SCHW FY 2014 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2014 Earnings

Reported February 23, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$6.2B	—	$5.5B	—	11.1%
Op. Income	$2.1B	—	$1.7B	—	24.0%
Gross Margin	98.3%	—	98.1%	—	0.2pp
Net Margin	21.5%	—	19.3%	—	2.1pp
EPS (Diluted)	$0.95	—	$0.78	—	21.8%
Free Cash Flow	$1.9B	—	$1.4B	—	38.5%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$98M
GROSS PROFIT	$6.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$1.3B
Operating Expenses	$3.9B
Cost & Expenses	$4.0B
OPERATING INCOME	$2.1B
Interest Income	$2.4B
Interest Expense	$102M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$794M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$199M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$98M
GROSS PROFIT	$6.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$1.3B
Operating Expenses	$3.9B
Cost & Expenses	$4.0B
OPERATING INCOME	$2.1B
Interest Income	$2.4B
Interest Expense	$102M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$794M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$199M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$199M
Stock-Based Compensation	$115M
Deferred Income Tax	-$25M
Other Non-Cash Items	$115M
Change in Working Capital	$623M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$400M
Acquisitions (Net)	$0
Purchases of Investments	-$22.1B
Sales/Maturities of Investments	$15.1B
Other Investing Activities	-$1.0B
NET CASH FROM INVESTING	-$8.4B
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$373M
Other Financing Activities	$10.1B
NET CASH FROM FINANCING	$9.7B
FREE CASH FLOW	$1.9B
Net Change in Cash	$3.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.4B
Short-Term Investments	$54.8B
Net Receivables	$16.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$82.9B
PP&E (Net)	$1.0B
Goodwill	$1.2B
Intangible Assets	$227M
Long-Term Investments	$48.4B
Tax Assets	$0
Other Non-Current Assets	$20.8B
TOTAL NON-CURRENT ASSETS	$71.7B
TOTAL ASSETS	$154.6B
Account Payables	$36.3B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$102.8B
TOTAL CURRENT LIABILITIES	$140.9B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$140.9B
TOTAL NON-CURRENT LIABILITIES	$142.8B
TOTAL LIABILITIES	$142.8B
Common Stock	$15M
Additional Paid-In Capital	$4.0B
Retained Earnings	$10.2B
Treasury Stock	-$3.5B
Accum. Other Comp. Income	$165M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.8B
Minority Interest	$0
TOTAL EQUITY	$11.8B
TOTAL LIABILITIES & EQUITY	$154.6B
Total Debt	$1.9B
Net Debt	-$9.5B