SCHW FY 2017 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$9.0B	—	$7.6B	—	17.1%
Op. Income	$3.6B	—	$3.0B	—	22.0%
Gross Margin	96.2%	—	97.8%	—	-1.6pp
Net Margin	26.3%	—	24.7%	—	1.6pp
EPS (Diluted)	$1.61	—	$1.31	—	22.9%
Free Cash Flow	-$1.2B	—	$3.3B	—	-138.0%

Revenue Flow

Item	Amount
REVENUE	$9.0B
Cost of Revenue	$342M
GROSS PROFIT	$8.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.4B
Other Expenses	$1.6B
Operating Expenses	$5.0B
Cost & Expenses	$5.3B
OPERATING INCOME	$3.6B
Interest Income	$4.6B
Interest Expense	$342M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.2B
D&A	$269M
EBIT	$3.6B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.0B
Cost of Revenue	$342M
GROSS PROFIT	$8.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.4B
Other Expenses	$1.6B
Operating Expenses	$5.0B
Cost & Expenses	$5.3B
OPERATING INCOME	$3.6B
Interest Income	$4.6B
Interest Expense	$342M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.2B
D&A	$269M
EBIT	$3.6B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.4B
Depreciation & Amortization	$269M
Stock-Based Compensation	$153M
Deferred Income Tax	$58M
Other Non-Cash Items	$393M
Change in Working Capital	-$4.1B
OPERATING CASH FLOW	-$839M
Capital Expenditure	-$400M
Acquisitions (Net)	-$1.1B
Purchases of Investments	-$48.0B
Sales/Maturities of Investments	$29.3B
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$20.5B
Net Debt Issuance	$16.9B
Common Stock Repurchased	$0
Common Dividends Paid	-$592M
Other Financing Activities	$6.3B
NET CASH FROM FINANCING	$22.6B
FREE CASH FLOW	-$1.2B
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$14.2B
Short-Term Investments	$50.0B
Net Receivables	$22.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$86.4B
PP&E (Net)	$1.5B
Goodwill	$1.2B
Intangible Assets	$108M
Long-Term Investments	$171.8B
Tax Assets	$76M
Other Non-Current Assets	-$17.9B
TOTAL NON-CURRENT ASSETS	$156.8B
TOTAL ASSETS	$243.3B
Account Payables	$32.5B
Short-Term Debt	$15.0B
Deferred Revenue	$0
Other Current Liabilities	$169.9B
TOTAL CURRENT LIABILITIES	$220.0B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$205.0B
TOTAL NON-CURRENT LIABILITIES	$209.7B
TOTAL LIABILITIES	$224.7B
Common Stock	$15M
Additional Paid-In Capital	$4.4B
Retained Earnings	$14.4B
Treasury Stock	-$2.9B
Accum. Other Comp. Income	-$152M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.5B
Minority Interest	$0
TOTAL EQUITY	$18.5B
TOTAL LIABILITIES & EQUITY	$243.3B
Total Debt	$19.8B
Net Debt	$5.5B