SCHW FY 2011 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2011 Earnings

Reported February 24, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$4.9B	—	$4.5B	—	9.2%
Op. Income	$1.4B	—	$779M	—	78.7%
Gross Margin	96.4%	—	95.6%	—	0.9pp
Net Margin	17.7%	—	10.1%	—	7.5pp
EPS (Diluted)	$0.70	—	$0.38	—	84.2%
Free Cash Flow	$2.3B	—	-$138M	—	1755.1%

Revenue Flow

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$193M
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$1.1B
Operating Expenses	$3.3B
Cost & Expenses	$3.5B
OPERATING INCOME	$1.4B
Interest Income	$1.9B
Interest Expense	$175M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$528M
Net Income from Continuing Ops	$864M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$864M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$864M
D&A	$155M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$193M
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$1.1B
Operating Expenses	$3.3B
Cost & Expenses	$3.5B
OPERATING INCOME	$1.4B
Interest Income	$1.9B
Interest Expense	$175M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$528M
Net Income from Continuing Ops	$864M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$864M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$864M
D&A	$155M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$864M
Depreciation & Amortization	$155M
Stock-Based Compensation	$99M
Deferred Income Tax	$52M
Other Non-Cash Items	$323M
Change in Working Capital	$971M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$180M
Acquisitions (Net)	$54M
Purchases of Investments	-$20.7B
Sales/Maturities of Investments	$13.3B
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$8.7B
Net Debt Issuance	-$116M
Common Stock Repurchased	$0
Common Dividends Paid	-$295M
Other Financing Activities	$10.4B
NET CASH FROM FINANCING	$10.0B
FREE CASH FLOW	$2.3B
Net Change in Cash	$3.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.7B
Short-Term Investments	$0
Net Receivables	$11.8B
Inventory	-$625M
Other Current Assets	$23.0B
TOTAL CURRENT ASSETS	$43.0B
PP&E (Net)	$685M
Goodwill	$1.2B
Intangible Assets	$326M
Long-Term Investments	$49.7B
Tax Assets	$267M
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$54.0B
TOTAL ASSETS	$108.8B
Account Payables	$36.6B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$60.9B
TOTAL CURRENT LIABILITIES	$98.8B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$100.8B
Common Stock	$15M
Additional Paid-In Capital	$3.8B
Retained Earnings	$8.0B
Treasury Stock	-$4.1B
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.7B
Minority Interest	$0
TOTAL EQUITY	$7.7B
TOTAL LIABILITIES & EQUITY	$108.6B
Total Debt	$2.0B
Net Debt	-$6.7B