SCHW FY 2021 Earnings Report — The Charles Schwab Corporation Revenue & Financial Results | Market Cap Arena

The Charles Schwab CorporationSCHW

FY 2021 Earnings

Reported February 24, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$19.0B	—	$12.1B	—	56.9%
Op. Income	$7.7B	—	$4.3B	—	79.4%
Gross Margin	97.5%	—	96.5%	—	0.9pp
Net Margin	30.8%	—	27.2%	—	3.6pp
EPS (Diluted)	$2.83	—	$2.12	—	33.5%
Free Cash Flow	$1.2B	—	$6.2B	—	-80.7%

Revenue Flow

Item	Amount
REVENUE	$19.0B
Cost of Revenue	$476M
GROSS PROFIT	$18.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.9B
Other Expenses	$4.9B
Operating Expenses	$10.8B
Cost & Expenses	$11.3B
OPERATING INCOME	$7.7B
Interest Income	$8.5B
Interest Expense	$476M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.7B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.4B
D&A	$1.2B
EBIT	$7.7B
EBITDA	$8.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$19.0B
Cost of Revenue	$476M
GROSS PROFIT	$18.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.9B
Other Expenses	$4.9B
Operating Expenses	$10.8B
Cost & Expenses	$11.3B
OPERATING INCOME	$7.7B
Interest Income	$8.5B
Interest Expense	$476M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7.7B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.4B
D&A	$1.2B
EBIT	$7.7B
EBITDA	$8.9B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$5.9B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$254M
Deferred Income Tax	$53M
Other Non-Cash Items	$2.7B
Change in Working Capital	-$7.9B
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$916M
Acquisitions (Net)	$0
Purchases of Investments	-$171.7B
Sales/Maturities of Investments	$108.2B
Other Investing Activities	-$11.2B
NET CASH FROM INVESTING	-$75.7B
Net Debt Issuance	$10.1B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.8B
Other Financing Activities	$85.9B
NET CASH FROM FINANCING	$96.3B
FREE CASH FLOW	$1.2B
Net Change in Cash	$22.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$63.0B
Short-Term Investments	$390.1B
Net Receivables	$95.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$548.3B
PP&E (Net)	$4.3B
Goodwill	$12.0B
Intangible Assets	$9.4B
Long-Term Investments	$37.7B
Tax Assets	$0
Other Non-Current Assets	$55.6B
TOTAL NON-CURRENT ASSETS	$118.9B
TOTAL ASSETS	$667.3B
Account Payables	$125.7B
Short-Term Debt	$4.9B
Deferred Revenue	$0
Other Current Liabilities	$443.8B
TOTAL CURRENT LIABILITIES	$592.1B
Long-Term Debt	$18.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$18.9B
TOTAL LIABILITIES	$611.0B
Common Stock	$21M
Additional Paid-In Capital	$26.7B
Retained Earnings	$26.0B
Treasury Stock	-$5.3B
Accum. Other Comp. Income	-$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$56.3B
Minority Interest	$0
TOTAL EQUITY	$56.3B
TOTAL LIABILITIES & EQUITY	$667.3B
Total Debt	$23.8B
Net Debt	-$39.2B