SCHW FY 2018 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2018 Earnings

Reported February 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$11.0B	—	$9.0B	—	22.6%
Op. Income	$4.6B	—	$3.6B	—	25.0%
Gross Margin	92.2%	—	96.2%	—	-4.0pp
Net Margin	31.9%	—	26.3%	—	5.6pp
EPS (Diluted)	$2.45	—	$1.61	—	52.2%
Free Cash Flow	$11.9B	—	-$1.2B	—	1059.3%

Revenue Flow

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$857M
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.8B
Other Expenses	$1.8B
Operating Expenses	$5.6B
Cost & Expenses	$6.4B
OPERATING INCOME	$4.6B
Interest Income	$6.7B
Interest Expense	$857M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$306M
EBIT	$4.6B
EBITDA	$4.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$857M
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.8B
Other Expenses	$1.8B
Operating Expenses	$5.6B
Cost & Expenses	$6.4B
OPERATING INCOME	$4.6B
Interest Income	$6.7B
Interest Expense	$857M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$306M
EBIT	$4.6B
EBITDA	$4.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.5B
Depreciation & Amortization	$306M
Stock-Based Compensation	$197M
Deferred Income Tax	$49M
Other Non-Cash Items	$487M
Change in Working Capital	$7.9B
OPERATING CASH FLOW	$12.5B
Capital Expenditure	-$570M
Acquisitions (Net)	-$129M
Purchases of Investments	-$73.7B
Sales/Maturities of Investments	$33.5B
Other Investing Activities	$148M
NET CASH FROM INVESTING	-$40.6B
Net Debt Issuance	-$12.9B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$787M
Other Financing Activities	$61.8B
NET CASH FROM FINANCING	$47.2B
FREE CASH FLOW	$11.9B
Net Change in Cash	$19.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$27.9B
Short-Term Investments	$66.6B
Net Receivables	$23.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$117.7B
PP&E (Net)	$1.8B
Goodwill	$1.2B
Intangible Assets	$152M
Long-Term Investments	$161.6B
Tax Assets	$3M
Other Non-Current Assets	$14.0B
TOTAL NON-CURRENT ASSETS	$178.7B
TOTAL ASSETS	$296.5B
Account Payables	$32.7B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$231.4B
TOTAL CURRENT LIABILITIES	$268.9B
Long-Term Debt	$6.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$268.9B
TOTAL NON-CURRENT LIABILITIES	$275.8B
TOTAL LIABILITIES	$275.8B
Common Stock	$15M
Additional Paid-In Capital	$4.5B
Retained Earnings	$17.3B
Treasury Stock	-$3.7B
Accum. Other Comp. Income	-$252M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.7B
Minority Interest	$0
TOTAL EQUITY	$20.7B
TOTAL LIABILITIES & EQUITY	$296.5B
Total Debt	$6.9B
Net Debt	-$21.1B