	58.17	12.5	-9.75
Earnings From Cont. Operations, 1 Yr. Growth %	5.62	-10.93	77.48	22.68	-29.46
Net Income, 1 Yr. Growth %	5.62	-10.93	77.48	22.68	-29.46
Normalized Net Income, 1 Yr. Growth %	7.63	-4.32	72.92	19.62	-25.84
Diluted EPS Before Extra, 1 Yr. Growth %	8.98	-20.6	33.49	23.67	-27.43
Common Equity, 1 Yr. Growth %	6.01	155	-4.18	-41.91	18.08
Total Assets, 1 Yr. Growth %	-0.84	86.73	21.54	-17.31	-10.62
Tangible Book Value, 1 Yr. Growth %	6.66	49.93	-5.34	-75.33	87.54
Cash From Operations, 1 Yr. Growth %	-25.14	-26.52	-69.09	-2.88	852.21
Capital Expenditures, 1 Yr. Growth %	24.21	-10.88	45.17	6	-27.91
Dividend Per Share, 1 Yr. Growth %	47.83	5.88	0	16.67	19.05
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.54	7.42	31.43	33.26	0.85
Gross Profit, 2 Yr. CAGR %	11.72	7.07	30.89	33.39	0.76
Earnings From Cont. Operations, 2 Yr. CAGR %	25.44	-3.01	25.73	47.56	-6.97
Net Income, 2 Yr. CAGR %	25.44	-3.01	25.73	47.56	-6.97
Normalized Net Income, 2 Yr. CAGR %	15.98	1.75	29.45	43.82	-5.81
Diluted EPS Before Extra, 2 Yr. CAGR %	28.78	-6.98	2.95	28.49	-5.26
Common Equity, 2 Yr. CAGR %	9.76	64.42	56.31	-25.39	-17.17
Total Assets, 2 Yr. CAGR %	9.93	36.08	50.65	0.25	-14.03
Tangible Book Value, 2 Yr. CAGR %	10.56	26.46	19.14	-51.67	-31.98
Cash From Operations, 2 Yr. CAGR %	233.38	-25.83	-52.34	-45.21	204.1
Capital Expenditures, 2 Yr. CAGR %	33.04	5.21	13.74	24.05	-12.58
Dividend Per Share, 2 Yr. CAGR %	45.77	25.11	2.9