SCHW FY 2020 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$12.1B	—	$11.8B	—	2.7%
Op. Income	$4.3B	—	$4.8B	—	-11.3%
Gross Margin	96.5%	—	91.0%	—	5.6pp
Net Margin	27.2%	—	31.4%	—	-4.2pp
EPS (Diluted)	$2.12	—	$2.67	—	-20.6%
Free Cash Flow	$6.2B	—	$8.6B	—	-27.8%

Revenue Flow

Item	Amount
REVENUE	$12.1B
Cost of Revenue	$418M
GROSS PROFIT	$11.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.3B
Other Expenses	$3.1B
Operating Expenses	$7.4B
Cost & Expenses	$7.8B
OPERATING INCOME	$4.3B
Interest Income	$6.5B
Interest Expense	$418M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$604M
EBIT	$4.3B
EBITDA	$4.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$12.1B
Cost of Revenue	$418M
GROSS PROFIT	$11.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.3B
Other Expenses	$3.1B
Operating Expenses	$7.4B
Cost & Expenses	$7.8B
OPERATING INCOME	$4.3B
Interest Income	$6.5B
Interest Expense	$418M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$604M
EBIT	$4.3B
EBITDA	$4.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$604M
Stock-Based Compensation	$204M
Deferred Income Tax	-$138M
Other Non-Cash Items	$1.9B
Change in Working Capital	$948M
OPERATING CASH FLOW	$6.9B
Capital Expenditure	-$631M
Acquisitions (Net)	$14.7B
Purchases of Investments	-$202.2B
Sales/Maturities of Investments	$68.0B
Other Investing Activities	-$5.8B
NET CASH FROM INVESTING	-$125.9B
Net Debt Issuance	$2.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.3B
Other Financing Activities	$138.0B
NET CASH FROM FINANCING	$144.0B
FREE CASH FLOW	$6.2B
Net Change in Cash	$25.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$40.3B
Short-Term Investments	$337.4B
Net Receivables	$67.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$445.7B
PP&E (Net)	$3.8B
Goodwill	$12.0B
Intangible Assets	$10.0B
Long-Term Investments	$25.5B
Tax Assets	$0
Other Non-Current Assets	$52.0B
TOTAL NON-CURRENT ASSETS	$103.3B
TOTAL ASSETS	$549.0B
Account Payables	$104.2B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$358.0B
TOTAL CURRENT LIABILITIES	$479.3B
Long-Term Debt	$13.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$13.6B
TOTAL LIABILITIES	$492.9B
Common Stock	$21M
Additional Paid-In Capital	$26.5B
Retained Earnings	$22.0B
Treasury Stock	-$5.6B
Accum. Other Comp. Income	$5.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$56.1B
Minority Interest	$0
TOTAL EQUITY	$56.1B
TOTAL LIABILITIES & EQUITY	$549.0B
Total Debt	$13.6B
Net Debt	-$26.7B