SCHW FY 2009 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2009 Earnings

Reported February 25, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$4.5B	—	—	—	—
Op. Income	$1.3B	—	—	—	—
Gross Margin	91.8%	—	—	—	—
Net Margin	17.6%	—	—	—	—
EPS (Diluted)	$0.68	—	—	—	—
Free Cash Flow	$1.3B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$404M
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$853M
Operating Expenses	$2.8B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.3B
Interest Income	$1.4B
Interest Expense	$366M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$489M
Net Income from Continuing Ops	$787M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$787M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$787M
D&A	$159M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$404M
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$853M
Operating Expenses	$2.8B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.3B
Interest Income	$1.4B
Interest Expense	$366M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$489M
Net Income from Continuing Ops	$787M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$787M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$787M
D&A	$159M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$787M
Depreciation & Amortization	$159M
Stock-Based Compensation	$75M
Deferred Income Tax	$16M
Other Non-Cash Items	-$3M
Change in Working Capital	$403M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$140M
Acquisitions (Net)	$0
Purchases of Investments	-$19.8B
Sales/Maturities of Investments	$7.3B
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$14.1B
Net Debt Issuance	$667M
Common Stock Repurchased	$0
Common Dividends Paid	-$279M
Other Financing Activities	$15.0B
NET CASH FROM FINANCING	$15.4B
FREE CASH FLOW	$1.3B
Net Change in Cash	$2.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$26.6B
Short-Term Investments	$0
Net Receivables	$9.2B
Inventory	$0
Other Current Assets	$38.5B
TOTAL CURRENT ASSETS	$35.8B
PP&E (Net)	$641M
Goodwill	$528M
Intangible Assets	$0
Long-Term Investments	$37.4B
Tax Assets	-$38.5B
Other Non-Current Assets	-$37.4B
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$75.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10.2B
TOTAL CURRENT LIABILITIES	$40.2B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$28.6B
TOTAL NON-CURRENT LIABILITIES	$30.1B
TOTAL LIABILITIES	$70.4B
Common Stock	$14M
Additional Paid-In Capital	$2.3B
Retained Earnings	$7.2B
Treasury Stock	-$4.3B
Accum. Other Comp. Income	-$191M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$0
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$75.4B
Total Debt	$1.5B
Net Debt	-$25.1B