SCHW FY 2012 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$5.0B	—	$4.9B	—	3.4%
Op. Income	$1.4B	—	$1.4B	—	4.2%
Gross Margin	97.0%	—	96.4%	—	0.6pp
Net Margin	18.4%	—	17.7%	—	0.7pp
EPS (Diluted)	$0.69	—	$0.70	—	-1.4%
Free Cash Flow	$1.1B	—	$2.3B	—	-51.1%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$166M
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	$1.2B
Operating Expenses	$3.4B
Cost & Expenses	$3.6B
OPERATING INCOME	$1.4B
Interest Income	$1.9B
Interest Expense	$150M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$522M
Net Income from Continuing Ops	$928M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$928M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$883M
D&A	$196M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$166M
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	$1.2B
Operating Expenses	$3.4B
Cost & Expenses	$3.6B
OPERATING INCOME	$1.4B
Interest Income	$1.9B
Interest Expense	$150M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$522M
Net Income from Continuing Ops	$928M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$928M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$883M
D&A	$196M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$928M
Depreciation & Amortization	$196M
Stock-Based Compensation	$105M
Deferred Income Tax	$5M
Other Non-Cash Items	$368M
Change in Working Capital	-$336M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$148M
Acquisitions (Net)	-$80M
Purchases of Investments	-$37.7B
Sales/Maturities of Investments	$22.7B
Other Investing Activities	-$975M
NET CASH FROM INVESTING	-$16.3B
Net Debt Issuance	-$82M
Common Stock Repurchased	$0
Common Dividends Paid	-$337M
Other Financing Activities	$18.5B
NET CASH FROM FINANCING	$19.0B
FREE CASH FLOW	$1.1B
Net Change in Cash	$4.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$12.7B
Short-Term Investments	$46.1B
Net Receivables	$14.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$73.3B
PP&E (Net)	$675M
Goodwill	$1.2B
Intangible Assets	$319M
Long-Term Investments	$29.7B
Tax Assets	$0
Other Non-Current Assets	$28.5B
TOTAL NON-CURRENT ASSETS	$60.4B
TOTAL ASSETS	$133.6B
Account Payables	$41.4B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$79.4B
TOTAL CURRENT LIABILITIES	$122.4B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$124.0B
Common Stock	$15M
Additional Paid-In Capital	$3.9B
Retained Earnings	$8.6B
Treasury Stock	-$4.0B
Accum. Other Comp. Income	$298M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.6B
Minority Interest	$0
TOTAL EQUITY	$9.6B
TOTAL LIABILITIES & EQUITY	$133.6B
Total Debt	$1.6B
Net Debt	-$11.0B